SMM10 22 / PRNewswire-FirstCall-Asianet /-- Lunding Gold () CEO Ron Hochstein, the only large-scale gold miner in Ecuador), said that production at the Fruta del Norte mine could be affected in 7-10 days, mainly because local communities block roads to the mine, which they hope to rebuild a bridge that collapsed last Saturday across the Zamora River, as well as other demands.
In view of this, Lunding Gold's personnel and transportation were all forced to be cut off.
Previously, the company had an annual production target of 20-300000 ounces of gold, which may not be met if the conflict persists.
The mine is located in the jungle-covered mountains of southern Ecuador, near the Peruvian border. The protesters believed that Lunding Gold was mainly responsible for the collapse of the bridge, but it was denied by Lunding Gold, and the company said the load was within limits.
However, Lunding Gold has pledged $2.6 million to rebuild the bridge.
