Gold Soars: Why Are Jr. Mining Stocks Left Behind?

In this interview at the Precious Metals Summit 2024, Marshall Koval, President & CEO and Director of Lumina Gold Corp. (TSXV: LUM, OTCQB: LMGDF), provides insights into the current gold market and Lumina Gold’s Cangrejos project in Ecuador. Koval begins by highlighting a notable disconnect between high gold prices and junior mining stock valuations, particularly for developers. This observation sets the stage for discussing Lumina Gold’s potential undervaluation.

Koval delves into the Cangrejos project economics, citing a pre-feasibility study that demonstrates robust financial metrics. The study shows a $2.2 billion NPV (at a 5% discount rate) and a 17% IRR, with Koval noting significant upside potential at current gold prices. These figures underscore the project’s economic viability and potential attractiveness to investors.

He provides an update on the progress of their feasibility study, a crucial step in de-risking the project and potentially closing the valuation gap. Looking ahead, Koval outlines key catalysts that investors should watch. These include upcoming metallurgical test results, which could further optimize the project’s economics, and ongoing negotiations with the Ecuadorian government.


Not a recommendation to buy or sell securities. Always do additional research and consult a professional before purchasing a security. The Deep Dive and its affiliates hold no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Freeman Gold Intersects 2.5 G/T Gold Over 151 Metres At Lemhi

Freeman Gold (CSE: FMAN) this morning released the latest results from its drill program at...

Thursday, March 18, 2021, 08:35:16 AM

Falcon Gold Signs MOU To Expand Central Canada Property

Falcon Gold (TSXV: FG) this morning announced that it has signed a memorandum of understanding...

Thursday, April 23, 2020, 09:22:12 AM

Trillium Gold Acquires Red Lake Property Contiguous To Newman Todd

Trillium Gold Mines (TSXV: TGM) has expanded its foothold in the Red Lake, Ontario district....

Thursday, August 6, 2020, 09:47:01 AM

Inca One Enters $9.0 Million Gold Pre-Payment Agreement

Inca One Gold (TSXV: INCA) this afternoon announced that it has secured another non-dilutive financing...

Monday, August 9, 2021, 01:20:22 PM

Skeena Sees Resource Estimate Upgraded To 5.3 Million Gold Equivalent Ounces

Skeena Resources (TSX: SKE) this morning posted an updated mineral resource estimate for its Eskay...

Wednesday, April 7, 2021, 09:24:46 AM