Lundin Gold Inc., a prominent player in the mining industry, is headquartered in Canada and primarily operates in Ecuador, where it focuses on gold exploration and production. Founded in 2016, the company has quickly established itself as a leader in the sector, particularly with its flagship asset, the Fruta del Norte gold mine, which commenced production in late 2019.
Lundin Gold is dedicated to sustainable mining practices, emphasising environmental stewardship and community engagement. Its commitment to high-quality gold production sets it apart in a competitive market, contributing to its strong position within the industry. With a focus on operational excellence and strategic growth, Lundin Gold continues to achieve significant milestones, reinforcing its reputation as a responsible and innovative mining company.
+14 vs industry average
Lundin Gold’s score of 32 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Salt and Mineral Mining has above-average carbon intensity
Industry performance
The Salt and Mineral Mining industry has reduced its overall emissions by 66% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Lundin Gold's reported carbon emissions
In 2024, Lundin Gold reported total carbon emissions of approximately 174.1 million kg CO2e, comprising Scope 1 emissions of about 35.4 million kg CO2e, Scope 2 emissions of approximately 14.1 million kg CO2e, and Scope 3 emissions amounting to about 174.1 million kg CO2e. The Scope 3 emissions include significant contributions from purchased goods and services (approximately 86.4 million kg CO2e) and upstream transportation and distribution (about 30.8 million kg CO2e). Lundin Gold has made notable strides in reducing its carbon footprint. In 2024, the company achieved a reduction of approximately 2,800 kg CO2e in Scope 1 emissions through a decrease in diesel consumption by 11%, equating to one million litres. Additionally, they avoided around 615 kg CO2e in Scope 2 emissions by reducing electricity consumption by 5.13 GWh (5,130 MWh), representing a 3.7% decrease compared to their budget. Looking ahead, Lundin Gold is committed to achieving carbon neutrality by 2030, targeting a reduction of approximately 30,000 kg CO2e based on their 2023 Life of Mine Plan. This commitment underscores their proactive approach to identifying and implementing emissions reduction initiatives across their operations. Lundin Gold's emissions data is not cascaded from any parent organization, ensuring that their reported figures reflect their direct operational impact.
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Lundin Gold’s Climate Goals (2030 & 2050)
4 goals2024
11% reduction in Scope 1
We achieved a reduction of one million litres, representing an 11% decrease against budgeted diesel consumption, largely due to general cons…
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.
See all 4 climate goals
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Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Lundin Gold
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