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Lundin Gold agrees FDN pact

Lundin Gold has managed to secure a government-backed agreement for its Fruta del Norte gold project, which will see a windfall tax that helped scupper previous development payable only after its investment has been reimbursed.

Mining Journal
Fruta del Norte has 7.26Moz and 9.73Moz of indicated gold and silver resources, respectively

Fruta del Norte has 7.26Moz and 9.73Moz of indicated gold and silver resources, respectively

While the agreement in principle with the Ecuador Government is more favourable than previous owner Kinross Gold managed to draw up with the state back in 2011, it still contains several complex clauses...

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