Lumina Gold Vice President of Corporate Development Scott Hicks joined Steve Darling from Proactive to share news the company has completed its planned reorganization and consolidation of the Cangrejos project.
Hicks telling Proactive the main purpose of the consolidation is to streamline permitting and development of the Cangrejos and Gran Bestia deposits. Those combined cover 4,999 hectares which is the maximum size for concession in Ecuador. Lumina will still retain its total land package of 6,373 hectares, but it will now be across seven concessions instead of the previous ten concessions.