Kinross updates Lobo-Marte economics, sees USD 4.3 billion NPV at USD 4,100 gold price
KGC•Capital, funding and timeline
Initial capital is forecast at about USD 1.8 billion over three years, with funding planned from operating cash flow.
The Environmental Impact Assessment has been accepted for review in Q2 2026, and first gold is targeted for the early 2030s.
Updated project economics for Lobo-Marte
Kinross updated economics for its Lobo-Marte gold project in Chile to reflect inflation since the 2021 feasibility study.
Steady-state output is forecast at about 350,000 ounces a year over an initial 15-year mine life, with all-in sustaining cost estimated near USD 1,000/oz.
Net present value is estimated at USD 4.3 billion at a USD 4,100/oz gold price, with an internal rate of return of 26% and payback of 2.3 years.
