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. The Company’s properties in Southeast Ecuador consists of over 28 metallic mineral concessions and three construction materials concessions covering an area of approximately 64,454 hectares. From this, Fruta del Norte is comprised of seven concessions covering an area of approximately 5,566 hectares and is located approximately 142 km east-northeast of the City of Loja in southeastern Ecuador. Fruta del Norte deposit is an intermediate sulphidation epithermal gold-silver deposit.

TSX:LUG - Post by User

Lundin Gold Inc > LUG the SLUG

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Comment by Retiredgeoon Dec 15, 2020 2:27pm

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Post# 32110529

RE:LUG the SLUG

I will guess end of the year rebalancing/tax loss selling by fund(s). There is no news on the nets. The fundamentals are all excellent. Gold is doing well. The funds flow out of gold ETFs is ebbing.

All kinds of nonsense, both good and bad, happen at year's end and 250,000 shares out of 230 million is only 0.1% of the float (yes, this is a lightly traded stock!).

I concur that 2021 is looking very good for LUG.

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