# Kinross Lobo Marte Cost Jumps 67 As Npv More Than Triples Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/kinross-lobo-marte-cost-jumps-67-as-npv-more-than-triples--62010d2d-26b9-452c-b2ec-4456f70d2d0e Original source: https://www.canadianminingjournal.com/news/kinross-lobo-marte-cost-jumps-67-as-npv-more-than-triples/ Publisher: canadianminingjournal Original announcement: 2026-07-30T18:12:30.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas 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 factor: NPV more than triples - Positive factor: Strong economics at lower metal prices - Positive factor: High grade for heap leach operation - Negative factor: Projected costs increased by 67% - Negative factor: Inflationary pressures Facts used in scoring: 4 ## Classification and evidence **Resource Update** Polarity: neutral Definition: 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 Route** Polarity: neutral Definition: 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) ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/kinross-lobo-marte-cost-jumps-67-as-npv-more-than-triples--62010d2d-26b9-452c-b2ec-4456f70d2d0e#fact-resource-facts-0) gold #### 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 factor: 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. ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/kinross-lobo-marte-cost-jumps-67-as-npv-more-than-triples--62010d2d-26b9-452c-b2ec-4456f70d2d0e#fact-resource-facts-1) gold #### 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. ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/kinross-lobo-marte-cost-jumps-67-as-npv-more-than-triples--62010d2d-26b9-452c-b2ec-4456f70d2d0e#fact-resource-facts-2) gold #### 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 4 [Link to this fact](https://atlas-staging.minestarters.com/news/kinross-lobo-marte-cost-jumps-67-as-npv-more-than-triples--62010d2d-26b9-452c-b2ec-4456f70d2d0e#fact-resource-facts-3) gold #### 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 factor: 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.