MINING REFINING

Lundin Gold reports total Q3 gold production of 122,154 ounces

Wed Oct 09 2024

• Lundin Gold (OTCQX:LUGDF) reported third quarter gold production of 122,154 ounces from its Fruta del Norte gold mine in southeast Ecuador.
• Of the total quarterly gold production, 73,532 oz were produced as concentrate and 48,622 oz as doré, and gold sales totalled 125,887 oz. During the same quarter in 2023, the company produced 112,212 oz of gold and gold sales were 112,711 oz. 
• In the third quarter of 2024, the mill processed 425,340 tonnes of ore resulting in an average throughput rate of 4,623 tonnes per day at an average grade of 10.3 grams per tonne with recoveries of 86.8%.
• "We achieved the milestone of 2.0 million ounces of production from Fruta del Norte in just under five years of operation. Having produced 366,788 oz year to date, we are confident in achieving our 2024 production target of 450,000 to 500,000 oz," said Ron Hochstein, President and CEO.
• Furthermore, the company announced the appointment of Brendan Creaney as Vice President, Corporate Development and Investor Relations. He was most recently CFO of Trevali Mining.

Source: https://www.msn.com/