TSX:LUGMetals and Mining
Will Lundin Gold’s (TSX:LUG) Aggressive 2026 Outlook and Record Exploration Spend Shift Its Narrative?
Lundin Gold recently released its 2026 and multi-year outlook, targeting 475,000–525,000 ounces of gold production from its Fruta del Norte mine in Ecuador, alongside US$75–US$90 million of sustaining capital and plans to evaluate expanding mine and mill capacity beyond 5,500 tonnes per day.
The company also launched its largest-ever US$85 million exploration program, with 133,000 meters of drilling aimed at extending mine life and unlocking new growth options beyond its current production...