Lundin Gold Inc (LUG)

Profile

https://www.lundingold.com

Lundin Gold Inc. is a Canadian mining company headquartered in Vancouver, British Columbia, specializing in gold production through its 100% owned Fruta del Norte gold mine in southeast Ecuador. This operation, one of the highest-grade operating gold mines globally, features probable reserves of 4.92 million ounces at an average grade of 8.7 grams per tonne and has been in commercial production since February 2020, following first gold pour in November 2019. The mine's primary function is to extract and process high-grade gold ore, targeting 475,000 to 525,000 ounces in 2026 at a mill throughput of 5,500 tonnes per day, with cash operating costs of $900 to $960 per ounce and all-in sustaining costs of $1,110 to $1,170 per ounce. Lundin Gold maintains a competitive cost structure and commits to responsible mining practices, including community benefits, emissions reduction, and safety. The company employs 1,910 people and focuses on exploration across its extensive land package, with an $85 million program planned for 2026 to drive long-term growth and sustainability in the gold sector. Its shares are publicly traded, supporting shareholder value through dividends and operational excellence.