Lundin Gold Inc. - Lundin Foundation

Lundin Gold is committed to creating shared value and making a lasting impact through responsible mining. In 2024, Lundin Gold achieved record annual gold production of 502,029 ounces at Fruta del Norte (FDN) and delivered continued exploration success. This performance was supported by Lundin Gold’s robust five-year sustainability strategy, prioritizing local participation and shared prosperity. The Lundin Foundation partnered with Lundin Gold to advance strategic community investments and provide sustainability advisory services.

In 2024, Lundin Gold and the Lundin Foundation implemented programs to support community development by assisting local women entrepreneurs, farmers, small- and medium-sized enterprises, and the Shuar Indigenous community. These programs aided 55 small businesses, farmers’ groups, and agricultural cooperatives, collectively generating nearly US$1.4M in revenue, and contributing to economic resilience and long-term prosperity within the local communities.

The Lundin Foundation advanced its multi-year NEXO Local Supplier Development program, supporting local companies in FDN’s supply chain with technical assistance and training. The Lundin Foundation also continued Somos Semilla (“We are Seed”), an agricultural program providing technical assistance, a revolving credit fund, and marketing support to local farmers supplying FDN’s catering provider. Program participants sold over US$846,000 in goods and services to FDN strengthening local economic growth. 

The Lundin Foundation played a key role in empowering women and Indigenous communities. In 2024, our award-winning initiative, Soy Emprendedora (“I Am an Entrepreneur”), continued to provide tailored business mentorship, technical support, and seed funding to help local women grow their enterprises.  The Lundin Foundation is also proud to partner with the Shuar Federation of Zamora Chinchipe to preserve the Shuar culture and build capacity within the Shuar community. Since 2019, we have supported the operation of the Shuarnum Cultural Centre and in 2024 we launched a pilot program to market Shuar branded food products, such as chocolate, spices and beverages using traditional ingredients. The goal is to create a new, sustainable revenue stream as well as preserve Shuar traditional culture and practices. 

In 2024, the Lundin Foundation delivered a complete range of sustainability services to Lundin Gold, which included reporting, climate advisory, and social performance. A standout initiative was the development of a carbon offsetting and renewables strategy to support Lundin Gold’s decarbonization efforts.

Going forward, Lundin Gold remains dedicated to being a responsible miner and is committed to working with the Lundin Foundation to realize its vision of creating shared value and making a lasting impact.  

“The Lundin Foundation is our essential partner, having worked with us since the early stages of Fruta del Norte on issues such as local procurement, training & employment, and climate change. The value of working with the Lundin Foundation is that we can leverage a wide range of expertise to meet our sustainability objectives that complement our operational core competencies.”

– Nathan Monash, Vice President of Business Sustainability