VANCOUVER, BC, July 27,
2022 /CNW/ - Lundin Gold Inc. (TSX: LUG)
(Nasdaq Stockholm: LUG) ("Lundin Gold" or the
"Company") regrets to announce that the Company's founder
and former Chairman, Mr. Lukas H.
Lundin, passed away in Geneva,
Switzerland on July 26, 2022
at the age of 64, following a 2-year battle with brain cancer. PDF
Over the past 40 years, Lukas has been an instrumental driving
force behind the tremendous successes of The Lundin Group of
Companies, including Lundin Gold.
Lukas started his career in the international energy and mining
sectors in the early 1980s working side-by-side with his father,
the late Adolf H. Lundin.
Under the leadership of Lukas and his brother Ian, and in close
cooperation with the rest of the Lundin family, The Lundin Group of
Companies has grown into an internationally recognized group of
energy and mining companies with operations around the globe,
employing more than 15,000 people and creating opportunities for
tens of thousands more.
The 11 companies that make up The Lundin Group of Companies
today have a combined market capitalization in excess of
USD 11 billion.
Lukas Lundin founded Lundin Gold in 2014 and was Chairman of the
Board of Directors until he stepped down in May 2022. In his role as Chairman, Mr. Lundin
oversaw the development of Lundin
Gold's Fruta del Norte gold mine in Ecuador and the successful establishment of
the Company as a significant gold producer with strong cash flows
and a focus on responsible mining.
Lukas Lundin's sons Harry, Adam,
Jack and William say in a joint statement: "Our father is our
biggest inspiration. His passion for the industries to which he
devoted his life was unparalleled. Lukas saw people as the key to
success and spent decades building some of the strongest management
teams in our industries. He always strived to empower those working
with him and continuously pushed us to aim higher. We could not
have had a better father and mentor. Our family is deeply saddened
about Lukas' passing but takes comfort in the knowledge that his
legacy will live on for generations to come. Having worked
side-by-side with Lukas for many years, all of us look forward to
continuing to build on the successes of the companies within the
Lundin Group - with the support of our shareholders and other
stakeholders, not least the members of the local communities where
we operate. The companies in the Lundin Group stand stronger than
ever and the Lundin family is united in our commitment to remain
long term shareholders".
Lundin Gold's President and CEO,
Ron Hochstein, comments:
"Lundin Gold is the epitome of
the fundamental principles of Lukas' and the Lundin Group's
success. It was his keen view of a great asset in Fruta del Norte
and the sense of timing to go to Ecuador, a country that many had deemed high
risk and unworkable, that led to Lundin
Gold. Through Lukas' vision and perseverance, the
construction and operation of Fruta del Norte has changed thousands
of lives in Zamora Chinchipe and changed Ecuador to be a new frontier for the
responsible mining sector."
About Lundin Gold
Lundin Gold, headquartered in
Vancouver, Canada, owns the Fruta
del Norte gold mine in southeast Ecuador. Fruta del Norte is among the
highest-grade operating gold mines in the world.
The Company's board and management team have extensive expertise
in mine operations and are dedicated to operating Fruta del Norte
responsibly. The Company operates with transparency and in
accordance with international best practices. Lundin Gold is committed to delivering value to
its shareholders, while simultaneously providing economic and
social benefits to impacted communities, fostering a healthy and
safe workplace and minimizing the environmental impact. The Company
believes that the value created through the development of Fruta
del Norte will benefit its shareholders, the Government and the
citizens of Ecuador.
This information was publicly communicated on July 27, 2022 at 8:30 p.m.
Pacific Time through the contact persons set out below.
SOURCE Lundin Gold Inc.