Lundin Gold Inc. has reported 4Q22 gold production of 121 139 oz from its Fruta del Norte gold mine in southeast Ecuador, resulting in total gold production of 476 329 oz for the year, exceeding the high end of the company's 2022 guidance of 460 000 oz. Of the total quarterly gold production, 78 756 oz were produced as a concentrate and 42 383 oz as doré. During the same quarter in 2021, the company produced 107 915 oz of gold.
In 4Q22, the mill processed approximately 420 838 t at an average throughput rate of 4574 tpd, the average grade of ore milled was 10 g/t, and average recovery was 89.6%.
Ron Hochstein, President and CEO commented:
"I am extremely happy to announce that for the second year running, Lundin Gold has beaten its production guidance. We continue to push the boundaries of what Fruta del Norte is capable of, and noteworthy improvements have been made across the board as compared to last year. Our average throughput of 4574 tpd this fourth quarter is proof that there is a lot more we can get out of Fruta del Norte, and I'm particularly excited to continue building on our successes in 2023."