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High materiality8/10

Lundin Gold expands Sandia porphyry discoveries; maiden resource targeted 2027

Jul 21, 2026, 5:03 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The discovery expansion to seven porphyry centers and a targeted early-2027 maiden resource estimate could re-rate the stock on district-scale optionality and potential future mine life extensions, despite current lack of near-term production growth.

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What happened, with direct paths to the underlying reporting

Lundin Gold reports Sandia NE and Sandia SE porphyry discoveries within the Fruta del Norte district, expanding the district to seven porphyries. The Sandia deposit footprint is now about 1.6 km by 0.7 km by 1.0 km and remains open to the north, east, and depth, with four rigs active and 16,920 m drilled. The company targets a maiden resource estimate for Sandia in early 2027, a potential value inflection for the district.

Two new porphyry discoveries: Sandia NE and SE; seven porphyry centers identified.
Sandia footprint now 1.6km by 0.7km by 1.0km; open in multiple directions.
Maiden mineral resource estimate for Sandia targeted for early 2027.
16,920 metres drilled across 24 holes; four rigs active at Sandia.
Sandia advances Novo district-scale copper-gold potential adjacent to Fruta del Norte.

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