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Lundin starts production at Fruta del Norte

Lundin Gold has commenced gold production at its Fruta del Norte mine in Zamora Chinchipe, Ecuador, following a US$1 billion development.
Lundin starts production at Fruta del Norte Lundin starts production at Fruta del Norte Lundin starts production at Fruta del Norte Lundin starts production at Fruta del Norte Lundin starts production at Fruta del Norte

Fruta del Norte in Ecuador

Staff Reporter

The opening ceremony was attended by Ecuador's vice president Otto Sonnenholzner and energy minister Carlos Perez after the company earlier received the Industrial Water Permit and Administrative Act from La Secretaría Nacional del Agua (SENAGUA) allowing the project to move into production. The process plant has been in the hot commissioning phase for the past month.

Fruta del Norte is expected to produce 310,000 ounces a year of gold for 15 years from a resource of more than 5Moz.

Shares in Lundin Gold are trading at C$7.52, valuing the company at $1.7 billion.