Kinross acquired the Lobo-Marte gold project in northern Chile
on January 8, 2009 from Teck Cominco Limited and certain
subsidiaries of Anglo American plc.
Close to 30,000 hectares in size, Lobo-Marte is located in the
Maricunga mining district, roughly midway between Kinross'
Maricunga and La Coipa mines.
Given priorities for capital allocation, Lobo-Marte's timeline has
been extended. Kinross is reviewing opportunities to optimize the
project, including re-evaluating various project configurations and
development scenarios, and exploring logistical efficiencies and
consolidation of resources between nearby Kinross operations.
Meanwhile, Kinross also plans to complete permitting, and conduct
further drilling at the nearby Valy deposit.
Mineral Reserve and Resource Summary
As at December 31, 2012
|Proven and Probable Reserves
|Measured and Indicated Resources (a)
|a) Measured and Indicated Resources exclude
Proven and Probable Reserves