Lundin Gold Inc. (“Lundin Gold” or the “Company”) (TSX: LUG) (Nasdaq Stockholm: LUG) announces that the illegal blockade which had been impeding transport of supplies and concentrate from the Fruta del Norte gold mine (“FDN”) in Ecuador has been lifted.
Following the collapse of a public bridge over the Zamora River in Los Encuentros two weeks ago, a small number of local community members erected an illegal blockade on the public road leading to FDN. Although the Company had agreed to fund $3.0 million for the construction of a new public bridge, the blockade organizers attempted to capitalize on the bridge collapse. Following extensive efforts by the Company, a resolution was reached, and the blockade was lifted.
Throughout the 15-day blockade of a public road to FDN, operations continued. The Company is maintaining its 2020 guidance.
About Lundin Gold
Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the largest and highest-grade gold projects in the world currently in production.
The Company’s board and management team have extensive expertise in mine operations and are dedicated to advancing Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact. The Company believes that the value created through the development of Fruta del Norte will benefit its shareholders, the Government and the citizens of Ecuador.
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