← Back

Lundin Gold Inc.

Lundin Gold Inc. develops and operates mineral concessions in Ecuador through its subsidiaries. It explores for gold and silver and holds interests in 27 metallic mineral concessions and 3 construction material concessions covering approximately 65,000 hectares in Ecuador. The company also holds a 100% interest in the Fruta del Norte gold project, which comprises seven concessions covering approximately 5,566 hectares in the Cordillera del Cóndor region of southeast Ecuador. Formerly known as Fortress Minerals Corp., it changed its name to Lundin Gold Inc. in December 2014. Incorporated in 1986, the company is headquartered in Vancouver, Canada.

Country
Sector
Price · split & dividend adjusted
News & notes moving 0R4M.LSE
EcuadorCanada
0R4M.LSE▼

Lundin Gold Faces $154M Tax Assessment in Ecuador

Lundin Gold Inc. has received a notice of assessment from Ecuador's tax authority, the Servicio de Rentas Internas, regarding a sovereign adjustment for the 2023 fiscal year, proposing a total of $154 million, which includes $73 million payable plus $81 million in potential fines and penalties, excluding interest. The company, which operates the Fruta del Norte gold mine under an Exploitation Agreement and an Investment Protection Agreement with the Government of Ecuador, believes the assessment stems from a misinterpretation of the calculation methodology and plans to escalate the issue to protect its rights. Fruta del Norte continues to operate normally, and the assessment does not affect current operations, guidance, exploration plans, or the capital return strategy. President and CEO Jamie Beck expressed confidence in the company's interpretation and intends to resolve the matter through appropriate channels.
0R4M.LSE ▼
0R4M.LSE · Regulation · Negative Ecuador tax authority assesses $154M, including fines, over 2023 fiscal year.
Read original ↗
CNW·25dRead more →
CanadaUnited States
Critical Materials & Supply Chain▲

Canadian Stocks Set for Positive Open on Strong Jobs Data

Canadian stocks are poised for a positive open on Friday, buoyed by strong domestic and U.S. employment figures and firm precious metals prices. Statistics Canada reported that employment rose by 75,100 jobs in July, while the unemployment rate edged down to 6.4% from 6.5%. In the U.S., non-farm payrolls unexpectedly fell by 23,000 jobs, but the unemployment rate dipped to 4.1% from 4.2%. Canadian Natural Resources posted second-quarter net income of C$4.503 billion, or C$2.15 per share, up from C$2.459 billion a year earlier, while Lundin Gold reported net income of $219.87 million, or $0.91 per share, compared with $196.73 million in the prior-year quarter. Gold futures surged $73.30 to $4,372.90 an ounce, and silver futures gained $2.749 to $64.355 an ounce, though oil prices slipped amid renewed Middle East tensions after Houthi attacks on Saudi Arabia.
GOLD ▲SILVER ▲0R4M.LSE ▲CNQ ▲
Critical Materials & Supply Chain ▲
About megatrends
Critical Materials & Supply Chain › Precious Metals ▲Demand
GOLD · Demand · Positive Gold futures surged $73.30 to $4,372.90 an ounce, indicating strong demand.
SILVER · Demand · Positive Silver futures gained $2.749 to $64.355 an ounce, indicating strong demand.
0R4M.LSE · Capital · Positive Reported net income of $219.87 million, up from $196.73 million in prior-year quarter.
CNQ · Capital · Positive Reported Q2 net income of C$4.503 billion, up from C$2.459 billion a year earlier.
Read original ↗
RTTNews·58dRead more →
© 2026 MarketDXAsset