- CEO
- James A. Beck
- Full Time Employees
- 1,848
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 885 West Georgia Street Vancouver BC Canada V6C 3E8
- IPO Date
- Dec 22, 2014
- Business
- Lundin Gold Inc. (TSX: LUG; Nasdaq Stockholm: LUG) operates as a gold mining company focused on the production and exploration of gold deposits in southeast Ecuador. The company owns and operates the 100%-owned Fruta del Norte gold mine, one of the highest-grade operating gold mines in the world with probable reserves of 4.92 million ounces at an average grade of 8.7 grams per tonne gold; the mine produces gold doré bars primarily through underground mining and processing via a flotation and leaching circuit, with silver as a significant by-product; ongoing regional exploration targets include porphyry copper-gold systems near Fruta del Norte, such as Trancaloma, Bonza Sur, FDN East, and FDN South. Lundin Gold, founded in 2014 and headquartered in Vancouver, British Columbia, Canada, commenced construction at Fruta del Norte in July 2017, poured first gold in November 2019, and declared commercial production in February 2020 ahead of schedule. The company serves international gold markets and emphasizes responsible mining practices benefiting local communities in Ecuador. In recent developments, Lundin Gold expanded its 2025 drilling program at Fruta del Norte to at least 120,000 meters using 17 rigs, the largest ever at the site, following high-grade intercepts including 491.62 g/t gold over 5.20 meters and confirmation of larger mineralized systems at FDN South and FDN East; the company completed its 2025 conversion drilling program, advancing engineering studies toward an initial mineral reserve estimate in early 2026; exploration also intersected best porphyry grades to date, expanding a mineralized corridor and confirming large-scale copper-gold potential adjacent to Fruta del Norte; additionally, Lundin Gold announced a CEO transition with Ron Hochstein's departure and Jamie Beck's appointment.