Lundin posts record production

Article Excerpt

LUNDIN GOLD, $16.80, is a buy. The miner (Toronto symbol LUG; TSINetwork Rating: Speculative) (www.lundingold.com; Shares outstanding: 235.2 million; Market cap: $4.0 billion; Divd. yield: 3.1%) operates the Fruta del Norte mine in Ecuador. The company continues to post higher gold production. In fact, Lundin has just reported all-time high quarterly gold production of 140,021 ounces for the first quarter of 2023 from Fruta del Norte. That was up 15.1%, from 121,665 ounces a year earlier. All in all, theses shares give you exposure to one of the largest and highest-grade gold deposits globally—and a 3.1% yield. Lundin Gold is a buy. buy. …