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

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Post by MrDales62on Apr 05, 2023 5:08pm

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Post# 35381938

Todays news release,

VANCOUVER, BC, April 5, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) ("Lundin Gold" or the "Company") is pleased to report an all-time high quarterly gold production of 140,021 ounces ("oz") from its Fruta del Norte gold mine ("Fruta del Norte") in southeast Ecuador in the first quarter 2023. Of the total quarterly gold production, 88,236 oz were produced as concentrate and 51,785 oz as dor. During the same quarter in 2022, the Company produced 121,665 oz of gold. Gold sales in the first quarter of 2023 totalled 134,691 oz versus 119,282 oz sold in the same period last year.

Nice uptick in oz's produced and sold, with a stronger gold price.

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