Lobo-Marte, Chile

Lobo-Marte is a development stage asset with a large resource, located in the Maricunga district near current Kinross operations.

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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, 2013

Gold Tonnes
(X 1,000)
(X 1,000)
Proven and Probable Reserves 164,230 1.14 6,028
Measured and Indicated Resources (a) 34,052 0.83 908
Inferred Resources 112,767 0.78 2,834
a) Measured and Indicated Resources exclude Proven and Probable Reserves