By Alexandra ValenciaQUITO (Reuters) -Ecuador’s government has revoked the environmental license granted to Canadian mining company DPM Metals 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. DPM, which acquired the project in 2021, did not immediately respond to a request for comment. The Loma Larga project was expected to receive investments of $419 million for an average annual production of about 200,000 ounces of gold during its first five years of operation, according to DPM. Despite having significant gold and copper deposits, Ecuador’s recent legal rulings and local opposition has often halted mining projects.