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Lumina Gold Featured Interview with CEO Marshal Koval and VP Scott Hicks TSXV:LUM OTCQX:LMDGF
Oct 25 2022
Lumina Gold Featured Interview with CEO Marshal Koval and VP Scott Hicks TSXV:LUM OTCQX:LMDGF
Listen to the full interview at https://b2binterviews.com/lumina-gold .B2B (00:01): Our guests today are Marshall Koval, President and Chief Executive Officer, and Scott Hicks, VP Corporate Development and Communications at Lumina Gold. Lumina Gold Trades on the TSX Venture Exchange under the ticker LUM and OTCQX symbol LMGDF. Good day gentlemen. Thank you for joining us today on B2B Interviews.B2B (00:34): I thought you might begin with a brief introduction and overview of the company.MK (00:40): Lumina Gold is part of the Lumina Group. It was a group founded by Ross Beaty. Originally, it was Lumina Copper Company back in 2003/ 2004 with a view that copper would move from 85 cents up to a couple dollars. It went right through that and up to about $4. Anyway, we raised about $275 million in market and returned about $1.6 billion to shareholders. We had several copper projects in mining friendly countries and basically, after we dispositioned all those projects, Caserones Mine was one of them and then Taka Taka is a development project that First Quantum has. We decided to turn our focus with the management team to the gold space, so we entered Ecuador in 2014 and acquired Cangrejos and that was a project discovered by Newmont, which had no reportable resource on it at the time.Through all the drilling work that we did in publishing from 2014, publishing a 2020 PEA, we have about 17 million ounces of gold in all categories and about 2.2 billion pounds of copper. Basically, right now, Cangrejos is at the prefeasibility stage. We just finished a 36,000-meter drilling program in the field. We're doing the engineering work and we're advancing the prefeasibility study, looking at having that published in April timeframe in 2023. Scott, you might just want to run through some of the results of the 2020 PEA, just to give a high-level overview here.SH (02:28): Where this project sits today, it's a massive project. As Marshall said, it has both gold and copper. It's about 80% gold by revenue, 20% copper by revenue. It's 25 year mine life that incorporates two large scale pits. It'll eventually be an 80,000 ton per day project, so it’s quite large. It's the 37th largest gold deposit by resource size in the world and it'll produce just under 400,000 ounces of gold a year on average for those 25 years. We expect the net of the copper byproduct to be in and around $600 an ounce, which makes it a first quartile asset by cost per ounce.We're excited with the way the project's shaping up so far and we've completed about another 36,000 meters of drilling in the last 12 months to take it towards a prefeasibility study that we expect early next year.Access all of our exclusive CEO interviews and curated content as well as our terms, policies and 17B Disclosures at https://b2binterviews.com/ and follow us on social for alerts and updates as new content goes live.Twitter: https://twitter.com/b2binterviewsLinkedIn: https://www.linkedin.com/company/b2binterviews
Luminex Resources Featured Interview with CEO Marshal Koval and VP Scott Hicks TSXV:LR OTCQX:LUMIF
Oct 23 2022
Luminex Resources Featured Interview with CEO Marshal Koval and VP Scott Hicks TSXV:LR OTCQX:LUMIF
To access the full interview visit https://b2binterviews.com/luminex-resources .B2B (00:01): Our guests today are Marshall Koval, Chief Executive Officer, and Scott Hicks, VP Corporate Development and Communications at Luminex Resources. Luminex trades on the TSX Venture Exchange under the ticker LR and OTCQX symbol LUMIF. Good day gentlemen. Thank you for joining us today on B2B Interviews.B2B (00:31): Gentlemen, I thought you might begin with a brief introduction and overview of the company.MK (00:35): Sure, Todd. Luminex was a spin out from its sister company Lumina Gold in 2018 and the strategy of our group, which we call the Lumina Group, has really been to separate our most advanced projects, which at the time was the one in Lumina Gold, and then spin out the other assets and look to do the same thing over time and create value for shareholders that way. All the projects we had in Ecuador at the time, with the exception of Cangrejos, went into Luminex. Our main project today is the Condor Project, which is about a six and a half million out sold project with a bunch of different deposits comprising that and then a very large land package throughout the rest of Ecuador with a heavy focus on the trend below and above Fruta del Norte and Mirador, which are the two operating mines in country right now. Our work is continuing at Condor with money that we raise in the capital markets and we're onto some pretty new exciting drill results there in an area we call Condor North. Then we have partnerships on some of our early-stage copper projects. We have a partnership with Anglo American, obviously a very large-scale copper producer. They're working on our Pegasus project in the north of the country and we have a partnership with Jogmec, which is a Japanese group, on our Arcadias project and they're doing some drilling there on a copper pour free target. Then the rest of the projects in the portfolio, we look to continue doing early-stage field work on those and we're continually evaluating other partnerships to help de-risk these projects without necessarily risking our capital, so it's a bit of a mixed strategy in this company. We have Condor, which is the gold project that we're using our own money on, and then taking a bit of a partnership approach on a lot of these earlier stage copper projects throughout the country.To access the full interview visit https://b2binterviews.com/luminex-resources .Access all of our exclusive CEO interviews and curated content as well as our terms, policies and 17B Disclosures at https://b2binterviews.com/ and follow us on social for alerts and updates as new content goes live.Twitter: https://twitter.com/b2binterviewsLinkedIn: https://www.linkedin.com/company/b2binterviews