MANAGEMENT

Fruta del Norte restarts

Following suspension of its mine in Ecuador in late March due to COVID-19 concerns, Lundin Gold has restarted operations at Fruta del Norte and expects concentrate shipments to the port to resume within days.

 Fruta del Norte is expected to resume concentrate shipments to the port within days.

Fruta del Norte is expected to resume concentrate shipments to the port within days.

The mill is currently processing ore from stockpile and the mine at a rate of approximately 2,800 tonnes per day and is expected to ramp up to 3,500tpd day over the next two months. 

The mine has resumed producing ore, and production is planned to ramp up over the next three months. 

The company has strict COVID-19 protocols in place at the mine to minimize risks to the health and safety of all personnel, contractors, and local communities.

Work on the completion of the South Ventilation Raise (SVR) is also well advanced.  The SVR has been filled with concrete due to localized ground fall.  Work on the SVR is anticipated to be completed in the December quarter 2020.  

Gold production at Fruta del Norte for the second half of 2020 is estimated to be in the range of 150,000 to 170,000 ounces. The forecast for total 2020 production is  200,000 to 220,000oz. 

Average gold recovery is initially anticipated to be approximately 85% and is expected to reach design levels of 92% at the end of the year.

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