(Kitco News) - Lundin Gold (TSX: LUG) yesterday reported Q2 2022 gold production of 111,890 oz from its Fruta del Norte gold mine in southeast Ecuador, up 3% compared to 108,799 oz produced in Q2 2021.
The company said that of the total quarterly gold production, 75,730 oz were produced as a concentrate and 36,160 oz as doré.
In Q2 2022, the mill processed approximately 385,675 tonnes at an average throughput rate of 4,238 tonnes per day, the average grade of ore milled was 10.3 grams per tonne, and average recovery was 87.6%.
Lundin noted that recoveries in the second quarter were impacted by the milling of some oxidized ore.
The company’s gold sales in the second quarter of 2022 totalled 96,291 ounces versus 125,412 ounces sold in the same period last year.
“While operations were largely unimpacted by the recent national strike in Ecuador, which ended on June 30th, some gold shipments and sales planned for the month were impeded by blockades on some of Ecuador's major highways,” Lundin Gold said in its statement.
President and CEO Ron Hochstein commented, "The recent period of national protests was challenging for the people of Ecuador. I am very proud of how the team at Fruta del Norte managed the challenge with minimal impact on operations. I am pleased to report that Lundin Gold remains firmly on track to meet or exceed its 2022 production guidance and meet its 2022 cost guidance. I look forward to a strong second half of this year."
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.
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