All-in sustaining costs (AISC) are forecast to be on the $820 to $930 per ounce range, down from a previously expected $860 to $930 per ounce span.
Lundin’s Fruta del Norte gold-silver mine in Ecuador, the company’s only mining operation and the South American’s nation largest, produced 111,890 ounces of gold in the three months ended June 30.
While production was not affected by a national strike in Ecuador, which ended at the end of June, blockades on some of the country’s major highways hindered gold shipments and sales planned for the month.
An estimated 16,000 ounces were delayed into July, which resulted in the deferral of some revenues from Q2 to Q3 2022, which affected the level of income from mining operations, earnings, and cash flow in Q2 2022.
Mine production was reduced slightly near the end of the quarter to allow the mill to process more tonnes and reduce the run of mine stockpiles, the company said. This…
