Lumina Gold soars on positive economic assessment for Ecuador project
Results of the Preliminary Economic Assessment show Cangrejos is one of the world's top 15 undeveloped gold projects based on its average annual production potential.
Productivity, followed by capital decisions and obtaining a social license to operate, are among the top risks global mining and metals companies face.
The miner has revealed a major restructuring involving a plan to raise $2.1 billion in a rights issue and spin its international assets into a new London-listed company.
But investors hoping the festive season in the world's second-largest gold buyer will boost the metal’s ailing price are likely to be disappointed, analysts say.