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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 MrDales62on Feb 24, 2023 8:11am
145 Views
Post# 35302827

Todays news release,

Todays news release,VANCOUVER, BCFeb. 23, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to report results for the fourth quarter and year ended December 31, 2022 (the "2022 Year"). Lundin Gold's year is highlighted by its production of 476,329 oz of gold at an all-in sustaining cost ("AISC")1 of $805 per oz, beating production guidance of 430,000 to 460,000 oz and AISC guidance of $820 to $870 per oz, respectively, and resulting in free cash flow¹ of $269 million for the year. All amounts are in U.S. dollars unless otherwise indicated.

NICE.


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