Lumina Gold to complete Cangrejos study by mid-2025

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Lumina expects the modification to help streamline the construction process, speed up future expansions, and boost gold and copper production.

Other revisions to the mine plan include prioritizing the extraction of higher-grade ore from the Cangrejos deposit before beginning operations at Gran Bestia. After mining, more than 300 million tonnes of waste rock will be placed in the Cangrejos pit, reducing the space needed for waste storage and the distance for hauling, Lumana said. 

The company noted the waste storage facility had been moved to Lumina-owned land, which increases the distance from nearby communities. It also said that access roads will be redirected to avoid populated areas.

Field teams are carrying out test pits, and two drilling rigs will start drilling of geotechnical boreholes at the end of May to assist in determining the location of the facility.

Lumina intends to implement a CIPA (complementary investment…

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