Lundin Gold has reported the production of 122,154oz of gold for the quarter to September 30 from its Fruta del Norte mine in Ecuador, with 73,532oz produced as concentrate and 48,622oz as doré. Production was 8.9% higher than in the same period of 2023, but 8.2% lower than the 133,062oz produced in the June quarter.
Lundin Gold has reported the production of 122,154oz of gold for the quarter to September 30 from its Fruta del Norte mine in Ecuador, with 73,532oz produced as concentrate and 48,622oz as doré.Production was 8.9% higher than in the same period of 2023, but 8.2% lower than the 133,062oz produced in the June quarter."During the third quarter we achieved the milestone of 2Moz of production from Fruta del Norte in just under five years of operation.
The first tranche of $180 million was paid on June 28.The value of shares in Lundin Gold has increased 90% this year. They are trading at C$31.43, valuing the company y at C$7.5 billion.Filo approvalElsewhere in the Lundin group of companies, Filo obtained a final order from the Ontario Superior Court of Justice approving a C$4.5 billion takeover by BHP and Lundin Mining. The transaction was approved by Filo shareholders at a special meeting in late September.
Ron Hochstein Filo Del Sol Josemaria
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