COMPANY PROFILE
Building a leading gold company through responsible mining.
Summary
Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world.
The Company's board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact. Furthermore, Lundin Gold is focused on continued exploration on its extensive and highly prospective land package to identify and develop new resource opportunities to ensure long-term sustainability and growth for the Company and its stakeholders.
Main Leadership
Ron Hochstein, P.Eng., is currently President and Chief Executive Officer of Lundin Gold Inc. and Chairman of Montage Gold Corp. Mr. Hochstein served as Executive Chairman of Denison Mines Corp. in 2015 and as President and Chief Executive Officer from 2009 to 2015. Prior to that, Mr. Hochstein served as President and Chief Operating Officer when International Uranium Corporation ("IUC") and Denison Mines Inc. combined to form Denison Mines Corp. in 2006, before which he had served as President and Chief Executive Officer of IUC. Earlier in his career, Mr. Hochstein was a Project Manager with Simons Mining Group and was with Noranda Minerals as a metallurgical engineer. Mr. Hochstein is a Professional Engineer and holds an M.B.A. from the University of British Columbia and a B.Sc. from the University of Alberta.
Producing Mines
The 100% owned Fruta del Norte gold mine in southeast Ecuador is one of the highest grade, lowest cost gold mines in the world. The deposit is hosted in the La Zarza concession, located in the 38 km2 Suarez Pull-Apart Basin. Fruta del Norte is an underground mine, producing gold concentrate and doré. Lundin Gold acquired the asset in late 2014, began construction in July 2017, poured first gold in November 2019, and declared commercial production in February 2020.
For the year 2024 it produced 502,029 ounces of gold at an All-In-Sustaining Cost (AISC) of US$875/oz.
Guidance for the years 2025 – 2028 includes production of 475,000 – 525,000 oz/y at under US$1,000/oz AISC.
Exploration Projects
Lundin Gold holds exploration concessions of approximately 65,000 hectares in the province of Zamora Chinchipe, Southeast Ecuador.
The near mine exploration program for 2025 consists of a program of 108,000 metres, the largest ever on the property, and includes several exploration targets that are currently being drilled. Priority targets include:
- FDNS – Buried epithermal mineralized system adjacent to FDN
- Trancalomo – Copper-gold porphyry, mineralized from surface
- Bonza Sur – Epithermal disseminated gold deposit with a current strike length of over 2.6 km
- FDN East – Buried epithermal mineralized system adjacent to FDN
- Castillo and Sandia – Copper-gold porphyries
The regional exploration programs objective for 2025 is to ddevelop long-term gold inventory through the exploration of untested sectors, targeting new discoveries, looking for large epithermal systems like Fruta del Norte. 2025 is the first year of a three year program to identify new targets for drilling
Contact
https://lundingold.com/ LinkedIn X Email: info@lundingold.com Tel: 604 689 7842