The mill processed roughly 346,561 tonnes at a median throughput price of three,808 tonnes per day, the common grade of ore milled was 11.08 grams per tonne, and common restoration was 88.2%.
President and CEO Ron Hochstein mentioned that, as soon as once more, the figures exceeded projected manufacturing.
“I’m very pleased with the outcomes achieved throughout this primary of half of 2021. Each the mine and mill are performing remarkably properly, and we’re firmly on observe to satisfy our 2021 steerage of 380,000 – 420,000 oz of gold produced,” he mentioned.
Lundin recently increased Fruta del Norte’s reserves by 8% to five.41 million ounces, on account of modifications within the deliberate mining methodology.
Based mostly on the brand new figures, it now expects to supply virtually 4.8 million ounces of gold at Fruta del Norte over a 14-year mine life.
The corporate acquired the mission in 2014 for $240 million from fellow Canadian miner Kinross Gold (TSX:Ok) (NYSE:KGC), which needed to halt operations after being unable to achieve an settlement with authorities relating to the phrases for creating the asset.
The underground gold and silver mine, found in 2006, accommodates six of Lundin’s 29 mining concessions in Ecuador and covers 70,000 hectares of land.
Positioned in southeastern Zamora Chinchipe province, the 70,000-hectare Fruta del Norte is taken into account one the biggest and highest-grade gold initiatives on this planet presently in manufacturing.