Lumina Gold Advances Cangrejos Project with Feasibility Study Update
–News Direct–
Lumina Gold CEO Marshall Koval joined Steve Darling from Proactive to provide an insightful update on the progress of the Feasibility Study (FS) for its Cangrejos gold-copper project in southwest Ecuador, in collaboration with Ausenco Engineering Canada and other key stakeholders.
According to Koval, the consulting team has been diligently conducting field operations at Cangrejos, meeting the necessary milestones to finalize the FS by Q2 2025. Notably, the plan entails increasing the initial processing plant throughput to 40,000 tonnes per day, compared to the previously planned 30,000 tonnes per day outlined in the 2023 Pre-feasibility Study. This adjustment aims to streamline construction efforts, facilitate future expansions, and expedite gold and copper production.
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