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

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Comment by Pete1986on Nov 17, 2021 9:41am

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Post# 34135579

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

Well, yes, long term debt is a bit more than 500mio, but you have to take into account the working capital (current assets - current liabilities). It's 136 mio, so you can deduced that from the long term debt portion and you get a net debt of about 380 mio US.
Anyway, regarding the political risk. Yes, its higher than in Canada or the US, however, the Lundin familiy is great in builing good relationships to officials and communities. So from that point of view, its really a now brainer.

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