Lundin Gold Inc
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Fruta del Norte exceeds 2020 production guidance
Lundin Gold reported that its Fruta del Norte mine in Ecuador produced 96,830 oz. of gold in the fourth quarter of 2020, and total output since the operation was restarted on July 1, 2020, reached 191,080 oz. According to the…
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Lundin Gold goes ahead with $18.6M Fruta del Norte expansion
Canada’s Lundin Gold (TSX:LUG) is going ahead with expansion plans for its Fruta del Norte gold-silver mine in Ecuador, the country’s largest, only a year after producing the first doré bar on site. The Vancouver-based miner said the $18.6-million expansion will take throughput from 3,500 to…
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Fruta del Norte produces 94,250 oz. in first full quarter
Lundin Gold’s Fruta del Norte gold mine in Ecuador produced 94,250 oz. of gold during the third quarter of 2020, which was the mine’s first full quarter of operations. Approximately 66,790 oz. were produced as a concentrate and 27,460 oz.…
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Aussie gold miner Newcrest to begin trading on TSX
Following its acquisition of a 70% stake in the Red Chris copper-gold mine in British Columbia last year, Australia’s largest listed gold miner, Newcrest Mining, will begin trading on the Toronto Stock Exchange on Oct. 13. In a release, Newcrest…
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Lundin Gold prepares to drill high-priority target near Fruta del Norte
With its Fruta del Norte gold mine in Ecuador ramping up to full production after a three-month suspension related to COVID-19 restrictions earlier this year, Lundin Gold is preparing to start a 6,000-metre drill program at its Barbasco gold-silver target, 7…
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GOLD: Lundin restarts FDN, expects to produce 200,000 to 220,000 oz. this year
ECUADOR – Lundin Gold has restarted operations at its Fruta del Norte (FDN) gold mine and expects to resume concentrate shipments in the next few days. Operations at the site were suspended in March due to the COVID-19 pandemic. Based…
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GOLD: Luminex grows Condor with first Camp resource
VANCOUVER – Luminex Resources has unveiled a maiden resource at its Camp deposit, part of its Condor project in southeast Ecuador, of 11.9 million inferred tonnes grading 2.95 g/t gold equivalent for 1.1 million gold-equivalent oz. Camp contains the highest…
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GOLD: Fruta del Norte ramp up on track, says Lundin Gold
ECUADOR – Lundin Gold has reported that the ramp up of its Fruta del Norte gold mine and plant is on schedule and within budget. The mine – Ecuador’s first large-scale gold mine – produced 28,678 oz. of gold last…
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GOLD: Lundin Gold exports first gold concentrate and doré from Ecuador
VANCOUVER – Lundin Gold has announced the first export of gold concentrate and doré from Ecuador with the first shipment of 180 tonnes of concentrate departing the port on Dec. 8. “Our first shipment to Boliden’s smelting facility in Harjavalta,…
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GOLD: Kinross signs debt financing for Tasiast
MAURITANIA – Kinross Gold has signed a loan agreement for up to US$300 million with the International Finance Corporation (a member of the World Bank group) and Export Development Canada with the additional participation of ING Bank and Societe Generale…
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GOLD: Kinross sells stake in Lundin Gold for $150M
TORONTO – Kinross Gold is selling 20.7 million shares or its 9.2% stake in Lundin Gold for $150 million. Current shareholders Newcrest Mining and the Lundin Family Trust are buying the Kinross shares, boosting their interest in Lundin Gold to 32% (from…
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Lundin Gold prepares to bite into Fruta del Norte
Ecuador’s first large-scale gold mine on track for first production in Q4
