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 > Pretium just got scooped-up

<< Previous

Bullboard Posts

Next >>

Comment by Pete1986on Nov 17, 2021 4:28am

114 Views

Post# 34134910

RE:RE:RE:RE:RE:RE:Pretium just got scooped-up

Newcrest did not reduce their holding in LUG, they still own about 32%.

Anyway, yes, there is no hurry for Newcrest to buyout LUG since. However, key will be the Lundin family. They are holding a pretty high percentage and they do not get any returns (no dividend yet, no shares in debt). So they won't benefit unless LUG get sold. So they will be the game changer.

<< Previous

Bullboard Posts

Next >>

Two micro-cap stocks with strong fundamentals