Kinross Lobo Marte Cost Jumps 67 As Npv More Than Triples
Original announcement by canadianminingjournal on
- Company
- Kinross Gold Corp
- Ticker
- KGC
- Exchange
- Unavailable
- Region
- Chile
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update, Metallurgy
- Extracted
- 2026-08-20 19:17:27 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Kinross Gold has updated the economics for its Lobo-Marte gold project in Chile, raising projected costs by 67% to $1.8 billion while seeing the post-tax NPV more than triple to $4.3 billion. The project is expected to produce 350,000 oz of gold annually for 15 years using a heap-leach process.
Reasoning: The document reports a refresh of feasibility study economics for the Lobo-Marte project, showing significantly higher NPV despite a substantial increase in projected capital and operating costs due to inflation and strategy changes.
Positive factors
- NPV more than triples
- Strong economics at lower metal prices
- High grade for heap leach operation
Negative factors
- Projected costs increased by 67%
- Inflationary pressures
Facts used in scoring: 4
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides a refresh of the feasibility study economics and resource/reserve figures.
Evidence · text
“The update refreshes the economics of the 2021 feasibility study rather than replacing its mine plan.”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: The project is designed to use a three-stage crushing and heap-leach plant.
Evidence · text
“process 161 million tonnes of ore through a three-stage crushing and heap-leach plant”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
provengoldTonnes: 160700000Grade: 1.3Grade Unit: g/tContained Metal: 6.73Contained Unit: million ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- KGC
Resource Data
- Category
- proven
- Tonnes
- 160700000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 6.73
- Contained Unit
- million oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-30T00:00:00.000Z
Reasoning: Reported proven and probable reserves for the project.
Positive factors
- Significant reserve base
Evidence · text
“Lobo-Marte contains proven and probable reserves of 160.7 million tonnes grading 1.3 grams gold per tonne for 6.73 million contained ounces.”
indicatedgoldTonnes: 120800000Grade: 0.71Grade Unit: g/tContained Metal: 2.75Contained Unit: million ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- KGC
Resource Data
- Category
- indicated
- Tonnes
- 120800000
- Grade
- 0.71
- Grade Unit
- g/t
- Contained Metal
- 2.75
- Contained Unit
- million oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-30T00:00:00.000Z
Reasoning: Reported indicated resource for the project.
Evidence · text
“Indicated resources stand at 120.8 million tonnes at 0.71 gram per tonne for 2.75 million oz.”
inferredgoldTonnes: 32900000Grade: 0.63Grade Unit: g/tContained Metal: 670000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- KGC
Resource Data
- Category
- inferred
- Tonnes
- 32900000
- Grade
- 0.63
- Grade Unit
- g/t
- Contained Metal
- 670000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-30T00:00:00.000Z
Reasoning: Reported inferred resource for the project.
Evidence · text
“inferred resources total 32.9 million tonnes at 0.63 gram for 670,000 ounces.”
Fact 4goldView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- KGC
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-30T00:00:00.000Z
Reasoning: Reported gold recovery for the heap-leach process.
Positive factors
- Relatively high grade for a heap-leach operation
Evidence · text
“The company forecasts gold recovery of 69%”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.