Lundin Gold hits record 1035g in Ecuador

AI desk brief

Lundin Gold’s latest drilling at Fruta del Norte in Ecuador adds to the case for extending mine life, with Bonza Sur delivering a standout 3.0m interval grading 204.26 g/t gold, including 60cm at 1,035.60 g/t, and Quebrada Dorada extending the mineralized trend to more than 8km. The company says the work is refining the geological model and supporting future underground access and resource growth around the existing operation.

The mine produced 238,736 oz in H1 2026 and already carries 5.85Moz of proven and probable reserves, so the immediate market read is incremental supply support rather than a near-term production shock. Shares were down 1% on the day, but the exploration success is constructive for longer-dated gold supply assumptions.