Lundin GOLD COVID-19 Response
885 West Georgia Street T +1 604 689 7842
Suite 2000 F +1 604 689 4250
Vancouver, BC [email protected]
Canada V6C 3E8 lundingold.com
NEWS RELEASE
LUNDIN GOLD COVID-19 RESPONSE
March 19, 2020 (Vancouver, Canada) Lundin Gold Inc. ("Lundin Gold" or the "Company")
(TSX: LUG, Nasdaq Stockholm : LUG) announced today that it is continuing to manage and
respond to the risks posed by COVID-19 in compliance with national health authority
requirements and recommendations. The health and safety of the Company’s employees are
paramount at this time.
While operations are continuing at the Company’s Fruta del Norte gold mine in Ecuador ,
Lundin Gold is closely monitoring the potential impact on its business of the spread of COVID-
19 in Ecuador and measures adopted by the Government of Ecuador (“GOE”) in response to
the virus. At this time, the GOE has exempted the mining industry, along with other strategic
sectors, from restrictions introduced on March 17, 2020 on in-country transportation and the
movement of goods and supply of services. The Company is working with key contractors to
secure the supply of critical goods to Fruta del Norte and to continue the export of concentrate
and doré.
Lundin Gold has closed access to Fruta del Norte to all non-essential contractors and visitors
and has implemented rigorous surveillance, monitoring and response plans to reduce the risk
of COVID-19 exposure and outbreak, including health screening of all workers and enhanced
disinfecting measures at site. The rotation of shift personnel has temporarily been suspended.
The Company has suspended construction of the Zamora River bridge near the town of Los
Encuentros and commissioning of the paste plant for the time being. There has been no
material impact on production or shipment of concentrate or doré from Fruta del Norte to date
as a result of COVID-19.
Lundin Gold continues to monitor and implement business continuity measures to mitigate and
minimize any potential impact of the global outbreak or restrictions imposed by the GOE that
may emerge on its operations, supply chain, commercial and financial activities. Lundin Gold
will continue to prioritize the well-being of its employees during these difficult times.
About Lundin Gold
Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold project in
southeast Ecuador. Fruta del Norte is among the largest and highest -grade gold projects in
the world, which is now in production.
The Company's board and management team have extensive expertise in mine operations
and are dedicated to advancing 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.
2
Additional Information
The information in this release is subject to the disclosure requirements of Lundin Gold under
the Swedish Financial Instruments Trading Act. This information was publicly communicated
on March 19, 2020 at 5:45 a.m. Pacific Time through the contact persons set out below.
For more information, please contact
Lundin Gold Inc.
Ron F. Hochstein
President and CEO
+593 2-299-6400
+1-604-806-3589
Lundin Gold Inc.
Sabina Srubiski
Manager, Investor Relations
+1-604-806-3089
www.lundingold.com
Follow Lundin Gold on Twitter
Caution Regarding Forward-Looking Information and Statements
Certain of the information and statements in this press release are considered "forward -looking
information" or "forward-looking statements" as those terms are defined under Canadian securities laws
(collectively referred to as "forward -looking statements" ). Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always, identified by words or phrases such
as "believes" , "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends",
"plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that
certain actions, events or results "may", "could", "would", " will", "should" "might", "will be taken", or
"occur" and similar expressions) are not statements of historical fact and may be forward -looking
statements.
By their nature, forward -looking statements and information involve assumptions, inherent risks and
uncertainties, many of which are difficult to predict, and are usually beyond the control of management,
that could cause actual results to be materially different from those expressed by these forward-looking
statements and information. Lundin Gold believes that the expectations reflected in this forward-looking
information are reasonable, but no assurance can be given that these expectations will prove to be
correct. Forward-looking information should not be unduly relied upon. This information speaks only as
of the date of this press release, and the Company will not necessarily update this information, unless
required to do so by securities laws.
3
This press release contains forward -looking information in a number of places, such as in statements
relating to the continuation of operations at Fruta del Norte and the Company’s ability to mitigate against
the potential impact of COVID -19 and restrictions imposed by the GOE . There can be no assurance
that such statements will prove to be accurate, as Lundin Gold's actual results and future events could
differ materially from those anticipated in this forward -looking information as a result of the factors
discussed in the "Risk Factors" section in Lundin Gold's Management Discussion and Analysis dated
February 20, 2020, which is available at www.lundingold.com or on SEDAR.
Lundin Gold's actual results could differ materially from those anticipated. Factors that could cause
actual results to differ materially from any forward-looking statement or that could have a material impact
on the Company or the trading price of its shares, include : community relations, operating risks,
production estimates, new mining operations, environm ental compliance, instability in Ecuador, gold
price, ability to maintain obligations or comply with debt, infrastructure, title matters and surface rights
and access, financing requirements, shortages of critical supplies, health and safety, government an d
regulatory approval, Mineral Reserve and Resource estimates, key talent recruitment and retention,
market price of the Company’s shares, control of Lundin Gold, tax regime in Ecuador, measures to
protect endangered species, non-compliance and compliance costs, exploration and development risks,
dependence on a single project, illegal mining, information systems and cyber security, insurance and
uninsured risks, reclamation obligations, violation of antibribery and corruption laws, climate change,
claims and legal proceedings, internal controls, security, availability of workforce and labour relations,
conflicts of interest, dividends and social media and reputation.