Lundin Gold CEO Ron Hochstein recently discussed potential criteria for his company to acquire another asset. He mentioned that an asset outside of Ecuador and at the development stage would be key considerations. Lundin Gold, which opened Ecuador’s Fruta del Norte mine in 2019, expects to produce between 450,000 – 485,000 ounces of gold in 2023. While Lundin Gold is currently a single-asset company, it is also open to potential acquisitions. Hochstein sees a development-stage asset as the most likely buying scenario, with the ability to bring it quickly through construction. Additionally, Lundin Gold plans to expand Fruta del Norte by increasing throughput and exploring for more opportunities in the region.
Lundin Gold CEO Ron Hochstein discussed potential criteria for the company to acquire another asset. Notably, he mentioned that an asset outside of Ecuador and at the development stage are important considerations. While Lundin Gold is currently focused on its Fruta del Norte mine in Ecuador, it is also open to potential acquisitions. Hochstein sees a development-stage asset as the most likely scenario for acquisition, with the ability to bring it through construction quickly. Lundin Gold is also planning to expand Fruta del Norte through increased throughput and exploration in the surrounding region.
Lundin Gold, led by CEO Ron Hochstein, is considering potential criteria for acquiring another asset. Hochstein mentioned that an asset outside of Ecuador and at the development stage would be key considerations. Currently, Lundin Gold operates the Fruta del Norte mine in Ecuador, which is expected to produce between 450,000 – 485,000 ounces of gold in 2023. While Lundin Gold is a single-asset company, it is open to potential acquisitions. Hochstein sees a development-stage asset as the most likely buying scenario, with the ability to expedite the construction process. Lundin Gold is also planning to expand its operations by increasing throughput at Fruta del Norte and exploring further opportunities in the region.
