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The latest announcement is out from Lundin Gold ( (TSE:LUG) ).
Lundin Gold Inc. has announced a significant increase in its Mineral Reserves and Resources at the Fruta del Norte (FDN) gold mine as of December 31, 2024. The company reported the highest ever published estimates for contained gold ounces at FDN, with Inferred Resources increasing by 59% to 2.36 million ounces and Measured and Indicated Resources rising to 7.06 million ounces. Proven and Probable Reserves also grew to 5.54 million ounces, despite mining depletion of 0.54 million ounces. The substantial growth is attributed to successful near-mine exploration, particularly at FDN South, and the company is optimistic about further resource expansion and exploration opportunities in 2025.
More about Lundin Gold
Lundin Gold Inc. is a mining company focused on the gold industry, primarily operating the Fruta del Norte gold mine in Ecuador. It is listed on the TSX, Nasdaq Stockholm, and OTCQX, emphasizing its market presence in both North American and European markets.
YTD Price Performance: 19.28%
Average Trading Volume: 24,805
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $6.32B
Learn more about LUG stock on TipRanks’ Stock Analysis page.
