The Loma Larga gold-silver-copper project is located in southern Ecuador. Credit: IVN Metals.
Drilling at DPM Metals’ (TSX, ASX: DPM) Loma Larga project in Ecuador has been put on hold following widespread protests, the Canadian miner said as it released a new study that showed higher capital costs and smaller potential returns.
A 23,000-metre drilling program, which had previously been expected to start in the second half of the year, has been “paused,” DPM said late Tuesday without providing a timeframe. The company said it will “continue to engage with stakeholders to address their concerns, and work with the government to understand its expectations for resuming DPM’s planned activities.”
Ecuador’s President Daniel Noboa last month requested further information on Loma Larga, handing responsibility for the project’s approval or rejection to authorities in the southern province of…
