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 > results?

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Comment by Pete1986on Dec 18, 2021 6:46am

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Post# 34243034

RE:results?

Good question, I heard that they will release those results still in Q4, so one more week to go.

However, I assume the market already expect not good results. The share price has been a total disaster, trading close to 2019 levels. The goal was to get the share price to 20 CAD and above. And now they were able to bring it down below 10 CAD.

And even at those depressed share price levels, neither Newcrest, the Lundin Family or other insiders see any value. They don't buy any shares in the open market. What does this tell us?

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