Building a Leading Gold Company



Fruta del Norte discovered in 2006 by Aurelian Resources

2006 Initial Drill Program

Third drill hole of a three-hole drill program intersected an average of 4.14 g/t gold and 8.5 g/t silver over 237.3m.


Initial Inferred Mineral Resource

Estimate was released in late 2007, consisting of 58.9 Mt grading 7.23 g/t gold and 11.8 g/t silver, at a cut-off grade of 2.3 g/t gold-equivalent.


2008 Acquisition

Kinross Gold Corporation acquired the asset in 2008 for approximately C$1.2 billion.

Further drilling, Mineral Resource updates, and PFS

Kinross announced that it would not proceed with development of the Fruta del Norte project.


Lundin Gold acquired Fruta del Norte

In December 2014, Lundin Gold acquired Fruta del Norte from Kinross, along with Kinross’s other concessions in Ecuador for US$240 million.


Independent Feasibility Study

The Company completed an independent feasibility study for the Fruta del Norte project

Mine Development

Commenced development of the Fruta del Norte mine


Development & Construction

Lundin Gold focused on the development and construction of Fruta del Norte


Company secured the necessary financing


Initial Gold Production

Lundin Gold had met its objective of achieving first gold production at Fruta del Norte


Commercial Production

Reached commercial production at Fruta del Norte

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