After a couple of harassing management, I finally got the opportunity to visit the Fruta del Norte gold project in Ecuador this week to write a piece for Mining Journal, and what a great visit it was. The Lundin Gold team packed a lot into the two-day visit and made many of their managers across all the distinct functions available to the group of analysts on the visit. The degree of openness and transparency made for one of the best-executed visits that I have ever participated in.
Key takeaways are the positive corporate culture and empowering management that has enabled the company to achieve so much in just a couple of years, and that will drive forward the development into projection. The discovery of the deposit in the remote jungle near the frontier with Peru, is a testament to the geologist’s craft, whilst the development underlines how man can overcome obstacles to achieve great things.
FDN and the way it is being developed will open the door for other projects to advance into development in Ecuador in the same way that Continental Gold’s development of Buritica will in Colombia. Great projects being developed by sound management teams in companies that fully embrace the social development aspects that mining projects can underpin. Many thanks to Ron and his team.
It was also interesting to spend a couple of days with some of the brightest mining analysts in the industry and hear their general chit-chat about the industry, what they like and their pet hates when companies pitch to them. It seems that so many juniors get so many basic things wrong.
CGS is going gangbusters. We have sold out all the rooms in the Hotel San Fernando Plaza, the exhibition area has sold out and the entrance tickets are almost sold out too. I had a call with the National Mining Agency (ANM) this week and the ANM president Silvana Habib will set aside some time for one-on-one meetings during the event. I will be coordinating with the ANM and helping to arrange the meeting schedule for Silvana.
Less than a month to go now. Let’s have some beats.