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Lundin Gold Inc T.LUG

Alternate Symbol(s):  LUGDF

Lundin Gold Inc. is a Canada-based mining company. The Company owns the Fruta del Norte gold mine in southeast Ecuador and a large exploration land package that hosts the Fruta del Norte deposit at its northern edge. The deposit is hosted in the La Zarza concession, located in the 38 square kilometers (km2) Suarez Pull-Apart Basin. Fruta del Norte deposit is located within a 150 kilometers (km) long copper-gold metallogenic sub-province in the Cordillera del Condor region in southeastern Ecuador. It is comprised of seven concessions covering an area of approximately 5,566 hectares and is located approximately 140 kilometers (km) east-northeast of the City of Loja. Fruta del Norte deposit is an intermediate sulphidation epithermal gold-silver deposit measuring approximately 1,670 meters along strike, and 700 meters down dip. Its mineralogy consists of chalcedonic to crystalline quartz, manganese carbonates, calcite, adularia, barite, marcasite and pyrite.


TSX:LUG - Post by User

Post by woolcoon Feb 25, 2021 8:31am
161 Views
Post# 32656083

4th quarter/full year results

4th quarter/full year results1. Given Covid in country of mining....pretty solid year.
2. Exceptional q4 ...and expect that run rate to amplify even more in 2021.
3. Guidance ...massive.

in the end ...it did take a bit longer and cost a bit more than hoped to get this company cranking..but looking at Q4...it validates the full year guidance which should revalue this company.  We may need a couple qtr's in 2021 to prove it out...but this company is now a CASH MACHINE.

Very attractive for acquisition at these levels also.




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