Lumina Gold Corp. Stock Analysis LUM.V

Lumina Gold Corp. engages in the acquisition, exploration, and development of mineral resources. The company is headquartered in Vancouver, British Columbia. The firm is engaged in the acquisition, exploration, and development of mineral resources in Ecuador. The company is focused on Cangrejos Gold-Copper Project, which is located in the foothills of the Andes in the southwest of Ecuador and lies 30 kilometers (km) southeast of Machala, the capital of El Oro Province, and 150 km south of Guayaquil city. The Cangrejos Project was the discovery of gold-copper mineralization in a porphyry environment. The firm has approximately six contiguous mineral concessions located near Machala in southwest Ecuador, which covers a land area of approximately 5,682 hectares. The firm owns or controls approximately 2,444 hectares of land / surface rights, which cover various locations with respect to the known and potential targets. Its subsidiaries include Odin Mining del Ecuador S.A., Lumina Trading (Caymans) Ltd. and Odin Ecuador Holdings Inc.