{
  "id": 27071,
  "title": "Kinross Gold’s Lobo-Marte cost jumps 67% as NPV more than triples",
  "url": "https://urgent.news/2026/07/30/kinross-golds-lobo-marte-cost-jumps-67-as-npv-more-than-triples",
  "topic": "world",
  "section": "World",
  "published": "2026-07-30T17:26:06.000Z",
  "source": {
    "name": "Mining.com",
    "slug": "mining-com",
    "url": "https://www.mining.com/kinross-golds-lobo-marte-cost-jumps-67-as-npv-more-than-triples/"
  },
  "original_language": "en",
  "account": "Kinross Gold's projected cost for its Lobo-Marte gold project in Chile has surged by nearly two-thirds to $1.8 billion, despite the post-tax net present value remaining at an estimated $4.3 billion. The project, located 160 km east of Copiapó in the Atacama region, is expected to produce around 350,000 ounces annually for 15 years at a cost of about $1,000 per ounce. The renewed feasibility study, completed to account for inflation since 2021 and further enhancements of the execution strategy, attributes a significant portion of the cost increase to inflation, equipment purchases, construction planning changes, and higher indirect costs. Despite the higher cost, the project's internal rate of return is estimated at 26% and the payback period at 2.3 years at a gold price of $4,100. Kinross sees the Lobo-Marte project as central to its grade enhancement strategy due to its low mining and processing costs, high heap leach grade, and substantial resource size. The company plans to issue a more definitive cost estimate after completing detailed engineering.",
  "summary": "The project, 50 km from Kinross’ La Coipa and Maricunga mines, is to produce about 350,000 oz. a year.",
  "key_points": [
    "Kinross Gold's Lobo-Marte project cost jumps 67% to $1.8 billion.",
    "Post-tax NPV remains at $4.3 billion, more than tripling.",
    "Project to produce 350,000 ounces annually for 15 years at $1,000/ounce."
  ],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/27071.png",
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Mining.com",
        "title": "Gold price: record gold output, record cost per ounce",
        "url": "https://urgent.news/2026/07/31/gold-price-record-gold-output-record-cost-per-ounce",
        "published": "2026-07-31T16:01:47.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}