Blockade at Fruta del Norte lifted

Throughout the 15-day blockade, operations continued. Lundin is maintaining its 2020 guidance.

The collapsed bridge near the town of Los Encuentros. (Image courtesy of the Zamora Chinchipe government).

The company announced that it will be footing the $2.5 million bill for the bridge replacement.

Fruta del Norte is Ecuador’s largest gold-silver mine. Lundin officially opened it in November 2019, and the first doré bar was produced on November 16. Production kicked off just two days later.

The operation is expected to produce 4.6 million ounces of gold over a 15-year mine life.

The company’s stock on the TSE traded up 2% midday Monday. Lundin’s market value is C$6 billion.

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