NYBob
2 years ago
Lundin Mining Announces Passing of Founder and Former Chairman Mr. Lukas H. Lundin
Lundin Mining Corporation (CNW Group/Lundin Mining Corporation)
NEWS PROVIDED BY
Lundin Mining Corporation
Jul 27, 2022, 11:30 ET
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TORONTO, July 27, 2022 /CNW/ - (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") regrets to announce that the Company´s founder and former Chairman, Mr. Lukas H. Lundin, passed away on July 26, 2022 at the age of 64, following a two-year battle with brain cancer.
Over the past 40 years, Lukas has been a driving force behind the tremendous successes of companies within the Lundin Group. Lukas started his career in the international energy and mining sectors in the early 1980s working side-by-side with his father, the late Mr. Adolf H. Lundin.
Lundin Mining Announces Passing of Founder and Former Chairman Mr.& Lukas& H.& Lundin (CNW Group/Lundin Mining Corporation)
Lundin Mining Announces Passing of Founder and Former Chairman Mr.& Lukas& H.& Lundin (CNW Group/Lundin Mining Corporation)
Under the leadership of Lukas and his brother Ian, and in close cooperation with the rest of the Lundin family, the Lundin Group has grown into an internationally recognized portfolio of energy and mining companies with operations spanning the globe. The eleven companies that comprise the Lundin Group today have a combined market capitalization in excess of USD 11 billion, directly employing more than 15,000 people and creating opportunities for tens of thousands more.
Lukas Lundin´s sons Harry, Adam, Jack and William in a joint statement say, "Our father is our biggest inspiration. His passion for the industries to which he devoted his life was unparalleled. Lukas saw people as the key to success and spent decades building some of the strongest management teams in our industries. He always strived to empower those working with him and continuously pushed us to aim higher. We could not have had a better father and mentor.
Our family is deeply saddened about Lukas' passing but takes comfort in the knowledge that his legacy will live on for generations to come. Having worked side-by-side with Lukas for many years, all of us look forward to continuing to build on the successes of the companies within the Lundin Group – with the support of our shareholders and other stakeholders, not least the members of the local communities where we operate. The companies in the Lundin Group stand stronger than ever and the Lundin family is united in our commitment to remain long term shareholders."
Lukas founded Lundin Mining together with his father in the mid-1990s and was a member of the Board of Directors and Chairman of the Company for more than 25 years until he stepped down in May 2022. In his role as Chairman, Lukas oversaw Lundin Mining's development from an exploration-stage company into a global mid-tier producer with a strong copper focus and a portfolio of world-class assets.
Lundin Mining's President and CEO, Peter Rockandel, commented "The many successes of Lundin Mining and the Lundin Group owe directly to Lukas' extraordinary strategic foresight, matched only by his relentless drive. His guidance and support for his colleagues will be deeply missed, however, his pursuit and vision of creating a world-class base metals company lives on. Lukas would say, 'Get the right people. Empower the people. And have good assets.' Those of us that worked closest with Lukas share in his approach and will continue to build upon his legacy."
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining company with operations and projects in Argentina, Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.
The information was submitted for publication on July 27, 2022, at 11:30 Eastern Time.
SOURCE Lundin Mining Corporation
For further information: Robert Eriksson, The Lundin Group of Companies, reriksson@rive6.ch, +46701112615
Organization Profile
Lundin Mining Corporation
Lundin Mining is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel. For more information, visit...
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NYBob
4 years ago
Lundin Gold Recommences Ecuador Gold Mine Operations Paul Pl
Lundin Gold Recommences Ecuador Gold Mine Operations
Paul Ploumis
By Paul Ploumis
ScrapMonster Author
The company forecasts the gold production from the mine to range between 150,000 to 170,000 ounces during the second half of the year.
Lundin Gold Recommences Ecuador Gold Mine Operations
SEATTLE (Scrap Monster): Lundin Gold Inc. announced that operations at its Frute del Norte gold mine in Ecuador has resumed.
According to company press release, the regular shipping of concentrate to the port will begin over the next few days. The current rate of processing of ore from stockpile is expected to ramp up from current levels of 2,800 tonnes per day to 3,500 tonnes per day over the next two months. The ore production is expected to ramp up over the next three months. The works on the South Ventillation Raise (SVR) is anticipated to be completed in Q4 2020, the progress of which is unlikely to impact 2020 production plan.
ALSO READ:
Lundin Gold Mine Produced 51,320 Ounces of Gold
Ecuador Restarts Halted Mining Operations
Ron Hochstein, President and CEO of Lundin Gold thanked the efforts and dedication of all its staff during the challenging times, which were critical in ensuring a safe restart of operations.
The company forecasts the gold production from the mine to range between 150,000 to 170,000 ounces during the second half of the year. The average mill production in H2 2020 is projected at 3,200 tonnes per day. The average gold recovery is expected to be approximately 85% during this period. The AISC is expected to range between $770 and $850 per ounce of gold sold. The total annual gold production is estimated to total around 200,000 and 220,000 ounces.
https://www.scrapmonster.com/news/-/1/75958
https://investorshub.advfn.com/Core-Gold-Inc-(fka-CGLDF)-33112/
https://investorshub.advfn.com/LUNDIN-GOLD-FTMNF-31153/
https://stockhouse.com/companies/bullboard?symbol=t.lug&postid=31228890
https://stockhouse.com/companies/bullboard?symbol=cgldf&source=bullboard
God Bless
NYBob
4 years ago
Lundin Gold Recommences Ecuador Gold Mine Operations
Paul Ploumis
By Paul Ploumis
ScrapMonster Author
The company forecasts the gold production from the mine to range between 150,000 to 170,000 ounces during the second half of the year.
Lundin Gold Recommences Ecuador Gold Mine Operations
SEATTLE (Scrap Monster): Lundin Gold Inc. announced that operations at its Frute del Norte gold mine in Ecuador has resumed.
According to company press release, the regular shipping of concentrate to the port will begin over the next few days. The current rate of processing of ore from stockpile is expected to ramp up from current levels of 2,800 tonnes per day to 3,500 tonnes per day over the next two months. The ore production is expected to ramp up over the next three months. The works on the South Ventillation Raise (SVR) is anticipated to be completed in Q4 2020, the progress of which is unlikely to impact 2020 production plan.
ALSO READ:
Lundin Gold Mine Produced 51,320 Ounces of Gold
Ecuador Restarts Halted Mining Operations
Ron Hochstein, President and CEO of Lundin Gold thanked the efforts and dedication of all its staff during the challenging times, which were critical in ensuring a safe restart of operations.
The company forecasts the gold production from the mine to range between 150,000 to 170,000 ounces during the second half of the year. The average mill production in H2 2020 is projected at 3,200 tonnes per day. The average gold recovery is expected to be approximately 85% during this period. The AISC is expected to range between $770 and $850 per ounce of gold sold. The total annual gold production is estimated to total around 200,000 and 220,000 ounces.
https://www.scrapmonster.com/news/-/1/75958
https://investorshub.advfn.com/Core-Gold-Inc-(fka-CGLDF)-33112/
https://investorshub.advfn.com/LUNDIN-GOLD-FTMNF-31153/
NYBob
4 years ago
Lundin Gold Inc. Announces C$50 Million Bought Deal Financing
https://www.investegate.co.uk/article.aspx?id=20200526123002H5873
Lundin Gold Inc. Announces C$50 Million Bought Deal Financing
VANCOUVER, British Columbia, May 26, 2020 (GLOBE NEWSWIRE) -- Lundin Gold Inc. ("Lundin Gold" or the "Company") (TSX: LUG, Nasdaq Stockholm: LUG) has announced today that it has entered into an agreement with BMO Capital Markets (“BMO”), under which BMO has agreed to buy on a bought deal basis 4,150,000 common shares (the “Common Shares”), at a price of C$12.05 per Common Share for gross proceeds of approximately C$50 million (the “Offering”). The Company has granted BMO an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The offering is expected to close on or about June 11, 2020 and is subject to Lundin Gold receiving all necessary regulatory approvals.
Newcrest Mining Limited, which currently holds approximately 32% of the Company’s issued and outstanding shares through a wholly-owned subsidiary, has exercised its pre-emptive participation rights in the Offering, along with Orion Mine Finance, which currently holds approximately 11% of the Company’s issued and outstanding shares. The Company expects that Zebra Holdings and Investments S.à.r.l, Lorito Holdings S.à.r.l and/or Nemesia S.à.r.l (the “Lundin Family Trusts”), which collectively hold approximately 27% of the Company’s issued and outstanding shares, will participate in the financing at their collective pro-rata shareholdings.
The net proceeds of the offering will be used to study increased throughput, future resource expansion, potential COVID-19 related costs and for general working capital purposes.
The Common Shares will be offered by way of a short form prospectus in all of the provinces and territories of Canada other than Quebec and may also be offered by way of private placement in the United States pursuant to exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended, and applicable U.S. state securities laws.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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 deposits in the world.
The Company's board and management team have extensive expertise in mine operations and are dedicated to operating 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 operation of Fruta del Norte will benefit its shareholders, the Government and the citizens of Ecuador.
Additional Information
The information in this release is subject to the disclosure requirements of Lundin Gold under the EU Market Abuse Regulation. This information was publicly communicated on May 26, 2020 at 4:25 a.m. Pacific Time through the contact persons set out below.
For more information, please contact
Lundin Gold Inc.
Ron F. Hochstein
President and CEO
+593 2-299-6400
+1-604-806-3589
Lundin Gold Inc.
Sabina Srubiski
Manager, Investor Relations
+1-604-806-3089
info@lundingold.com
www.lundingold.com
Follow Lundin Gold on Twitter
Lundin Gold Inc. Announces C$50 Million Bought Deal Financing
VANCOUVER, British Columbia, May 26, 2020 (GLOBE NEWSWIRE) -- Lundin Gold Inc. ("Lundin Gold" or the "Company") (TSX: LUG, Nasdaq Stockholm: LUG) has announced today that it has entered into an agreement with BMO Capital Markets (“BMO”), under which BMO has agreed to buy on a bought deal basis 4,150,000 common shares (the “Common Shares”), at a price of C$12.05 per Common Share for gross proceeds of approximately C$50 million (the “Offering”). The Company has granted BMO an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The offering is expected to close on or about June 11, 2020 and is subject to Lundin Gold receiving all necessary regulatory approvals.
Newcrest Mining Limited, which currently holds approximately 32% of the Company’s issued and outstanding shares through a wholly-owned subsidiary, has exercised its pre-emptive participation rights in the Offering, along with Orion Mine Finance, which currently holds approximately 11% of the Company’s issued and outstanding shares. The Company expects that Zebra Holdings and Investments S.à.r.l, Lorito Holdings S.à.r.l and/or Nemesia S.à.r.l (the “Lundin Family Trusts”), which collectively hold approximately 27% of the Company’s issued and outstanding shares, will participate in the financing at their collective pro-rata shareholdings.
The net proceeds of the offering will be used to study increased throughput, future resource expansion, potential COVID-19 related costs and for general working capital purposes.
The Common Shares will be offered by way of a short form prospectus in all of the provinces and territories of Canada other than Quebec and may also be offered by way of private placement in the United States pursuant to exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended, and applicable U.S. state securities laws.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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 deposits in the world.
The Company's board and management team have extensive expertise in mine operations and are dedicated to operating 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 operation of Fruta del Norte will benefit its shareholders, the Government and the citizens of Ecuador.
Additional Information
The information in this release is subject to the disclosure requirements of Lundin Gold under the EU Market Abuse Regulation. This information was publicly communicated on May 26, 2020 at 4:25 a.m. Pacific Time through the contact persons set out below.
For more information, please contact
Lundin Gold Inc.
Ron F. Hochstein
President and CEO
+593 2-299-6400
+1-604-806-3589
Lundin Gold Inc.
Sabina Srubiski
Manager, Investor Relations
+1-604-806-3089
info@lundingold.com
www.lundingold.com
Follow Lundin Gold on Twitter
NYBob
4 years ago
RE:CORE GOLD INCORPORATED - SHAREHOLDERS WHO DO NOT WISH TO TEN
Rick Rule Fireside Chat with Lundin Group Executives
8,443 views •Jan 30, 2020
https://www.youtube.com/watch?v=GRkzH3hLBdo
Cambridge House International Inc.
63K subscribers
Moderator Rick Rule has dedicated his entire adult life to many aspects of natural resource securities investing. In addition to the knowledge and experience gained in a long and focused career, he has a worldwide network of contacts in the natural resource and finance worlds. As Director, President, and CEO of Sprott US Holdings, Inc., Mr. Rule leads a highly skilled team of earth science and finance professionals who enjoy a worldwide reputation for resource investment management. Panelists: Ron Hochstein - CEO & Director, Lundin Gold Corp. Adam Lundin - President, CEO & Director, Josemaria Resources Inc. Jamie Beck - President, Filo Mining Corp. David Cates - President & CEO, Denison Mines Corp. Join us at an upcoming event! http://www.cambridgehouse.com Be part of our investment community: http://www.cambridgehouse.com/ https://twitter.com/cambridge https://www.facebook.com/cambridgehou...https://www.linkedin.com/company/camb...
https://www.youtube.com/watch?v=GRkzH3hLBdo
CORE GOLD INCORPORATED - SHAREHOLDERS WHO DO NOT WISH TO TENDER
THEIR SHARES TO THIS OFFER NEED NOT SUBMIT INSTRUCTIONS -
RE:
https://stockhouse.com/companies/bullboard?symbol=v.cgld&postid=30661139
https://stockhouse.com/news/press-releases/2020/01/27/titan-minerals-receives-overwhelming-support-for-takeover-of-core-gold-more
RE: Corporate Action Notice -
BTW.
I DO NOT WISH TO TENDER AND WILL KEEP WHAT I HAVE -
TIA
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
4 years ago
Lundin Gold CEO Looking for Acquisitions, and Open to a Takeover -
Danielle Bochove, Bloomberg News
(Bloomberg) -- With its first commercial production around the corner, Lundin Gold Inc. is looking at options to grow -- including acquisitions.
The company’s only asset, Fruta del Norte in Ecuador, will reach commercial production in the second quarter, Chief Executive Officer Ron Hochstein said Thursday in an interview at Bloomberg’s Toronto office. The low-cost mine is expected to produce more than 300,000 ounces of gold this year, and average 325,000 ounces over its expected 14-year mine life.
https://www.bnnbloomberg.ca/lundin-gold-ceo-looking-for-acquisitions-and-open-to-a-takeover-1.1379022
The company’s largest shareholder, Melbourne-based Newcrest Mining Ltd., is supportive of a potential acquisition, as is the Lundin family, also a major owner, Hochstein said. “The challenge for us is going to be finding something that’s accretive for our shareholders.”
Lundin Gold has marked out a “concentric circle” of geographic targets in which a “bulls-eye” would be a pure-play gold asset in Latin America, outside Ecuador. Beyond that, the Vancouver-based miner would look at the rest of the Americas and then the world, excluding Russia, China and the “Stans.” Meanwhile, it will focus on organic growth through additional land holdings in Ecuador, he said.
Funding an acquisition would likely not be difficult, he said, noting that the company works with seven banks and also has private equity investment through Orion Mine Finance. “Everyone seems very happy and I think if we were to do something, we’ve got the resources,” Hochstein said. “If it’s right and it’s accretive, we’ll spend what we have to spend to get it.”
Asked about the potential that Lundin Gold could be a takeover target, given a wave of M&A in the sector, Hochstein said the company would welcome a buyer if the price was good.
“That’s partly why a lot of investors invest with the Lundins; because they know if the value is right for the family, they sell,” he said. “There’s no sacred cows.”
Newcrest would be the most logical buyer, he confirmed. “But the family’s going to have to be happy with the price. We can’t have the thing where Newcrest could just continue to creep and kind of own it, and the next thing you know we’re a subsidiary of Newcrest.”
Newcrest recently increased its holdings in Lundin to 32%, while companies associated with the Lundin Family Trust also increased their stake.
Newcrest couldn’t immediately be reached for comment.
To contact the reporter on this story: Danielle Bochove in Toronto at dbochove1@bloomberg.net
To contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Steven Frank, Joe Richter
2020 Bloomberg L.P.
https://www.bnnbloomberg.ca/lundin-gold-ceo-looking-for-acquisitions-and-open-to-a-takeover-1.1379022
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Happy New Year2020
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NYBob
4 years ago
Newcrest ups stake in Lundin Gold to 32%
Jackson Chen | December 6, 2019 | 10:26 am Top Companies Australia Canada Gold
Lundin Gold to step up exploration in Ecuador thanks to $38m financing
Fruta del Norte, discovered in 2006, is one of the world’s biggest recent gold findings. (Image courtesy of Lundin Gold)
Newcrest Mining (ASX: NCM) has raised its stake in Canadian miner Lundin Gold from 27% to 32% with an additional C$79.6 million ($59.9 million) investment.
Newcrest announced Friday that it has acquired approximately 10.98 million shares in Lundin from Canada’s Kinross Gold at C$7.25 per share, representing a 4.2% discount to last day’s trading price.
Earlier this week, Kinross agreed to sell its remaining 9.2% stake in Lundin, which owns the Fruta del Norte gold-silver project in Ecuador, in a deal valued at roughly C$150 million ($114m). Lundin Family Trust, the other major investor that participated in the Lundin share purchase, increased its stake from 23% to 27%.
“This was a great opportunity to increase our exposure to Fruta del Norte, a tier one asset, which is expected to commence commercial production in the June 2020 quarter,” Newcrest MD and CEO Sandeep Biswas said.
Newcrest is also heavily invested in SolGold, another Ecuador-focused company. Until last week, it was SolGold’s largest shareholder until BHP further increase its stake in the Australian miner.
The Fruta del Norte mine is expected to produce 315,000 oz gold per year over a 14-year mine life at an all-in sustaining cost of $623/oz.
https://www.mining.com/newcrest-mining-ups-stake-in-lundin-gold-to-32/
God Bless
Bitfury
8 years ago
Lorito Holdings S.à.r.l. ("Lorito") and Zebra Holdings and Investments S.à.r.l ("Zebra") 40, Boulevard Grande Duchesse Charlotte, L-1330 Luxembourg, two companies controlled by a trust settled by the late Adolf H. Lundin, announced today that they had participated in an offering (bought deal financing) announced by Lundin Gold Inc. (TSX:LUG) ("Lundin Gold") on June 27th, 2016 pursuant to which each had acquired 2'000'000 common shares of Lundin Gold for a consideration of CDN$5.50 per common share. Upon completion of these acquisitions, Lorito and Zebra will hold 5'009'167 and 30'653'600 common shares respectively of Lundin Gold representing approximately 4.23 % and 25.86 % respectively of the issued capital of Lundin Gold. The common shares were acquired in the second tranche of the bought deal financing which closed on August 9th, 2016.
Lorito and Zebra are joint actors with respect to their holdings in Lundin Gold and have acquired the common shares for investment purposes. Each of Lorito and Zebra may from time to time increase or decrease their investment in Lundin Gold depending upon the business and prospects of Lundin Gold and depending upon future market conditions.
A copy of the Early Warning Report filed pursuant to National Instrument 62-103 may be obtained from Sandy Kansky, 1-604-806-3574.
Mr. Aksel Azrac
Lorito Holdings S.a.r.l.
Zebra Holdings and Investments S.a.r.l.
40, Boulevard Grande Duchesse Charlotte
L-1330 Luxembourg
Telephone: + 352 26 30 27 70 / Fax: + 352 27 44 93 80
® 2016 Nasdaq, Inc. All rights reserved.
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Renee
2 years ago
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