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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 25, 2021 10:24am
90 Views
Post# 34164986

RE:Umbrella Agreement For (Some) Future Mines

RE:Umbrella Agreement For (Some) Future MinesThis PR just brings more qustions to mind than it answers. Solgold invest $430mm over next 10 years, between 2021 and 2031, and Ecuador promise not to expropriate mine for 15 years or until after 2036? No thanks. Fortuna and Hochschild demonstrate that both Mexico and Peru, both countries recently considered excellent mining jurisdictions much better for mining than Ecuador, could potentially become uninvestable...tactics employed by goverments in Mexico and Peru will likely spread to Chile and Argentina etc. Plenty of strong gold and silver miners whose mines are only in Australia, Canada, and U.S. with no exposure to Mexico, Peru etc. so i am going to stick to pure play gold miners on safe jurisdictions and avoid miners with any mines in Latin America.
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