Strategic investments that catalyze local economies.

In 2020, Lundin Gold and the Foundation’s joint initiatives enabled 520 small businesses to generate more than $10 million USD in revenue. The partnership supported 1,146 jobs, creating a significant contribution to beneficiaries’ household income.

To support suppliers during the COVID-19 pandemic, the Foundation developed digital tools, distributed personal protective equipment, and helped implement rigorous health and safety protocols. These measures enabled local producers to maintain operations while diversifying their local consumer base.

Catering Las Peñas, a locally owned company that provides catering and laundry services to the Fruta del Norte mine, made operational changes to maintain service and respond to the challenges presented by the COVID-19 pandemic. Meanwhile, the partnership’s agricultural programs maintained their profitability by focusing on market diversification, online tools and new clients. Lundin Gold and the Foundation are proud of the resiliency of these entrepreneurs.

In 2020, the United Nations’ Global Compact Ecuador Network announced that Lundin Gold and Takataii, the Foundation-supported initiative to develop agricultural producers that supply Catering Las Peñas, each received Good Practice awards for exemplary work in the areas of education and food security.