Lundin Gold Provides Update on Impact of Civil Unrest on Its Fruta del Norte Gold Project

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Overig advies 14/10/2019 16:08
VANCOUVER, Oct. 13, 2019 /CNW/ - Lundin Gold Inc. ("Lundin Gold" or the "Company") (TSX: LUG, Nasdaq Stockholm: LUG) reports that the ongoing civil unrest in Ecuador has started to have an impact on the activities on its Fruta del Norte gold project ("Fruta del Norte" or the "Project"). As a result, the Company has curtailed some activities in certain areas of the Project. View PDF Version.

The ongoing road blockades, which erupted in the country on October 3, 2019, have prevented the movement of key supplies and personnel to and from Fruta del Norte. In an effort to mitigate the impact of this disruption, the Company has temporarily ceased or reduced activities related to mining, earthworks and commissioning of the process plant. The powerline connecting the Project to the national grid has been energized, thus alleviating the demand for fuel for power generation.

At this time, Lundin Gold does not foresee an impact on its goal of first gold production this quarter and work related to the outstanding permits continues.

The Company continues to monitor the situation to ensure the safety of its personnel and security of the Project and stands ready to re-establish full operations as soon as the road blockades are lifted.



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