Lundin's Fruta Del Norte receives permits to move into production
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(Kitco News) - Lundin Gold (TSX:LUG) said Thursday it received the Industrial Water Permit and Administrative Act from La Secretaría Nacional del Agua (SENAGUA) for its Fruta del Norte gold project in Ecuador.
"These two permits are required in order to move Fruta del Norte into production," said the company in a news release. "The process plant has been in the hot commissioning phase for about a month and, with these two permits in hand, the project can move forward to first gold production, as planned, in this quarter."
The company’s website describes Fruta del Norte as a large, high-grade gold deposit with probable reserves of 5.02 million ounces of gold grading at 8.74 grams per tonne. Construction began in the middle of 2017.