Kinross Gold Updates Lobo-Marte Project: $4.3B NPV, 350K oz/yr Production

Kinross Gold provided an updated feasibility study for its Lobo-Marte project in Chile, revealing robust economics with an estimated Net Present Value (NPV) of $4.3 billion and an Internal Rate of Return (IRR) of 26% at a $4,100 per ounce gold price. The project is expected to contribute approximately 350,000 gold ounces of average annual production over an initial 15-year operating life, with a low all-in sustaining cost (AISC) of about $1,000 per ounce. Permitting and engineering are advancing, targeting first gold production in the early 2030s, with initial capital expenditures of $1.8 billion.