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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. 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

Comment by petersburggrayon Nov 17, 2021 6:51am
100 Views
Post# 34135006

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

RE:RE:RE:RE:RE:RE:RE:Pretium just got scooped-upPete i thought i read somewhere Newcrest cut their equity interest to 27.5% but i see they did participate in LUGmost recent dilutive secondary so i stand corrected. Doesnt change thesis of mine to avoid this miner for now. Too much debt lots of which is structured too complicated for me to understand. Big cash balance but that cadh must go to cover huge current liabilities so one hiccup in mine operations and LUG be doing another dillutive secondary. Resource nationism also underappreciated risk. Mine blockaded last year so potential exist for another blockade that potentially effect mine opns with bad consequence for shareholders...setup remind me of BVN.
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