Just recently, Lundin Gold Inc. announced that it had appointed Endeavour Financial as its financial advisor. Endeavor Financial has a lot of experience dealing with debt and anything debt related. This was a decision by Aurelian Ecuador S.A, which is a subsidiary of Lundin Gold Inc. Making this decision was for the sake of Lundin’s new project in Ecuador, Fruta del Norte.
The team at Lundin Gold Inc. has accepted and embraced this new financial advisor. The president and CEO of the company, Ron Hochstein, has stated that they look forward to this. They will use the expertise of Endeavour Financial to begin building a financing plan. The plans built now with the help of Endeavour Financial will get funding set up before the project is supposed to start later next year.
The reason everyone has embraced Endeavour Financial so completely is their history and success. This is a firm that has helped mining companies with billions of dollars’ worth of debt. It is an award winning, successful firm that is capable of pushing companies towards success. They offer guidance and knowledge to ensure that mining companies have an effective financial plan set up and can work towards a successful project. Lundin Gold Inc. fully trusts this firm with the financial planning of the Fruta del Norte project in Ecuador.
Lundin Gold Inc. and Fruta del Norte
Lundin Gold Inc. only recently began its Fruta del Norte project, having begun ownership in December of 2014. The reason for their interest in this area is its immense amount of gold. The gold here, and the amount of it, makes it one of the best locations in the world for miners in this industry. This is the reason why they decided to move forward with it and why they welcome Endeavour Financial with open arms. Endeavour Financial is here to make sure that the project continues without errors or concerns popping up at any point.
Lundin Gold Inc. feels there is a lot to gain from this project. For them, there is, obviously, a lot of potential profit here. The quality and amount makes this a great project for them. That profit goes down to everyone involved, too. This includes the shareholders who have put themselves into this business. The more profits Lundin makes from this project, the more profits the shareholders will see for themselves. It is, overall, a big project for those involved in it.
Ecuador benefits from this, as well. The government and people of this country are important to Lundin Gold Inc. Without their cooperation, it would not be as easy to manage the project. These people play an important role here, and Lundin Gold does not want to disappoint. They maintain social responsibility and they work towards helping areas in which they work. Lundin Gold assists local communities economically, socially, and environmentally to limit their impact when mining.
Endeavour Financial
Endeavour Financial has a history stretching over two decades. Over these two decades, Endeavour has assisted corporations with all types of financial related services. They have helped businesses to find success in ways that were not possible otherwise. Thanks to the talented team, capable of innovative and astounding decisions that can help businesses immensely, corporations have been able to manage finances incredibly well. Their skills are what has gotten them their awards and trust in the field, and what continues to up their appeal with corporations.
Lundin Gold Inc. enjoys working with this team. It is an unbiased, professional firm dedicated only to providing financial advice, guidance, and services. Their only mission is to ensure the success of the companies for which they work. This dedication to client satisfaction is the reason these two corporations now work together to meet the goals of Lundin Gold Inc.
It is important to understand that Lundin Gold Inc. has not yet started their project in Ecuador. Their project date is still to come so all results and information related to it will not have facts backing it up. Lundin Gold Inc. aims for high quality, trusted work, but they still have to begin doing the work itself. Information related to permits, approvals, time, finances, and other important pieces of the project and company may change. As of right now, there are no set changes in places, but that may change as time moves forward and the company gets started on the work.
Risks involved
Since this information is using solely the assumptions of the companies involved, risks do play a part here. No one can walk into this knowing what to expect or knowing what is ahead. Due to these risks, it is important that everyone understand the work and the potential dangers here. Lundin Gold Inc. feels that the information provided is of a reasonable nature, and most would agree, so the risks are still rather low. Even with that, there is no saying what will happen. No one can say, with absolute certainty, what will come of this project or what will happen during the project.
As of right now, Lundin Gold Inc. is on track and doing work as expected. However, changes may occur that open the work and Lundin Gold up to risks. This may affect the work slightly or it may halt progress entirely, depending upon what happens. Some risks involved are changes in laws or policies, local difficulties with government and/or the community, lack of resources, and any conflict in interest. These are only a handful of known risks. There are others and they may cause issues at any moment.
As mentioned, there are no risks currently affecting the work of Lundin Gold Inc. The corporation and the work continue on smoothly, and their work with Endeavour Financial continues as expected. Risks may pop up at any time, however. Lundin’s work with Endeavour Financial works to cover financial risks and help Lundin Gold to recover if risks do appear. The cooperation between these two groups makes it possible to do the work as intended while also lowering the potential negative effects of any risks.
[Featured image: “Waihi Opencast Gold Mine – 2010” by G =], used under CC BY / Slight color filters added, image cropped]