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Lumina Gold ( (TSE:LUM) ) has issued an update.
Lumina Gold Corp. has announced a significant milestone in the development of its Cangrejos project with the approval of power infrastructure designs by Corporación Eléctrica del Ecuador. This includes plans for transformers and a transmission line to connect to the national grid, crucial for the project’s future energy needs. The feasibility study for the project is nearly complete, with the team working on final capital and operating cost estimates. The environmental impact study is on track for submission in mid-2025, aiming for an environmental license by early 2026. These advancements position Lumina Gold favorably in the market, supporting its strategic operations and enhancing its potential to attract stakeholders.
More about Lumina Gold
Lumina Gold Corp. is a Vancouver, Canada-based company specializing in precious and base metals development. The company focuses on the Cangrejos gold-copper project in southwest Ecuador, which is the largest primary gold deposit in the country. Lumina is known for its experienced management team with a track record of advancing and monetizing exploration projects.
YTD Price Performance: -3.06%
Average Trading Volume: 108,951
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$198.4M
For detailed information about LUM stock, go to TipRanks’ Stock Analysis page.
