New PEA Shows Lumina’s 17M oz Gold Deposit Economic Today Yet Also Highly Leveraged to Gold Price

Lumina Gold Corp. was launched several years ago out of mining legend Ross Beaty’s (19.9% ownership) vision to develop a large gold deposit that could be monetized via a sale to a major gold producer during a gold upcycle. The company just released an updated PEA on its world-class, massive 17-million-ounce Cangrejos gold deposit in Ecuador. The PEA demonstrated 366k oz of gold production per year for 25 years with an AISC, net of copper, of only US$604/oz. The project now has a US$1.6 billion NPV5% at US$1,400/oz and US$2.5 billion NPV5% at US$1,680/oz. In this interview, President and CEO Marshall Koval and VP Corporate Development and Communications Scott Hicks discuss the results of the new PEA and how the company plans to move forward.https://luminagold.com/ TSXV:LUM OTC:LMGDFLumina Gold Corp.’s presentation: https://luminagold.com/assets/docs/presentations/LumGLD_June-2020---Post-PEA-1591823752.pdfLumina’s PEA news release: https://www.miningstockeducation.com/2020/06/lumina-gold-announces-positive-cangrejos-preliminary-economic-assessment-us1-6-billion-npv-25-year-mine-life-and-production-of-more-360000-gold-ounces-per-year/0:00 Introduction1:35 How does 2020 PEA differ from 2018 PEA?5:08 Feedback from Ross Beaty (19.9% ownership) on new PEA?6:40 Viewing the new PEA through the eyes of a banker7:51 Feasibility of raising US$1B to build the mine?9:07 How does Lumina Gold differ from companies like Seabridge Gold, International Tower Hill Mines, NOVAGOLD, or Chesapeake Gold?10:44 Since exit strategy is to sell Cangrejos to a major producer, what is the next step forward?12:14 Have any majors signed confidentiality agreements?13:14 What to expect in the next 6-12 months?13:48 What would be an acceptable buyout price to Lumina Gold?18:10 How much in the treasury now? Will you be financing soon?19:00 Final thoughtsSign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Lumina Gold Corp. is an MSE sponsor. The forward-looking statement found in Lumina’s most recent presentation apply to the content of this discission. The content found on MiningStockEducation.com is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product.