Lundin Gold (TSX: LUG) President and CEO Jamie Beck joins Kitco Mining at the 2025 NBF CEO Mining Conference in London to discuss his transition into the role and the next phase of growth at the high-grade Fruta del Norte mine in Ecuador. With $4,000 gold, strong free cash flow, and a debt-free balance sheet, the company continues to return capital through a fixed $300 million dividend and a variable dividend set at a minimum of 50 percent of free cash flow. Beck says joining a “really high-functioning team” has been a privilege.

He outlines an expanded exploration push in 2026 following 108,000 meters drilled this year, including a recent hit of five meters of almost 500 grams per ton and promising copper-gold intercepts near the mine. Beck says this work could reveal a broader porphyry district and help extend Fruta del Norte’s already strong mine life.

In this interview, Beck also discusses:
• Lundin Gold’s dividend strategy and potential 4.5–5% yield
• High-grade conversion drilling and mine life extension
• Near-mine porphyry potential, including 200m of 0.75% Cu + 0.18 g/t Au
• Ecuador’s new exploration tax and sector impacts
• Why community relationships reduce jurisdiction pressure
• The team’s approach to M&A amid rising global dealmaking

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Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.