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Lundin Gold's Fruta Del Norte is one of the largest and highest-grade gold jobs presently in manufacturing, and also perhaps there is a 2nd down the road from the first, stated CEO Ron Hochstein.
On Friday Lundin Gold's (TSX: LUG) Hochstein videotaped Kitco Roundtable podcast with correspondent Paul Harris, Mining Audiences Supervisor Michael McCrae and editor Neils Christensen.
Opened in 2015, the 340,000 ounce each year golden goose is seeing some stopes grading 30-40 grams per tonne of gold, claimed Hochstein. The all-in maintaining price is $770 – $830 per ounce. Gotten in 2014, the task featured a huge land bundle, which the business is actively checking out. Hochstein stated there are two drills transforming at a job called Barbasco.
" Steve Leary, that was the expedition supervisor at Aurelian Resources when they found Fruta Del Norte, really feels that the [job] has all the signatures of another Fruta Del Norte, as well as it's simply 7 kilometers away," claimed Hochstein.
The panelists additionally went over document copper prices. On Monday, copper hit all-time high of $10,747.50. Copper has actually remained over $10,000 degree throughout the week. However copper did hideaway and also was down 1.1% for the week. The other news of the week was Filo Mining, which reported 858m at 1.80% copper equivalent and likewise a brand-new state-of-the-art feeder area exploration at Filo Del Sol task in San Juan province, Argentina.
The excellent opening sent the company up 66% for the week to close at $7.57 a share on Friday.
3:22 Rising cost of living and also gold
15:29 Record-high copper rates
16:25 Filo Mining's excellent drill opening
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All the signatures of another Fruta Del Norte
Lundin Gold's Fruta Del Norte is one of the largest and highest-grade gold projects currently in production, and maybe there is a second down the road from the first, said CEO Ron Hochstein.
On Friday Lundin Gold's (TSX:LUG) Hochstein recorded Kitco Roundtable podcast with correspondent Paul Harris, Mining Audiences Manager Michael McCrae and editor Neils Christensen.
Opened last year, the 340,000 ounce per year gold mine is seeing some stopes grading 30-40 grams per tonne of gold, said Hochstein. The all-in sustaining cost is $770 - $830 per ounce. Acquired in 2014, the project came with a large land package, which the company is actively exploring. Hochstein said there are two drills turning at a project called Barbasco.
"Steve Leary, who was the exploration manager at Aurelian Resources when they discovered Fruta Del Norte, feels that the [project] has all the signatures of another Fruta Del Norte, and it's just seven kilometers away," said Hochstein.
The panelists also discussed record copper prices. On Monday, copper hit all-time high of $10,747.50. Copper has stayed above $10,000 level throughout the week. But copper did retreat and was down 1.1% for the week. The other news of the week was Filo Mining, which reported 858m at 1.80% copper equivalent and also a new high-grade feeder zone discovery at Filo Del Sol project in San Juan province, Argentina.
The good hole sent the company up 66% for the week to close at $7.57 a share on Friday.
3:22 Inflation and gold
15:29 Record-high copper prices
16:25 Filo Mining's great drill hole
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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