What is Kinross Gold's planned investment and timeline for the Lobo Marte gold mine expansion in Chile?

Kinross Gold is planning a USD$3 billion expansion of its Lobo Marte gold project in northern Chile, with an initial phase costing USD$1.5 billion; the project is designed for 22 years of operation, including both construction and production phases.

What are the key operational targets—daily ore processing capacity and total gold extraction—for the expanded Lobo Marte mine?

The expanded Lobo Marte mine aims to process 35,000 tonnes of ore daily and extract a total of 6.7 million ounces of gold over its 22-year operational lifespan.

Kinross Plans USD$3 Billion Chile Gold Mine Expansion at Lobo Marte

May 29, 2026

Kinross Gold plans a USD$3 billion expansion of its Lobo Marte gold project in Chile, submitting an environmental impact assessment for a facility processing 35,000 tonnes of ore daily over 22 years.

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2026-05-29

Kinross Plans USD$3 Billion Chile Gold Mine Expansion at Lobo Marte

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