Today we look at Lundin Mining Corporation for you. What is Lundin Mining Corporation? What do they offer to you (the investor)? Are there better alternatives? This is just a few of the many questions we help you answer today!
Name of the company: Lundin Mining Corporation
Official Website URL: http://www.lundinmining.com/
CEO: Ron F. Hochstein
Products: Gold, Gold stocks
This review is about Lundin Gold, whose value proposition to current and potential shareholders happens to be worth looking into. The main objective is to look into the elements about this company that matter most to you as an investor so that you can decide whether Lundin Gold is worth doing business with. These include:
– What is Lundin Gold Corporation?
– How does it go about its operations?
– Which products does this company offer?
– Is it legit?
– Which are the main investment opportunities offered by Lundin Gold?
– What are the alternatives to these investment assets?
– What are the main benefits and drawbacks of doing business with Lundin Gold?
What is Lundin Mining Corporation?
Lundin Gold is a mining company that is owned by Lundin Group of Companies which happens to be a conglomerate that has an admirable track-record of making acquisitions of world-class projects and giving very impressive returns. In being a part of the Lundin family, Lundin Gold is guaranteed of oversight by a team of growth-oriented corporate leaders.
Lundin Gold has its headquarters in Vancouver, Canada, but it also has a corporate office in Ecuador. The managerial and junior staff in both offices are tasked with the management of its projects. Currently, this company is preoccupied with the management of Fruta del Norte, a high-grade and mass production gold project that is located in Southeast Ecuador.
This company’s board and management teams are well-versed with the construction and operation of mines, and they are very keen on upholding transparency and all international best practices in the industry. They are also very keen on the delivery of value to all shareholders, while at the same time providing socio-economic benefits to the local communities living around its projects.
How it works
This company’s operations are mainly based on the acquisition and development of viable mines. Lundin Gold utilizes the mineral resources it comes across in the mines for its financial wellness. The company also sells its interest in the mines it has satisfactorily developed and then moves on to more valuable mines.
A brief overview of the activities on its timeline since 2007 can bring this up quite clearly.
2007: Acquired Tenke Fungurume Mine and Aguablanca Mine
2013: Acquired Eagle Mining Project and 24% interest in Kokkola Cobalt Refinery
2014: Acquired 80% interest in Candelaria Mine
2017: Sold its interest in Tenke Fungurume Mine
2019: Acquired Chapada Mine and sold its interest in Kokkola Cobalt Refinery.
Lundin Gold’s operation strategy places it in a position in which it can supply a variety of mineral products on the market. This also means that this company can be offering one product at one instance and then not be in a position to supply it in the next moment. Lundin Gold’s main value is to acquire mines and sell them off upon sufficient development. That said, however, this company’s main objective has been to be a leading producer of gold and is making major strides to ensure that it achieves this objective.
Is it a genuine company?
Lundin Gold’s genuineness cannot be put to question. There is more than enough proof of this statement. The main pointers, however, include:
• This company was founded in 1994 by Adolf Lundin. There is no record of Adolf Lundin being a conman or a fraud.
• Lundin Gold has been in operation for more than 24 years, something that would have been impossible if it was not a genuine company.
• Its operation strategy involves the acquisition of well-known mines, and its operations would have already been flagged if they were suspicious.
• This company’s top executive leaders are people whose information you can find online. They include:
-Ron F. Hochstein – President, CEO and Director
-Alessandro Bitelli- Executive Vice President, CFO
-Sheila Colman –Vice President, Legal & Corporate Secretary
-David Dicaire-Vice President, Projects
-Nathan Monash –Vice President, Business Sustainability
-Iliana Rodriguez- Vice President, Human Resources
-Chester See- Vice President, Finance
Lundin Gold’s existence is of great value to investors who benefit from its mining stocks. This company is a publicly-traded one and has been known to deliver excellent results at the end of every financial year, owing to the effectiveness of its strategy. As an investor, you can benefit by purchasing and selling Lundin Gold’s stocks that are offered through the following stock exchanges:
– Toronto Stock Exchange-traded under the ticker LUN
– Nasdaq Stockholm- traded under the ticker LUG
Alternatives to Lundin Gold’s stocks
Lundin Gold’s stocks may benefit you if you are an investor who makes regular entries and exits into the market since they are quite volatile according to Yahoo Finance. If you are a passive investor, however, you would do better with physical gold. Investing in physical gold will most certainly shield you from the ups and downs that other assets present, and you will not have to walk around worried about losing your capital. All you have to do is to open a gold IRA account with a company such as Regal Assets, and then proceed with your day to day activities without any qualms of conscience.
Another alternative would be to stick with the stocks investments, but to back up your moves with reliable information from a credible source. Capitalist Exploits presents to you the very valuable Resource Insider, which gives you a variety of investment tips in several intervals throughout the year. Since the investment tips you receive also include information related to mining stocks, you will find yourself always ahead of your investment buddies.
Think about it:
You may have already seen what happens to stock prices every time there is a major economic crisis. Investing in physical gold through a gold IRA will present you with a list of many benefits, including the professional services of the custodians who guide you on how to structure your portfolio.
With a company such as Regal Assets, for example, you can invest in an IRA.
I also want to recommend Resource Insider as they let you invest like a Mining Magnate without you having to be one… If you want to profit from the mining industry and get (huge value) insider info.
Both of the companies mentioned here also offer other services that you as an investor might find very beneficial so it might be a wise thing of you to have a look at both of them and take advantage of their great FREE services to start with.
Our #1 recommendations (best of both worlds) below:
Pros and cons
It is always wise (and recommended) to compare the positives against the negatives before making any investing decisions. As always in our reviews we point out some clear ones on both sides of the spectrum:
– Has a variety of mines thus has a diversified portfolio of assets
– Gradually stabilizing its position as a gold producer
– Takes shareholder growth quite seriously
– Its stocks are very volatile
Do You Own or represent Lundin Mining Corporation?
If you are a representative, or associate of Lundin Mining Corporation and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to email@example.com.
Final words and verdict
Overall rating: (4 / 5)
Ok, I think that sums up the overall view of Lundin Mining Corporation pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of Lundin Mining Corporation to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com