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A windfall for Ecuador investors

Ecuador’s government is looking to incentivise more miners and explorers into a production decision in the country by pushing back the date for which its controversial 70% windfall tax is payable.

A windfall for Ecuador investors A windfall for Ecuador investors A windfall for Ecuador investors A windfall for Ecuador investors A windfall for Ecuador investors

Lundin Gold expects to start construction on Fruta del Norte next year (photo: Javier Cordova)

Under current law, a producer is liable for the windfall tax one month after it recovers its capital investment, depending on the commodity price at that time, but the government is weighing up a