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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

Comment by Beabaggageon Nov 08, 2022 7:03pm
79 Views
Post# 35083827

RE:Gold is exploding

RE:Gold is explodingreport was good as expected, glad I added when it was lower a few months ago, a keeper. strong bal sheet, paying down debt rapidly, paying divs, exploring near mine targets and other places w NCM's help..happy to be long both LUG and NCM two of my largest positions.   I hope they don't do a stupid acquisition they mention they may in the release but they did so last time.  Hoping NCM stops any of that nonsense.   NCM should just buy this but they control so that is just as good...almost.  Bea
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