Lundin Gold reports strong Q1 2021 production results in Ecuador
(Kitco News) - Vancouver-based gold producer Lundin Gold (TSX: LUG) today reported first quarter 2021 gold production of 104,137 ounces from its Fruta del Norte gold mine in southeast Ecuador. Of the total gold production, 70,642 oz were produced as a concentrate and 33,675 oz as doré.
During the first quarter of 2021, the mill processed approximately 324,600 tonnes, the average grade of ore milled was 11.36 grams per tonne, and average recovery was 87.8%.
The company said that Fruta del Norte has delivered strong production figures in its first quarter of 2021. The grades mined, recoveries and tonnes milled were all in line with expectations. Lundin noted it remains firmly on track to meet its 2021 guidance of 380,000 – 420,000 oz gold produced with mill throughput expected to rise from 3,500 tonnes per day to 4,200 tonnes per day in Q4 2021 upon completion of the mill expansion.
Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world.