Lundin Gold to invest $100m in 2026 Ecuador exploration

From miningweekly.com

Canadian miner Lundin Gold is investing $100-million this year in an exploration campaign to extend the life of its Fruta del Norte mine in Ecuador as the price of gold remains high. The investment aims to bolster exploration efforts adding some 133 000 meters of drilling across concessions in the Amazonian province of Zamora Chinchipe, executives said this week, an area affected by illegal mining activities. Lundin wants to increase its existing reserves totaling 5.54-million ounces, and identify new deposits through a three-year project launched in 2025. "To extend the mine's life, we have seven drilling rigs ... (full story)