PRECIOUS METALS

Lundin Gold steady despite stalled 2020

Lundin Gold has reported a net loss of US$47.2 million for 2020 on sales of $358.2 million from its Fruta del Norte gold mine in Ecuador, which was impacted by a government-mandated closure related to the COVID-19 pandemic.

Staff reporter
Lundin Gold's Fruta del Norte in Ecuador

Lundin Gold's Fruta del Norte in Ecuador

The company produced 242,400 ounces at an all-in sustaining cost of $773/oz in what would have been its first full year of production following the start-up of Fruta del Norte in 2019. Lundin made scheduled...

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