Asset Report

Fruta Del Norte gold mine project

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Based on the June 2016 Technical Report, Lundin Gold was expected to develop an underground mine and a 3.5kt/d ore processing gold plant with production starting by January 2020 and ending by 2033. The initial capital investment is estimated at US$668.7 million (2016$). Average annual gold production was expected to be around 415koz. By Mid 2019 the project was being developed under schedule. To August 2019 the construction had advanced to 78% complete. The commissioning stage was expected for November 2019 and commercial production was expected for Q2 2020. Our analysis estimates production from January 2020.

Table of contents

  • Summary
  • Key issues
  • Power
  • Water
  • CAPEX
  • Operating
  • Mining
  • Processing
  • Royalties and taxes
  • Permitting
  • Community relations
  • Environmental reclamation

Tables and charts

This report includes 1 images and tables including:

  • Detailed map

What's included

This report contains:

  • Document

    Fruta Del Norte Project gold mine

    XLS 121.50 KB

  • Document

    Fruta Del Norte gold mine project

    PDF 1.23 MB