{"id":46305,"date":"2020-07-15T19:40:00","date_gmt":"2020-07-15T19:40:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2654562"},"modified":"2020-07-15T19:40:00","modified_gmt":"2020-07-15T19:40:00","slug":"kinross-announces-results-of-lobo-marte-pre-feasibility-study","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/07\/15\/kinross-announces-results-of-lobo-marte-pre-feasibility-study\/","title":{"rendered":"Kinross announces results of Lobo-Marte pre-feasibility study"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"91\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-logo-kinross-20rgb-jpg.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" \/><\/p>\n<p align=\"justify\">Kinross Gold Corporation announced the results of a pre-feasibility study (&ldquo;PFS&rdquo;) for its Lobo-Marte project in Chile.<\/p>\n<p align=\"justify\">Lobo-Marte offers the potential of a cornerstone asset with attractive all-in sustaining costs<sup>1<\/sup><sup>, 2<\/sup>&nbsp;to enhance Kinross&rsquo; long-term production profile. The project adds a significant 6.4 million gold ounces, representing an approximately 25% increase, to the Company&rsquo;s 2019 year-end mineral reserve estimates in a favourable mining jurisdiction. The reserve addition also increases Kinross&rsquo; reserve life index<sup>3<\/sup>&nbsp;by approximately 2.5 years.<\/p>\n<p align=\"justify\">The PFS estimate includes total life of mine production of approximately 4.5 million Au oz., average cost of sales of $545 per Au oz.<sup>1, 2<\/sup>&nbsp;and average all-in sustaining cost of sales of $745 per Au oz.<sup>1, 2<\/sup>&nbsp;during a 15-year mine life, which includes 12 years of mining followed by three years of residual processing. The project has attractive grades and a low estimated strip ratio, in part due to historical stripping completed at the Marte pit.<\/p>\n<table class=\"gnw_table_border_collapse hugin\">\n<tbody>\n<tr>\n<td class=\"hugin\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin\" colspan=\"3\"><strong>Lobo-Marte pre-feasibility study highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_label_i10 hugin\">Life of mine production (million Au oz.)<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_label_i10 hugin\">&nbsp; 4.5<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_label_i10 hugin\">Life of mine ore processed (million tonnes)<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_label_i10 hugin gnw_vertical_align_top\">&nbsp; 147<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_label_i10 hugin\">Average grade processed (Au g\/t)<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_label_i10 hugin gnw_vertical_align_top\">&nbsp; 1.35<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_label_i10 hugin\">Strip ratio<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_label_i10 hugin gnw_vertical_align_top\">&nbsp; 2.2<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_label_i10 hugin\">Average production cost of sales (per Au oz.)<sup>1, 2<\/sup><\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_label_i10 hugin gnw_vertical_align_top\">&nbsp; $545<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_label_i10 hugin\">Average all-in sustaining costs (per Au oz.)<sup>1, 2<\/sup><\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_label_i10 hugin\">&nbsp; $745<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_label_i10 hugin\">Average recovery rate Au<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_label_i10 hugin gnw_vertical_align_top\">&nbsp; 71%<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_label_i10 hugin\">Average processing cost (per tonne)<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_label_i10 hugin gnw_vertical_align_top\">&nbsp; $9.85<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_label_i10 hugin\">Average mining cost (per tonne mined)<sup>4<\/sup><\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_label_i10 hugin gnw_vertical_align_top\">&nbsp; $2.20<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_label_i10 hugin\">Life of mine average G&amp;A costs (million per year)<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_label_i10 hugin gnw_vertical_align_top\">&nbsp; $30<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin\">&nbsp;<\/td>\n<td class=\"hugin\">&nbsp;<\/td>\n<td class=\"hugin\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">The PFS contemplates an open pit, heap leach and SART (Sulphidization, Acidification, Recycling and Thickening) plant operation using rope conveyors and mining the Marte and Lobo deposits in succession. Kinross has previously used SART technology successfully in the region. Subject to a positive development decision, the PFS estimates Lobo-Marte project construction beginning in 2025, with first production expected in 2027. Production would commence after the conclusion of mining at the Company&rsquo;s La Coipa project, which is located approximately 50 kilometres northwest of Lobo-Marte, and where the Company is continuing to explore opportunities to extend mine life.<\/p>\n<p align=\"justify\">&ldquo;The Lobo-Marte project provides Kinross with an excellent, organic development option that has attractive all-in sustaining costs and offers substantial upside leverage to the gold price, without increasing project cost requirements and risk,&rdquo; said J. Paul Rollinson, Kinross President and CEO. &ldquo;The project represents a potential synergistic, long-term mine life extension in a favourable mining jurisdiction and delivers a significant 6.4 million ounce addition to our current gold reserve estimates, increasing the Company&rsquo;s overall reserve mine life. As we move forward with the feasibility study for this longer-term project, we will continue to prioritize balance sheet strength and disciplined capital allocation.&rdquo;<\/p>\n<p align=\"justify\">The Company plans to commence a feasibility study later this year, with scheduled completion in Q4 2021. The feasibility study is expected to provide the detailed engineering and project description required for permitting and submission of an Environmental Impact Assessment.<\/p>\n<p align=\"justify\"><strong>Strong upside to gold price<\/strong><\/p>\n<p align=\"justify\">Lobo-Marte&rsquo;s economics are leveraged to the price of gold, as the PFS mine plan and estimated net present value (NPV) and internal rate of return (IRR) at various gold prices are based on pit designs using a $1,200\/oz. gold price. Since the project also assumes the same pit designs at higher gold prices, the project is expected to realize upside value and increase margins at higher gold prices without having to increase stripping or cost estimates, thereby reducing risk and providing downside protection.&nbsp;<\/p>\n<table class=\"gnw_table_border_collapse hugin\">\n<tbody>\n<tr>\n<td class=\"hugin\" colspan=\"4\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin\" colspan=\"4\"><strong>Lobo-Marte IRR and NPV estimates based on pit designs using $1,200\/oz. gold price<\/strong><strong><em>*<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin\"><strong>&nbsp;<\/strong><\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\" colspan=\"1\"><strong>Kinross reserve price<\/strong><br \/><strong>$1,200\/oz.<\/strong><\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\"><strong>Consensus long-term price<\/strong><br \/><strong>~$1,500\/oz.<\/strong><\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\" colspan=\"1\"><strong>&nbsp;Spot price<\/strong><br \/><strong>~$1,800\/oz.<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin\"><strong>IRR<\/strong><sup>5<\/sup><\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_right_none gnw_border_right_solid gnw_align_center hugin\"><strong>7<\/strong><strong>%<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_right_none gnw_border_right_solid gnw_align_center hugin\"><strong>14<\/strong><strong>%<\/strong><\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_right_none gnw_border_right_solid gnw_align_center hugin\"><strong>21<\/strong><strong>%<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin\"><strong>NPV<\/strong><sup>6<\/sup><\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\" colspan=\"1\"><strong>$150 million<\/strong><\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\"><strong>$770 million<\/strong><\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\" colspan=\"1\"><strong>$1,355 million<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin\" colspan=\"4\"><em>*Key assumptions include: $1,200\/oz. gold price, $45\/bbl oil price, 800 Chilean peso to the U.S. dollar, and $2.40\/lb copper price.<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">The initial estimated capital cost for the project is $765 million, plus approximately $230 million in contingency. The estimated capital costs includes mine equipment, crushing and storage facilities, conveyors, and site utilities and infrastructure. Sustaining infrastructure costs are expected to average approximately $30 million per year over the life of the operation, while sustaining capitalized stripping costs are expected to average approximately $45 million per year over 12 years of mining<sup>7<\/sup>.<\/p>\n<table class=\"gnw_table_border_collapse hugin\">\n<tbody>\n<tr>\n<td class=\"hugin\">&nbsp;<\/td>\n<td class=\"hugin\" colspan=\"2\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_label_i10 hugin\"><strong>Lobo-Marte initial capital cost estimates<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid hugin\" colspan=\"2\"><strong><em>(millions)<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_label_i10 hugin\">Mine equipment<\/td>\n<td class=\"gnw_border_right_solid gnw_padding_left_none hugin gnw_vertical_align_top\" colspan=\"2\">$100<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_label_i10 hugin\">Site development<\/td>\n<td class=\"gnw_border_right_solid gnw_padding_left_none hugin gnw_vertical_align_top\" colspan=\"2\">$205<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_label_i10 hugin\">Process facilities<\/td>\n<td class=\"gnw_border_right_solid gnw_padding_left_none hugin gnw_vertical_align_top\" colspan=\"2\">$210<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_label_i10 hugin\">Heap leach<\/td>\n<td class=\"gnw_border_right_solid gnw_padding_left_none hugin gnw_vertical_align_top\" colspan=\"2\">$70<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_label_i10 hugin\">Indirect and other<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none hugin gnw_vertical_align_top\" colspan=\"2\">$180<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_label_i10 hugin\"><strong>Sub-total<\/strong><\/td>\n<td class=\"gnw_border_right_solid gnw_padding_left_none hugin\" colspan=\"2\"><strong>$<\/strong><strong>765<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_left_solid gnw_label_i10 hugin\">Contingency<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none hugin gnw_vertical_align_top\" colspan=\"2\">$230<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_bottom_solid gnw_border_left_solid gnw_label_i10 hugin\"><strong>Total<\/strong><\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none hugin\" colspan=\"2\"><strong>$<\/strong><strong>995<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin\">&nbsp;<\/td>\n<td class=\"hugin\" colspan=\"2\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">The go-forward decision on the project will depend on a range of factors, including the gold price environment and projections, expected economic returns, permitting, various technical and other considerations, Kinross&rsquo; capital priorities, and maintaining the Company&rsquo;s balance sheet strength.<\/p>\n<table class=\"gnw_table_border_collapse hugin\">\n<tbody>\n<tr>\n<td class=\"hugin\" colspan=\"4\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin\" colspan=\"4\"><strong>Lobo-Marte Mineral Reserve and Resource estimates<\/strong><sup>8<\/sup><br \/><strong><em>(At June 30, 2020)<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin\">&nbsp;<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\"><strong>Tonnes<\/strong><br \/><em>(kt)<\/em><\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\"><strong>Grade<\/strong><br \/><em>(Au g\/t)<\/em><\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\"><strong>Ounces<\/strong><br \/><em>(Au koz)<\/em><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin\"><strong>Probable Reserves<\/strong><\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\">146,771<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\">1.36<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\"><strong>6,394<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin\"><strong>Indicated Resources<\/strong><\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\">75,738<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\">0.74<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\"><strong>1,796<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin\"><strong>Inferred Resources<\/strong><\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\">9,637<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\">0.67<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid gnw_align_center hugin\"><strong>207<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"hugin\">&nbsp;<\/td>\n<td class=\"hugin\">&nbsp;<\/td>\n<td class=\"hugin\">&nbsp;<\/td>\n<td class=\"hugin\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>About Kinross Gold Corporation&nbsp;<\/strong><strong>&nbsp; &nbsp;<\/strong><\/p>\n<p align=\"justify\">Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Chile, Ghana, Mauritania, and Russia. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).<\/p>\n<p><strong>Media Contact<\/strong><br \/>Louie Diaz<br \/><em>Senior Director, Corporate Communications<\/em><br \/>phone: 416-369-6469<br \/>louie.diaz@kinross.com<\/p>\n<p><strong>Investor Relations Contact<\/strong><br \/>Tom Elliott&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br \/><em>Senior Vice-President, Investor Relations and Corporate Development &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/em><br \/>phone: 416-365-3390&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br \/>tom.elliott@kinross.com<\/p>\n<p class=\"tags\">\n<div><strong>See Campaign: <\/strong><a href=\"http:\/\/kinross.com\" target=\"_blank\">http:\/\/kinross.com<\/a><br \/><b>Contact Information:<\/b><br \/>Tom Elliott<br \/>\nSenior Vice-President, Investor Relations and Corporate Development<br \/>\nphone: 416-365-3390<br \/>\ntom.elliott@kinross.com<\/p>\n<p><b>Tags:<\/b><br \/><a href=\"\"><\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/wire\/\" rel=\"category tag\">Wire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/disclosure-newswire\/\" rel=\"category tag\">Disclosure Newswire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/global-regions\/united-states\/\" rel=\"category tag\">United States<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/language\/english\/\" rel=\"category tag\">English<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\" alt=\"image\" width=\"400\" height=\"300\" class=\"cwdfimg\" \/><\/div>\n<div>\n<h3>Contact Information:<\/h3>\n<p>Tom Elliott\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>\nSenior Vice-President, Investor Relations and Corporate Development \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>\nphone: 416-365-3390\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>\ntom.elliott@kinross.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"91\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-logo-kinross-20rgb-jpg.jpg\" alt=\"\">Kinross Gold Corporation announced the results of a pre-feasibility study (&ldquo;PFS&rdquo;) for its Lobo-Marte project in Chile. Lobo-Marte offers the potential of a cornerstone asset with attractive all-in sustaining costs1, 2&nbsp;to enhance Kinross&rsquo; long-term production profile. The project adds a significant 6.4 million gold ounces, representing an approximately 25% increase, to the Company&rsquo;s 2019 year-end &hellip; <a href=\"https:\/\/icrowdnewswire.com\/2020\/07\/15\/kinross-announces-results-of-lobo-marte-pre-feasibility-study\/\">Continue reading <span>Kinross announces results of Lobo-Marte pre-feasibility study<\/span><\/a> <a href=\"https:\/\/ipsnews.net\/business\/2020\/07\/15\/kinross-announces-results-of-lobo-marte-pre-feasibility-study\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56,3,22,54],"tags":[],"class_list":["post-46305","post","type-post","status-publish","format-standard","hentry","category-disclosure-newswire","category-english","category-united-states","category-wire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kinross announces results of Lobo-Marte pre-feasibility study - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/07\/15\/kinross-announces-results-of-lobo-marte-pre-feasibility-study\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kinross announces results of Lobo-Marte pre-feasibility study - Business\" \/>\n<meta property=\"og:description\" content=\"Kinross Gold Corporation announced the results of a pre-feasibility study (&ldquo;PFS&rdquo;) for its Lobo-Marte project in Chile. Lobo-Marte offers the potential of a cornerstone asset with attractive all-in sustaining costs1, 2&nbsp;to enhance Kinross&rsquo; long-term production profile. The project adds a significant 6.4 million gold ounces, representing an approximately 25% increase, to the Company&rsquo;s 2019 year-end &hellip; Continue reading Kinross announces results of Lobo-Marte pre-feasibility study Continue Reading &rarr;\" \/>\n<meta property=\"og:url\" content=\"http:\/\/ipsnews.net\/business\/2020\/07\/15\/kinross-announces-results-of-lobo-marte-pre-feasibility-study\/\" \/>\n<meta property=\"og:site_name\" content=\"Business\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-15T19:40:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-logo-kinross-20rgb-jpg.jpg\" \/>\n<meta name=\"author\" content=\"Asiya\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Asiya\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/07\/15\/kinross-announces-results-of-lobo-marte-pre-feasibility-study\/\",\"url\":\"http:\/\/ipsnews.net\/business\/2020\/07\/15\/kinross-announces-results-of-lobo-marte-pre-feasibility-study\/\",\"name\":\"Kinross announces results of Lobo-Marte pre-feasibility study - 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The project adds a significant 6.4 million gold ounces, representing an approximately 25% increase, to the Company&rsquo;s 2019 year-end &hellip; Continue reading Kinross announces results of Lobo-Marte pre-feasibility study Continue Reading &rarr;","og_url":"http:\/\/ipsnews.net\/business\/2020\/07\/15\/kinross-announces-results-of-lobo-marte-pre-feasibility-study\/","og_site_name":"Business","article_published_time":"2020-07-15T19:40:00+00:00","og_image":[{"url":"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-logo-kinross-20rgb-jpg.jpg","type":"","width":"","height":""}],"author":"Asiya","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Asiya","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"http:\/\/ipsnews.net\/business\/2020\/07\/15\/kinross-announces-results-of-lobo-marte-pre-feasibility-study\/","url":"http:\/\/ipsnews.net\/business\/2020\/07\/15\/kinross-announces-results-of-lobo-marte-pre-feasibility-study\/","name":"Kinross announces results of Lobo-Marte pre-feasibility study - Business","isPartOf":{"@id":"https:\/\/ipsnews.net\/business\/#website"},"primaryImageOfPage":{"@id":"http:\/\/ipsnews.net\/business\/2020\/07\/15\/kinross-announces-results-of-lobo-marte-pre-feasibility-study\/#primaryimage"},"image":{"@id":"http:\/\/ipsnews.net\/business\/2020\/07\/15\/kinross-announces-results-of-lobo-marte-pre-feasibility-study\/#primaryimage"},"thumbnailUrl":"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-logo-kinross-20rgb-jpg.jpg","datePublished":"2020-07-15T19:40:00+00:00","author":{"@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/3a37b5ed16b9ebaf70290330c45a2e37"},"breadcrumb":{"@id":"http:\/\/ipsnews.net\/business\/2020\/07\/15\/kinross-announces-results-of-lobo-marte-pre-feasibility-study\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/ipsnews.net\/business\/2020\/07\/15\/kinross-announces-results-of-lobo-marte-pre-feasibility-study\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/ipsnews.net\/business\/2020\/07\/15\/kinross-announces-results-of-lobo-marte-pre-feasibility-study\/#primaryimage","url":"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-logo-kinross-20rgb-jpg.jpg","contentUrl":"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-logo-kinross-20rgb-jpg.jpg"},{"@type":"BreadcrumbList","@id":"http:\/\/ipsnews.net\/business\/2020\/07\/15\/kinross-announces-results-of-lobo-marte-pre-feasibility-study\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ipsnews.net\/business\/"},{"@type":"ListItem","position":2,"name":"Kinross announces results of Lobo-Marte pre-feasibility study"}]},{"@type":"WebSite","@id":"https:\/\/ipsnews.net\/business\/#website","url":"https:\/\/ipsnews.net\/business\/","name":"Business","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ipsnews.net\/business\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/3a37b5ed16b9ebaf70290330c45a2e37","name":"Asiya","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d4d7dcc41e3f5a5cad4cf78eca935d2f4c65cc9a91e376789d357e29806bcb91?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d4d7dcc41e3f5a5cad4cf78eca935d2f4c65cc9a91e376789d357e29806bcb91?s=96&d=mm&r=g","caption":"Asiya"},"sameAs":["https:\/\/icrowdnewswire.com\/fc"],"url":"https:\/\/ipsnews.net\/business\/author\/asiya\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/46305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/comments?post=46305"}],"version-history":[{"count":0,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/46305\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/media?parent=46305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/categories?post=46305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/tags?post=46305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}