In this interview, Marshall Koval, CEO of Lumina Gold Corp. (TSXV: LUM), provides insights into the company’s Cangrejos gold project in Ecuador and the broader gold market. Koval is bullish on gold, predicting potential price increases and Fed rate cuts.
Koval outlines Lumina’s progress on their feasibility study, due in early 2025, highlighting the project’s robust economics with a potential $3.5 billion NPV at $1,980/oz gold. He addresses key operational aspects, including power costs and funding through a streaming deal with Wheaton Precious Metals.
Discussing risks, Koval touches on permitting timelines and geopolitical considerations in Ecuador. He closes out the intervier by providing insight into Lumina’s ownership structure and outlines upcoming milestones for investors, including metallurgical test results and government negotiations.
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