• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • WORLD EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • WORLD EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    market news

    INV Metals Shares Fresh Feasibility Study for Loma Larga

    Charlotte McLeod
    Mar. 31, 2020 04:55PM PST
    Base Metals Investing

    INV Metals released an updated feasibility study for its Ecuador-based Loma Larga gold-copper-silver project. 

    INV Metals (TSX:INV) released an updated feasibility study for its Ecuador-based Loma Larga gold-copper-silver project.

    As quoted in the press release:

    Loma Larga is projected to be a low-cost operation with expected life of mine (“LOM”) cash costs of $559/oz, all-in sustaining costs of $627/oz, and all-in costs of $789/oz. Initial pre-production capital expenditures are estimated at $316 million, with sustaining capital of $71 million and closure costs of $22 million (including taxes and duties). The projected 12 year mine life and forecasted life-of-mine mined production remains unchanged. Average yearly mined production is forecasted at 223,000 gold equivalent ounces, with an average of 289,000 gold equivalent ounces mined during the first four full years.

    Candace MacGibbon, CEO of INV, commented:

    We are very pleased to release the positive results of the updated Feasibility Study which incorporate the relocation of the plant infrastructure and tailings facility near the proposed mine site; updated capital and operating cost estimates; and current Mineral Resources and Reserves. While the capital and operating costs have not changed materially since the results of the previous Feasibility Study were filed in January 2019 (“2019 FS”), the gold price environment has strengthened and we have reflected the current long-term consensus gold price of US$1,400/oz into the FS.

    Click here to read the full INV Metals (TSX:INV) press release.

    tsx:invmarket newsloma larga
    The Conversation (0)

    Go Deeper

    AI Powered
    Gold nuggets on dark ground.

    Top 5 Junior Gold Mining Stocks on the TSXV in 2025

    Lode Gold Completes Final Tranche Financing for Total $1.51 Million

    Lode Gold Completes Final Tranche Financing for Total $1.51 Million

    Latest News

    Underground Production Commences Reward Gold Mine Project

    Prismo Metals Announces Closing of Oversubscribed Private Placement

    OTCQB Venture Virtual Investor Conference: Presentations Now Available for Online Viewing

    Forte Minerals Engages Strategic Advisors, Expands Capital Markets Team, and Launches AI-Powered Investor Tool

    Questcorp Mining and Riverside Resources Announce Commencement of Maiden Drilling Program at the La Union Gold & Silver Project in Mexico

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×