FINWIRES · TerminalLIVE
FINWIRES

Lundin Gold Reports High-Grade Drill Results at Bonza Sur, Identifies New Epithermal Vein System

By

Lundin Gold (LUG.TO) on Thursday said ongoing near-mine exploration drilling at its Fruta del Norte gold mine in southeast Ecuador returned new high-grade results at Bonza Sur and identified a new epithermal vein system farther south on the property.

At Bonza Sur, drill hole BLP-2026-553 intersected 204.26 grams per tonne of gold over 3.05 meters from a depth of 140.25 meters, including 1,035.60 grams per tonne over 0.60 meter.

Drill hole BLP-2026-483-D1 intersected 28.05 grams per tonne of gold over 4.20 meters from 698.30 meters, including 50.44 grams per tonne over 2.30 meters, while BLP-2026-483-D2 returned 13.75 grams per tonne over 5.50 meters from 715.35 meters, including 23.21 grams per tonne over 3.20 meters.

Over the past several years, Fruta del Norte has emerged as a globally significant mineral district containing multiple identified epithermal gold systems and copper-gold porphyries, the company said.

Shares of the company closed down CA$0.62 to CA$91.04 on Toronto Stock Exchange on Thursday.

What else is happening in Mining & Metals?

Mining & Metals

Kinross Gold Lowers 2026, 2027 Gold Production Outlook

Kinross Gold (K.TO) after trade Wednesday lowered its 2026 and 2027 production outlook, now expecting annual attributable production of about 1.84 million to 1.86 million gold equivalent ounces, 2% to 3% under its prior targets.The change to the guidance is mainly due to extreme weather and operational challenges at two smaller mines, La Coipa and Round Mountain, the company said, adding that it expects to produce about 425,000 gold equivalent ounces in the third quarter.The company also said it now expects production cost of sales for 2026 of about $1,420 to $1,460 per gold equivalent ounce sold and all-in sustaining costs of about $1,850 to $1,900 per ounce sold."Reflecting its strong cash flow outlook and balance sheet strength, Kinross is increasing its return of capital target from 40% to 50% of free cash flow to shareholders for 2026," it added.

$K.TO
Mining & Metals

OceanaGold's Chief Executive Officer Gerard Bond to Retire in April

OceanaGold (OGC.TO) Chief Executive Officer Gerard Bond will retire in April 2027, the company said after trade on Wednesday.Bond, who led OceanaGold for five years, will be a special advisor to the board and incoming chief executive officer for six months after his retirement, a statement said.OceanaGold shares closed down CA$1.48 at CA$39.44 on the Toronto Stock Exchange.

$OGC.TO
Mining & Metals

SonicStrategy Acquires 500,000 SYN Tokens

SonicStrategy (SONI.CN) said Wednesday it acquired 500,000 SYN tokens through open-market purchases for about $115,000.The digital asset infrastructure company said it paid an average price of about $0.23 per token. The acquisition represents its first treasury investment focused on on-chain derivatives.SYN is a digital asset that is associated with the Synapse ecosystem. Synapse Labs is developing Hypercall, a decentralized options protocol designed to operate within the Hyperliquid ecosystem.The company also announced that Spencer MacLean has resigned from the board of directors, effective immediately.SonicStrategy shares closed down CA$0.025 at CA$0.13 on the Canadian Securities Exchange.

$SONI.CN