Lundin Gold Inc T.LUG

Alternate Symbol(s): LUGDF

Metals & Mining Gold

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.

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Lundin Gold Inc > Royalties at Fruta del Norte

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Comment by Pete1986on Nov 20, 2021 7:16pm

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Post# 34149944

RE:RE:RE:Royalties at Fruta del Norte

You are wrong.

The windfall tax was eliminated by the government of Ecuador. And also the 50% profit share is not in place anymore.

So what taxation do we have in Ecuador:
- 5% production taxes (royality) + 1% third party royality
- 3% profit sharing (employees, part of the cash costs)
- 12% profit sharing (governmen, based on EBIT)
- 22% income tax (based on EBIT, 12% profit sharing tax is deductable)

So all in all pretty good conditions in terms of taxation. And also pretty competitive to other countries.

Looking good and great things to come.

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Silvercorp to expand into Ecuador with C$200M Adventus acquisition