|Bid||11.71 x 0|
|Ask||11.71 x 0|
|Day's Range||11.56 - 11.93|
|52 Week Range||5.02 - 13.49|
|Beta (5Y Monthly)||0.56|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Newcrest last year paid $250 million for a 27.1% stake in Lundin, which owns a high-potential gold mine project in Ecuador. Newcrest said it paid C$7.25 per share to acquire a further 4.9% stake in Lundin from Toronto-based Kinross Gold Corp.
Canadian miner Lundin Gold Inc inaugurated its Fruta del Norte gold mine in the Ecuadorean Amazon on Thursday, as market-friendly President Lenin Moreno seeks to attract mining investment to diversify the stagnant oil-dependent economy. The mine, whose proven reserves include some 4.8 million ounces of gold and 6.3 million ounces of silver, is expected to produce some 310,000 ounces of gold and 400,000 ounces of silver during its 15-year life span. Moreno, seeking to spur growth and close the OPEC member's fiscal deficit, has eliminated a windfall tax on miners to try to court investment from the sector.
The big shareholder groups in Lundin Gold Inc. (TSE:LUG) have power over the company. Institutions often own shares in...
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
The big shareholder groups in Lundin Gold Inc. (TSE:LUG) have power over the company. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time...