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(Kitco News) - Lundin Gold (TSX: LUG) today reported a greenhouse gas (GHG) emissions (Scopes 1 and 2) intensity of 0.06 tCO2e per ounce of gold produced in 2022 from its 100% owned Fruta del Norte gold mine in Ecuador.
According to a news release, based on publicly available data from 152 gold mines that reported their Scopes 1 and 2 GHG emissions in 2021 and on Lundin Gold's 2022 emissions performance, the emissions intensity of Fruta del Norte is among the lowest in the industry.
The company said that by comparison, the average GHG emissions intensity of reporting underground mines was 0.42 tCO2e per ounce of gold produced in 2021.
In addition, Lundin Gold announced that the company has set a target to be carbon neutral by 2030 with respect to its Scopes 1 and 2 emissions based on its current life of mine plan.
"The establishment of this target is supported by a detailed analysis of the company's emissions and the identification, evaluation and prioritization of direct decarbonization opportunities," the company said.
President and CEO Ron Hochstein commented, "With its incredibly low carbon footprint, Fruta del Norte continues to prove itself as a world class asset. Through our commitment to carbon neutrality by 2030, Lundin Gold is determined to maintain its position as one of the world's lowest carbon intensity gold producers."
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.
