PRECIOUS METALS

FDN on time, on budget, but permits pending

Construction of the Fruta del Norte gold project in southern Ecuador is advancing on time and on budget, Ron Hochstein, president and CEO of Lundin Gold told Mining Journal at the 2019 Precious Metals Summit in Beaver Creek, Colorado, but it is still waiting for two permits from the government.

Paul Harris in Beaver Creek, Colorado
Ron Hochstein and the countdown clock at FDN in Ecuador

Ron Hochstein and the countdown clock at FDN in Ecuador

"We still have our contingency intact and have not touched our cost overrun facility and our clock is being used," he said, referring to a red digital countdown clock on site Hochstein uses to focus employees...

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