Lundin Gold delivers strong 2020 production from Fruta del Norte
(Kitco News) - Lundin Gold (TSX: LUG) today reported fourth quarter 2020 gold production of 96,830 ounces from its Fruta del Norte gold mine in southeast Ecuador, bringing gold production to 191,080 ounces since the restart of operations on July 1, 2020.
Fruta del Norte reached commercial production on March 1, 2020 and production for the year totalled 242,400 ounces.
The company said that during the fourth quarter of 2020, the mill processed approximately 337,000 tonnes at an average throughput of 3,665 tonnes per day. The average grade of ore milled during the quarter was 10.1 grams per tonne, and average recovery was 88.6%.
"Fruta del Norte delivered another strong quarter to close out 2020. The grades mined, recoveries and average throughput were all better than expected during the fourth quarter. This enabled us to exceed the upper end of our gold production guidance of 170,000 ounces for the second half of 2020," said President and CEO Ron Hochstein.
Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the largest and highest-grade gold projects in the world currently in production.