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Lundin Gold Inc., widely recognised as Lundin Gold, is a distinguished Canadian-headquartered gold mining company. Established in 2014, the company swiftly became a significant player, renowned for its commitment to responsible gold exploration, development, and production.
Their primary focus is the operation of Fruta del Norte, one of the world's highest-grade, underground gold mines located in Ecuador. This flagship asset underpins Lundin Gold's market position as a leading gold producer in the region, delivering high-quality gold dore and concentrate.
Lundin Gold prides itself on operational excellence and a strong emphasis on sustainability throughout its value chain. They contribute substantially to the global precious metals market while upholding stringent environmental and social governance standards.
+15 vs industry average
Lundin Gold’s score of 33 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Salt and Mineral Mining has above-average carbon intensity
The Salt and Mineral Mining industry has reduced its overall emissions by 42% since 2018
Scope 3 accounts for ••• of total emissions.
Lundin Gold, a Canadian-headquartered company in the Chemical and fertilizer minerals, salt and other mining and quarrying products n.e.c. industry, reported total carbon emissions of approximately 174,105,000 kg CO2e in 2024. This figure includes Scope 1 emissions of around 35,401,000 kg CO2e, Scope 2 emissions of about 14,051,000 kg CO2e, and Scope 3 emissions of approximately 174,105,000 kg CO2e.
In 2023, the company's total emissions were approximately 159,953,000 kg CO2e, comprising Scope 1 emissions of about 27,909,000 kg CO2e, Scope 2 emissions of around 12,252,000 kg CO2e, and Scope 3 emissions of roughly 159,953,000 kg CO2e. This followed total emissions of approximately 166,742,000 kg CO2e in 2022 (Scope 1: 24,024,000 kg CO2e; Scope 2: 5,576,000 kg CO2e; Scope 3: 166,742,000 kg CO2e).
Lundin Gold is committed to emissions reduction, aiming for carbon neutrality by 2030, targeting approximately 30,000 tonnes CO2e based on its 2023 Life of Mine Plan. In 2024, the company achieved a reduction of approximately 2,800 tonnes CO2e in Scope 1 emissions through an 11% decrease in budgeted diesel consumption. Furthermore, a 3.7% decrease in electricity consumption in 2024, equivalent to 5,130 MWh, resulted in the avoidance of roughly 615 tonnes CO2e in Scope 2 emissions.
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2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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