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United States

Lundin Gold Inc (LUG.TO)

LUG.TO on Toronto Stock Exchange

4.95CAD
18 Oct 2018
Change (% chg)

$-0.04 (-0.80%)
Prev Close
$4.99
Open
$5.00
Day's High
$5.03
Day's Low
$4.93
Volume
60,815
Avg. Vol
42,932
52-wk High
$5.52
52-wk Low
$4.07

Latest Key Developments (Source: Significant Developments)

Lundin Gold Lowers Cost Estimate For Fruta Del Norte Gold Project
Wednesday, 19 Sep 2018 08:00am EDT 

Sept 19 (Reuters) - Lundin Gold Inc ::LUNDIN GOLD RECONFIRMS PROJECT SCHEDULE AND LOWERS ALL-IN SUSTAINING COST ESTIMATE TO US$583 PER OUNCE FOR ITS FRUTA DEL NORTE GOLD PROJECT.LUNDIN - RECONFIRMED CONSTRUCTION SCHEDULE WITH FIRST MINE PRODUCTION PLANNED IN Q2 2019 FOR FRUTA DEL NORTE GOLD PROJECT.LUNDIN - RECONFIRMED FIRST GOLD PRODUCTION PLANNED IN Q4 2019 FOR FRUTA DEL NORTE GOLD PROJECT.LUNDIN GOLD - REVISED PRE-PRODUCTION CAPITAL COST IS NOW ESTIMATED TO BE $692 MILLION FOR FRUTA DEL NORTE GOLD PROJECT.  Full Article

Zijin will make take-over bid to buy all of issued and outstanding shares of Nevsun
Wednesday, 5 Sep 2018 04:33am EDT 

Sept 5 (Reuters) - Nevsun Resources Ltd ::FRIENDLY ALL-CASH AGREEMENT FOR NEVSUN TO BE ACQUIRED BY ZIJIN MINING FOR US$1.41 BILLION.ZIJIN MINING GROUP TO MAKE TAKE-OVER BID TO ACQUIRE ALL OF ISSUED AND OUTSTANDING SHARES OF NEVSUN FOR C$6.00 PER SHARE IN CASH.BOARD DETERMINED THAT OFFER IS FAIR TO NEVSUN SHAREHOLDERS AND IN BEST INTERESTS OF NEVSUN.OFFER DETAILS WILL BE INCLUDED IN TAKE-OVER BID CIRCULAR ZIJIN WILL FILE AND MAIL TO NEVSUN SHAREHOLDERS IN COMING DAYS, BUT NO LATER THAN SEPT 18.NEVSUN RESOURCES-TERMINATION PAYMENT OF US$50 MILLION WILL BE PAYABLE BY ZIJIN TO CO IN CERTAIN CIRCUMSTANCES, INCLUDING FAILURE TO OBTAIN NECESSARY APPROVALS.NEVSUN'S BOARD OF DIRECTORS CONTINUES TO RECOMMEND THAT NEVSUN SHAREHOLDERS REJECT HOSTILE TAKE-OVER BID LAUNCHED BY LUNDIN ON JULY 26.TERMINATION PAYMENT OF US$50 MLN WILL BE PAYABLE BY ZIJIN TO CO IN CERTAIN CIRCUMSTANCES, INCLUDING FAILURE TO GET APPROVALS FROM AUTHORITIES IN CHINA.  Full Article

Orion Mine Finance Announces Equity Investment Of 24.2 Mln Shares In Lundin Gold
Monday, 26 Feb 2018 12:54pm EST 

Feb 26 (Reuters) - Orion Mine Finance::ORION MINE FINANCE ANNOUNCES EQUITY INVESTMENT IN LUNDIN GOLD INC..ORION MINE FINANCE - ‍UNDER TERMS OF SUBSCRIPTION AGREEMENT, ORION WILL HAVE RIGHT TO APPOINT 1 MEMBER TO LUNDIN'S BOARD.‍ORION MINE FINANCE - ENTERED INTO SUBSCRIPTION DEAL TO PURCHASE 24.2 MILLION NEWLY ISSUED SHARES OF LUNDIN GOLD AT PRICE OF $4.13 PER SHARE ​.ORION MINE FINANCE - ACQUIRED COMMON SHARES OF LUNDIN FOR INVESTMENT PURPOSES​.ORION MINE FINANCE SAYS ORION WILL NOW BENEFICIALLY OWN OR CONTROL SHARES REPRESENTING ABOUT 11.4% OF LUNDIN GOLD'S ISSUED AND OUTSTANDING SHARES.  Full Article

Zebra Holdings And Lorito Agree To Acquire Shares Of Lundin Gold
Monday, 26 Feb 2018 08:43am EST 

Feb 26 (Reuters) - Lundin Gold Inc ::ZEBRA HOLDINGS AND INVESTMENTS S.À.R.L. AND LORITO HOLDINGS S.À.R.L. AGREE TO ACQUIRE SHARES OF LUNDIN GOLD INC..‍ZEBRA HOLDINGS AND INVESTMENTS S.À.R.L. SAYS HAS AGREED TO ACQUIRE 8.1 MILLION COMMON SHARES OF LUNDIN GOLD AT US$4.33 PER COMMON SHARE​.ZEBRA HOLDINGS AND INVESTMENTS S.À.R.L. - ‍LORITO HOLDINGS AGREED TO ACQUIRE 3.5 MILLION COMMON SHARES OF LUNDIN GOLD, AT US$4.33 PER COMMON SHARE ​.ZEBRA HOLDINGS AND INVESTMENTS S.À.R.L. SAYS CO & LORITO COLLECTIVELY WILL OWN AGGREGATE OF 47.5 MILLION (22.27 PERCENT) OF ISSUED SHARES OF LUNDIN GOLD​.ZEBRA HOLDINGS AND INVESTMENTS S.À.R.L.-CO, LORITO, PURSUANT TO PRIVATE PLACEMENT OF 93.5 MILLION COMMON SHARES BY LUNDIN GOLD, AGREED TO ACQUIRE SHARES.  Full Article

‍Lundin Gold Draws $40 Mln Under Gold Prepay Facility
Wednesday, 6 Dec 2017 11:06pm EST 

Dec 6 (Reuters) - Lundin Gold Inc ::‍LUNDIN GOLD DRAWS US$40 MILLION UNDER GOLD PREPAY FACILITY AS IT CONTINUES TO ADVANCE FRUTA DEL NORTE​.LUNDIN GOLD - ‍DRAWN AN ADDITIONAL US$40 MILLION UNDER GOLD PREPAY CREDIT FACILITY WITH ORION MINE FINANCE GROUP AND BLACKSTONE TACTICAL OPPORTUNITIES​.‍FUNDS WILL BE USED TO SUPPORT ONGOING DEVELOPMENT OF FRUTA DEL NORTE GOLD PROJECT IN ECUADOR​.  Full Article

Lundin Gold qtrly basic, diluted loss per share $0.13‍​
Tuesday, 7 Nov 2017 05:30pm EST 

Nov 7 (Reuters) - Lundin Gold Inc ::Lundin Gold Inc. Reports third quarter 2017 results.Lundin Gold Inc - qtrly basic and diluted loss per share $0.13‍​.  Full Article

Lundin Gold qtrly loss per share $0.13​
Tuesday, 7 Nov 2017 05:30pm EST 

Nov 7 (Reuters) - Lundin Gold Inc ::Lundin Gold Inc. Reports third quarter 2017 results.Lundin Gold Inc - qtrly loss per share $0.13​.  Full Article

Lundin Gold Q2 earnings per share $0.01
Wednesday, 9 Aug 2017 05:30pm EDT 

Aug 9 (Reuters) - Lundin Gold Inc ::Lundin Gold Inc reports Q2 2017 results.Qtrly earnings per share $0.01.  Full Article

Lundin Gold draws $150 mln under project financing package
Tuesday, 13 Jun 2017 01:00pm EDT 

June 13 (Reuters) - Lundin Gold Inc ::Lundin Gold draws $150 million under project financing package.Financing comprised of gold prepay credit facility for $150 million, stream loan credit facility of $150 million.Financing also comprised of an offtake agreement, and committed participation of $100 to $150 million to future equity financings.Has received $75 million from each credit facility, remaining $75 million available to be drawn at option of Lundin Gold up to end of June 2018.  Full Article

Lundin Gold announces $400-$450 mln project financing package for Fruta Del Norte
Tuesday, 30 May 2017 08:00am EDT 

May 30 (Reuters) - Lundin Gold Inc :Lundin Gold announces $400-$450 million project financing package for Fruta Del Norte.Lundin Gold Inc - Project finance package of $400 to $450 million with Orion Mine Finance Group and Blackstone Tactical Opportunities.Lundin Gold- Financing provides foundation for development of co's Fruta Del Norte project and shows growing support for mining investment in Ecuador.Lundin Gold Inc - Orion and Blackstone have also been granted right to purchase 50% of Fruta Del Norte gold production, up to a maximum of 2.5 million oz..Lundin Gold Inc - Company also announces extension of maturity date from May 31, 2017 to June 30, 2017, of short-term credit facility with zebra holdings and investments S.À.R.L..  Full Article

BRIEF-Lundin Gold Says Lundin Family Trusts Collectively Hold 22.3 Pct Of Co's Shares

* LUNDIN GOLD - LORITO HAS TRANSFERRED 8.5 MILLION COMMON SHARES AND ZEBRA HAS TRANSFERRED 1.2 MILLION COMMON SHARES OF LUNDIN GOLD TO NEMESIA S.À.R.L.