LOMA LARGA, ECUADOR Gold Project

Well-aligned with DPM’s core strengths and unique capabilities to unlock value

In 2021, we acquired the Loma Larga project, located in the Azuay province of Ecuador approximately 30 kilometres southwest of the city of Cuena.

Loma Larga is a high-quality copper-gold underground project, which has similar geology, mining method and processing flowsheet as our Chelopech mine, which we transformed into a world-class operation. With Loma Larga, we expect to leverage our proven strengths as an environmentally and socially responsible mining company to unlock the significant potential of the project for the benefit of all stakeholders.

In developing Loma Larga, we will maintain our firm commitment to the highest standards of engagement with local communities and environmental stewardship. We continue to advance the permitting for the project and expect the environmental licence to be issued in the third quarter of 2022. As permitting progresses, we are working proactively with stakeholders to obtain our social licence to operate. Prior to making significant capital commitments, we are making progress in discussions toward a possible investor protection agreement with the government of Ecuador.

High-quality growth asset

The feasibility study indicates that Loma Larga has the potential to produce an annual average of approximately 200,000 ounces of gold in its first five years of operation. Life-of-mine production is expected to be approximately 170,000 ounces of gold per year, at an attractive all-in sustaining cost that would continue to support DPM’s peer-leading cost profile.

We are exploring additional optimization opportunities and expect to complete a revised feasibility study in 2022.

Feasibility study highlights

Technical report

For more information download the technical report.