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SLAM DRILLS MORE COPPER MINERALIZATION AT GOODWIN (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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.


TSX:LUG - Post by User

Lundin Gold Inc > Now we know what happened...
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Comment by Beabaggageon Dec 19, 2022 1:06pm
148 Views
Post# 35180039

RE:RE:RE:RE:RE:Now we know what happened...

RE:RE:RE:RE:RE:Now we know what happened...NCM has NOT sold any shares, they actually bot shares in May to level their 32% ownership which is capped because of a stand still agreement they signed in 2028.  The shares bot in May were to offset dilution for shares granted to employees thru performance options. 

I think we will get a great update in early 2023 on not only FDN but the other drillings going on.  The 10mil shares sold by an early invester was due to her fund shutting down and paying out to investors.  I was surprised she could not find a buyer on the other side. 

Most of these small-mid caps have run up a lot since POG was at 1620, Torex, Lundin, Karora..just some profit taking imo.  Gold is holding $1800 today. 
Long LUG and NCM ( and KRR) .  Bea
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