Monday, September 15, 2025

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

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

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Gold Lion Resumes Drilling At Robber Gulch

Gold Lion Resources (CSE: GL) this morning announced that is has resumed its drill program...

Monday, March 8, 2021, 09:33:50 AM

Bank of America Targets Gold Prices to Reach $3000

The Bank of America has increased its 18-month gold target from $2,000 to $3,000 per...

Tuesday, April 21, 2020, 08:57:24 PM

Warren Buffet Buys 20.9 Million Shares of Barrick Gold, Sells Remainder of Stake in Goldman Sachs

It appears that Barrick Gold (TSX: ABX) (NYSE: GOLD) has a lot of reason to...

Friday, August 14, 2020, 07:11:47 PM

Endurance Gold Drills 15.24 Metres Of 14.08 G/T Gold At Eagle Zone

Endurance Gold Corporation (TSXV: EDG) reported today the final assay results from the remaining 30...

Thursday, June 17, 2021, 08:32:55 AM

K2 Gold Expands Stega Target At Mojave Project

K2 Gold Corporation (TSXV: KTO) today reported that the company has succeeded in expanding the...

Monday, June 14, 2021, 10:23:00 AM