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Bullboard - Stock Discussion Forum 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)... see more

TSX:LUG - Post Discussion

Lundin Gold Inc > Down almost 20%
View:
Post by Pete1986 on Jun 23, 2022 12:46pm

Down almost 20%

since yesterday. Did they miss the guidance? Or what is going on? Gold still at 1830 USD.
Comment by Beabaggage on Jun 23, 2022 1:20pm
it is the unrest in Ecuador raging through the country over fuel, inflation etc.  Some oil wells shut down, transport of flowers ( a big export item) slowed as they rot for lack of diesel fuel..  I actually added a little in the selloff, it is a large position for me.  As Lundin and Newcrest have shown when the bridge collapsed (they rebuilt/paid for it) and covid ( they vaxed their ...more  
Comment by Pete1986 on Jun 23, 2022 1:24pm
Did they close the mine?
Comment by Beabaggage on Jun 26, 2022 10:21am
no ..just concerns over political unrest.. the President is facing a no confidence vote..he is a conservative banker.. the mine is in the south east of the country in a somewhat remote area and I expect the company is making sure all is ok..but they have not released any updates on the situation and if it is affecting Lundin. stay tuned I guess!!  Bea 
Lundin Gold Inc