Lumina Gold
Financials:
Primary ticker: TSXV:LUM
Stage of development: Exploration, Development
Primary minerals: Gold, Copper
Project to promote: Cangrejos, Condor
Project location: Ecuador
Website: luminagold.com
Corporate presentation: Click here
Lumina Gold is expecting to complete its Pre-Feasibility study and update its resource in April 2023. Currently the project is a 25 year mine life producing ~370koz Au and ~50Mlbs Cu per year. The project hosts over 17Moz of gold and is expected to grow.
Cash: CAD$5M
Debt: CAD$10M
Major shareholders:
Ross Beaty – 20%
Ecuadorian Group – 18%
Route One – 6%
Management Ownership – 9%
Management Profile
Scott Hicks – VP Corp. Dev.
Mr. Hicks was previously an investment banker working with RBC Capital Markets and BMO Capital Markets. He also served as VP Corporate Development and Communications of Anfield Gold. He currently serves as CEO of Strategic Resources and VP Corporate Development and Communications of Lumina Gold & Luminex.
Marshall Koval – CEO
Mr. Koval is a mining executive with approximately 45 years of experience and has worked on mining projects in over 30 countries. He served as Chairman & CEO of Anfield Gold Corp and is currently CEO and Director of Lumina Gold Corp, a Director of Equinox Gold and a Director of Miedzi Copper Corp. Previously, Mr. Koval was a partner in Lumina Capital, LP and served as CEO of Northern Peru Copper Corp, VP of Corporate Development for Lumina Copper Corp, President of Pincock, Allen & Holt and held management positions with Golder Associates, BHP/Utah International, Inco, Meridian Minerals and Inspiration Consolidated Copper. Mr. Koval holds a BSc. in Geology from the University of Missouri.
What is your rationale for taking part in 121 Mining Investment?
Increasing investor awareness and increase market liquidity.
What recent news would you like to highlight to investors attending?
The Lumina Gold Pre-Feasibility results from April 2023
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Increasing valuation multiples back to historical norms to allow for continuation of work with less dilution.
What do you think makes your company such a compelling investment?
There are very few projects with this scale, infrastructure and desirable metal mix available in the world today. Trading at historically low valuation multiples for a gold developer at a PFS stage.
What are the top 3 key investor takeaways?
A large scale gold and copper asset that will be a mine.
The PFS will substantially de-risk the project and allow for permitting to start, along with an investment protection agreement.
This is a unique asset held by an undervalued gold developer.