Lorito Holdings S.à.r.l., a 10% Holder, acquired 900,000 Common Shares on a direct ownership basis at a price of $12.250 on December 13th, 2022. This represents a $11,025,000 investment into the company's shares and an account share holdings change of greater than 100%.
Lundin Gold is in the Gold Sub Industry Group under the Basic Materials Sector.
Lundin Gold Inc. is a Canada-based mining company. The Company owns approximately 27 metallic mineral concessions and three construction material concessions covering an area of approximately 64,270 hectares in southeast Ecuador, including the Fruta del Norte gold mine (Fruta del Norte). The Company, through its subsidiaries, is focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. Fruta del Norte is an underground mine, producing gold concentrate and dore. Fruta del Norte is comprised of seven concessions covering an area of approximately 5,566 hectares and is located approximately 140 kilometers (km) east-northeast of the City of Loja. The Fruta del Norte's mineralogy consists of chalcedonic to crystalline quartz, manganese carbonates, calcite, adularia, barite, marcasite, and pyrite, as well as subordinate sphalerite, galena, chalcopyrite, traces of tetrahedrite and silver sulphosalts.
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