Kinross Gold Updates on Lobo-Marte Project with Economic and Environmental Focus
Kinross Gold Corporation has provided an update on its Lobo-Marte project in Chile, highlighting its expected contribution of approximately 350,000 ounces of gold annually. The project is designed to be a long-life, low-cost heap leach operation with an estimated Net Present Value (NPV) of $4.3 billion. The company is advancing with permitting, detailed engineering, and execution planning. The project is expected to support significant local employment and economic benefits, with a focus on sustainability, including the use of renewable energy sources.