Ecuador's Los Cangrejos Gold Mine to Produce 565k oz/yr, $20.4B Revenue

Ecuador's Los Cangrejos megaproject is set to produce 565,000 ounces of gold annually over a 14-year lifespan, generating $20.435 billion in sales revenue. The project will process 50 million tons of ore per year and create 10,000 indirect jobs. This signals a major boost to Ecuador's mining sector and potential export revenues, though construction timeline and financing details remain unspecified.