Ecuador revokes environmental license for Canada’s DPM to develop gold project

5/10/2025 7:16

Ecuador’s government has revoked the environmental licence granted to Canadian mining company DPM Metals (DPM.TO) for the development of Loma Larga, a gold project in an environmentally sensitive area, the government said on Saturday.



The decision follows strong opposition from residents and authorities in the Azuay province, where the Loma Larga project is located. They argue that its development would affect the Quimsacocha water reserve, posing significant health risks to local communities.



Ecuador’s Environment and Energy Ministry said in a statement the decision was the result of technical reports submitted by local authorities in Cuenca and Azuay that are responsible for local drinking water and irrigation systems.