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The output of Lundin Gold: Ecuador gold mine is expected to reach 20-220000 ounces in 2020.
Jul 8,2020 17:02CST
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Source:SMM
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SMM7, March 8: Canadian miner LundinGoldInc expects gold production at its FrutadelNorte gold mine in Ecuador to be 20-220000 ounces this year, and the mine resumed production over the weekend.

The FrutadelNorte mine stopped production in March, when the Ecuadorian government declared a state of emergency because of the new crown pneumonia outbreak, and Lundin reduced the number of mine workers to a minimum.

Ron Hoxstein (Ron Hochstein), chairman and director of Longding, said that despite the impact of this year's epidemic, the company expects to produce an average of 325000 ounces of gold a year over the mine's 14-year useful life.

The FrutadelNorte gold mine is the first large gold mine in Ecuador to attract investment to diversify its stagnant oil-dependent economy. The mine has proven gold reserves of about 4.8 million ounces.

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