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Lundin Gold Announces Industry Leading Greenhouse Gas Emissions Intensity and Goal to be Carbon Neutral by 2030
VANCOUVER, BC, May 30, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to announce
About this update from Lundin Gold Inc.
[{"type":"text","content":" VANCOUVER, BC, May 30, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) (\"Lundin Gold\" or the \"Company\") is pleased to announce that the Company has published its second Climate Change Report, has set its objective to be carbon neutral by 2030 and has also published its seventh annual Sustainability Report. All dollar amounts are stated in U.S. dollars. Climate Change Report Highlights Lundin Gold has reported a greenhouse gas (GHG) emissions (Scopes 1 and 2) intensity of 0.06 tCO2e per ounce of gold produced in 2022 from its 100% owned Fruta del Norte gold mine in Ecuador. Based on publicly available data from 152 gold mines that reported their Scopes 1 and 2 GHG emissions in 2021 and on Lundin Gold's 2022 emissions performance, the emissions intensity of Fruta del Norte is among the lowest in the industry. By comparison, the average GHG emissions intensity of reporting underground mines was 0.42 tCO2e per ounce of gold produced in 2021.1 Lundin Gold has set a target to be carbon neutral by 2030 with respect to its Scopes 1 and 2 emissions based on its current life of mine plan. The establishment of this target is supported by a detailed analysis of the Company's emissions and the identification, evaluation and prioritization of direct decarbonization opportunities. Through this exercise, Lundin Gold has developed an initial road map to carbon neutrality which is set out in this year's Climate Change Report. After its initial estimate of Scope 3 GHG emissions in Lundin Gold's inaugural Climate Change report published last year, the Company has improved and expanded the reporting of these estimates in this year's Climate Change Report. Ron Hochstein, President and CEO, commented, \"With its incredibly low carbon footprint, Fruta del Norte continues to prove itself as a world class asset. Through our commitment to carbon neutrality by 2030, Lundin Gold is determined to maintain its position as one of the world's lowest carbon intensity gold producers.\" Lundin Gold is also pleased to announce the publication of its 2022 Sustainability Report. This report highlights accomplishments and progress achieved by the Company on several initiatives and programs last year including: Industry leading health and safety performance with a Company-wide total recordable incident rate of 0.30 per 20...