Lundin also plans to allocate $75–$85 million for total sustaining capital in 2025, including 15,000 meters of drilling under its resource conversion program.
“The commissioning of the plant expansion project is going well, which is expected to increase plant throughput to 5,000 tonnes per day and to improve gold recovery,” chief executive Ron Hochstein said in the statement.
The Vancouver-based miner highlighted several investments that have enhanced operations at Fruta del Norte. A new dispatch system and reconfigured mill have created opportunities to debottleneck processes and boost average throughput to 5,500 tonnes per day starting in 2026.
“By maximizing the potential of FDN through our operational excellence program to increase efficiencies and reduce costs, combined with a strong gold price environment, we are confident in our ability to continue generating meaningful free cash flow,” Hochstein…
