Development Highlights
Lobo-Marte is located in the Maricunga Gold District of Chile and contains two epithermal gold deposits that are seven kilometres apart.
In November 2021, Kinross announced results from the Lobo-Marte Feasibility Study, which reaffirmed the project has the potential to be a long-life asset with a large production profile and low costs. The project is planned as an open pit, heap leach and SART (Sulphidization, Acidification, Recycling and Thickening) plant operation that will mine the Marte and Lobo deposits in succession, as previously contemplated in the 2020 Pre-feasibility Study.
The 2021 Feasibility Study estimates Lobo-Marte’s mine life is expected to be 16 years, comprised of 14 years of mining and two years of residual processing. For more information, visit www.kinross.com.
Sandstorm holds a 1.75% NSR royalty on 60% of future production (equivalent to 1.05%) and is capped at $40 million.
Royalty Ounces
Attributable to Sandstorm
| P&P | M&I1 | Inferred | |
|---|---|---|---|
| Lobo-Marte GEOs | 49 koz | 17 koz | 3 koz |
1. Measured and Indicated Mineral Resources are Exclusive of Mineral Reserves.
For notes to Royalty Ounces see page 109 to page 112 of our Asset Handbook.
Reserves and Resources
On a 100% Basis
| Tonnage | Grade | Contained | ||
|---|---|---|---|---|
| Proven & Probable |  | 160.7 Mt | 1.30 g/t | 6,733 koz |
| Measured & Indicated1 | | 99.4 Mt | 0.74 g/t | 2,366 koz |
| Inferred | | 18.5 Mt | 0.75 g/t | 445 koz |
1. Measured and Indicated Mineral Resources are Exclusive of Mineral Reserves.
For notes to Mineral Reserves and Mineral Resources see page 118 of our Asset Handbook.
