Lumina Gold Corp at Red Cloud Fall Mining Showcase Transcript
Thanks, everyone. Well, it's a great morning to be out here talking about a gold story. You see golds popped up to [$1,740] this morning, so we've got lots of it. So with that, I'll be making some forward-looking statements today about the PFS work we're doing right now.
So Cangrejos, where we sit today, we're at about 17 million ounces of gold, about 2.2 billion pounds of copper. So we already have a fairly massive project in Ecuador. For those of you who followed it, we put out that PEA study in 2020, outlining about 370,000 ounces of gold production a year, about 50 million pounds of copper production a year, 25-year mine life, which was a vast improvement over the 2018 study. And a pretty low cost, about $600 an ounce all-in sustaining cost on the gold side of things.
Now, the focus in the last 12 months has really been a 36,000-meter drill program. And the purpose of that was to infill the PEA pits to at least indicated, so that it could all be used in a PFS study and be converted to reserves. So we
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