Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Lundin Gold Inc. (T:LUG)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 885 Georgia St W Suite 2000
Tel: N/A
IR: See website
Key People
Ronald F. Hochstein
President, Chief Executive Officer, Director
Alessandro Bitelli
Chief Financial Officer, Executive Vice President - Finance
Chester See
Vice President - Finance
Sheila M. Colman
Vice President - Legal, Corporate Secretary
Anthony P George
Vice President - Project Development
Nathan Monash
Vice President - Business Sustainability
Nicholas Teasdale
Vice President - Exploration
Business Overview
Lundin Gold Inc (Lundin Gold), formerly Fortress Minerals Corp, is a Canada-based gold mining company. The Company owns the Fruta del Norte Project located in southeast Ecuador, which is an undeveloped gold project. The Company's Fruta del Norte Project is located in the Cordillera del Condor region of Zamora, Chinchipe province, southeastern Ecuador. The Fruta del Norte Project consists of approximately 30 mining concessions, which cover an area of approximately 75,000 hectares located in southeastern Ecuador, in the Province of Zamora and in Morona Santiago province. The Fruta del Norte Project is consist of over three concessions and covers an area of approximately 4,660 hectares located in the Province of Zamora Chinchipe. The Company's subsidiaries include Aurelian Resources Inc, Aurelian Resources Corporation Ltd, Aurelian Ecuador S.A. and Ecoaurelian Agricola S.A. The Company's Aurelian Ecuador S.A. holds the concessions underlying the Fruta del Norte Project.
Financial Overview
For the nine months ended 30 September 2019, Lundin Gold Inc revenues was not reported. Net loss totaled $78.2M vs. income of $1.4M. Net loss reflects Derivative gain (loss) decrease from $12.8M (income) to $58M (expense), Foreign exchange gain (loss) decrease from $2.1M (income) to $2.6M (expense), Training increase from $349K to $3.4M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.08 to -$0.35.
Reporting Currency: U.S. Dollars
Enterprise value: $1,969M as of Sep 30, 2019
Annual revenue (TTM): $0.00M as of Sep 30, 2019
EBITDA (TTM): -$36.45M as of Sep 30, 2019
Net annual income (TTM): -$135.25M as of Sep 30, 2019
Free cash flow (TTM): -$559.30M as of Sep 30, 2019
Net Debt Last Fiscal Year: $854.44M as of Sep 30, 2019
Shares outstanding: 223,229,102 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization