Lundin Gold Inc traded at 87.98 this Friday October 2nd, increasing 1.29 or 1.49 percent since the previous trading session. Looking back, over the last four weeks, Lundin Gold gained 13.39 percent. Over the last 12 months, its price fell by 3.62 percent. Looking ahead, we forecast Lundin Gold Inc to be priced at 85.98 by the end of this quarter and at 80.26 in one year, according to Trading Economics global macro models projections and analysts expectations.
Lundin Gold Inc. is a Canada-based mining company. The Company owns the Fruta del Norte gold mine in southeast Ecuador and a large exploration land package that hosts the Fruta del Norte deposit at its northern edge. The deposit is hosted in the La Zarza concession, located in the 38 square kilometers (km2) Suarez Pull-Apart Basin. Fruta del Norte deposit is located within a 150 kilometers (km) long copper-gold metallogenic sub-province in the Cordillera del Condor region in southeastern Ecuador. The Company’s properties in Southeast Ecuador consists of over 28 metallic mineral concessions and three construction materials concessions covering an area of approximately 64,454 hectares. From this, Fruta del Norte is comprised of seven concessions covering an area of approximately 5,566 hectares and is located approximately 142 km east-northeast of the City of Loja in southeastern Ecuador. Fruta del Norte deposit is an intermediate sulphidation epithermal gold-silver deposit.