Lundin Gold has marked out a "concentric circle” of geographic targets in which a "bulls-eye” would be a pure-play gold asset in Latin America, outside Ecuador.
TORONTO: With its first commercial production around the corner, Lundin Gold Inc. is looking at options to grow -- including acquisitions.
The company’s only asset, Fruta del Norte in Ecuador, will reach commercial production in the second quarter, Chief Executive Officer Ron Hochstein said Thursday in an interview at Bloomberg’s Toronto office. The low-cost mine is expected to produce more than 300,000 ounces of gold this year, and average 325,000 ounces over its expected 14-year mine life.
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