Lundin GOLD WINS Second United Nations Global Compact Award FOR Its Sustainable Development Best Practices
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 WINS SECOND UNITED NATIONS GLOBAL
COMPACT AWARD FOR ITS SUSTAINABLE DEVELOPMENT BEST
PRACTICES
November 19, 201 9 (Vancouver, Canada) Lundin Gold Inc . ("Lundin Gold" or the
"Company") (TSX: LUG, Nasdaq Stockholm: LUG) is pleased to announce that it has won an
award from the United Nations Global Compact Canada (“Global Compact Canada”) and was
recognized at the United Nation Sustainable Development Goals (“SDGs”) Leadership Awards
held in Toronto on November 14th. This award highlights the work the Company has
undertaken jointly with the Lundin Foundation to implement educational and training strategies,
together with our efforts to develop a network of local suppliers in the Zamora Chinchipe
province in Ecuador, where the Fruta del Norte gold project (“Fruta del Norte”) is located.
“Being recognized for our efforts in education, training and local procurement by Global
Compact Canada is an honour and emphasizes our belief that mining can be a catalyst for
sustainable development,” said Ron Hochstein, President and CEO of Lundin Gold. “Lundin
Gold is demonstrating how significant the multiplier effect from mining projects can be as our
programs have had a major positive impact on the people and economy in the Zamora
Chinchipe province.”
Our educational and training programs include a High School Equivalency Program from which
210 men and women graduated in 2018, and our Mining Operations Training Program, which
was implemented over the past 12 months and from which more than 300 people have
graduated. All of the participants of these two programs were from Zamora Chinchipe. The
Company has also developed an extensive network of over 300 local suppliers. Since 2017,
Lundin Gold’s local procurement has injected approximately US$61 million into the Zamora
Chinchipe economy.
The Company is committed to developing Fruta del Norte responsibly. As such, it aligns its
community investment programs with the SDGs. This set of goals seeks to eradicate poverty,
protect the environment and ensure prosperity as part of a sustainable development agenda.
Global Compact is a United Nations’ initiative through which companies and organizations
voluntarily undertake to align their strategies with ten universal sustainability principles.
Following the Global Compact’s evaluation process, Lundin Gold was recognized for its work,
which relates to SDG 8, Decent Work and Economic Growth. Lundin Gold was first recognized
by the United Nations Global Compact Networks of Colombia and Ecuador in November 2017
for its work with Catering Las Peñas, the local the supplier of food preparation, cleaning and
laundry services that was founded by a group of former Lundin Gold employees.
2
About the Lundin Foundation
The Lundin Foundation works in partnership with the Lundin Group of companies, host
governments, and local communities to improve the management of, and benefit streams from,
resource development projects. Operating across diverse geographies, each with a unique
cultural and socio -economic context, the Foundation aims to ensure inclusive benefits for
generations to come.
The Foundation embodies the entrepreneurial spirit of the Lundin Group of Companies,
creating jobs, stimulating the economy, training workers and improving livelihoods for those
living at or near the bottom of the economic pyramid. The Foundation designs and implements
strategic initiatives through the provision of capacity building, targeted technical assistance
and performance-based funding. Since inception, the Foundation has disbursed $62 million in
support of building resilient communities.
About Lundin Gold
Lundin Gold, headquartered in Vancouver, Canada, is developing its wholly-owned Fruta del
Norte gold project in southeast Ecuador. Fruta del Norte is one of the world's largest, highest-
grade gold projects. The Company's board and management team have extensive expertise
in mine construction and operations and are dedicated to advancing Fruta del Norte to
commercial production in the second quarter of 2020.
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.
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 November 19, 2019 at 5:00 am Pacific Time through the contact persons set out below.
3
For more information, please contact
Lundin Gold Inc.
Ron F. Hochstein
President and CEO
+593 2-299-6400
+604-806-3589
Lundin Gold Inc.
Sabina Srubiski
Manager, Investor Relations
+1-604-806-3089
www.lundingold.com
Follow Lundin Gold on Twitter
4
Figure 1. Tamara Brown (L), Lundin Gold director, and Ka-Hay Law (R) Lundin Foundation Vice
President Impact and Investments attended the United Nations Global Compact Canada award
ceremony on behalf of Lundin Gold.
5
Figure 2. Ka-Hay Law accepted the award and introduced a video message from Ron Hochstein,
President and CEO of Lundin Gold.