Lundin Gold CEO Ron Hochstein was awarded Kitco's Mining CEO Of The Year 2022 in the operating category.
At PDAC 2023 Hochstein sat for an interview with correspondent Paul Harris. Hochstein was surprised with the trophy at the end of the interview.
Upon receiving the award, Hochstein called it "humbling" and dedicated the award to the late Lukas Lundin and the team on site. Hochstein said that Lukas Lundin was a driving force behind the formation of the company.
Lundin Gold (TSX:LUG), headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world.
In 2022 the company produced 476,329 ounces of gold at a low cash operating cost of $671
per oz sold and all-in sustaining cost of $805 per oz sold.
"There are very few businesses that are generating the cash flow yields that we are generating because Fruta del Norte is such an amazing asset," said Hochstein. "There's very few companies that have the cash flow yield that Lundin Gold has. Fruta Del Norte turned out better than we thought."
Lundin Gold has been paying down debt quickly. Hochstein said reduced debt will give the company more flexibility, such as buying back its stream or increasing its dividend.
"It's just really cleaning up the balance sheet. It gives the company more flexibility and the opportunity to return more to shareholders."
Winner of Kitco Mining CEO Of The Year 2022 in the non-operating category was Filo Mining CEO Jamie Beck. Filo is majority owned by the Lundin Family Trust.
Coverage of PDAC 2023 sponsored by Uranium Energy and GoldMining.
FOLLOW KITCO MINING
Twitter: @paulharrisgold (
https://twitter.com/paulharrisgold)
Twitter: @michaelmccrae (
https://twitter.com/michaelmccrae)
Twitter: @KitcoMining (
https://twitter.com/KitcoMining)
Instagram:
https://www.instagram.com/kitcomining/LinkedIn:
https://www.linkedin.com/company/kitcominingFacebook:
https://www.facebook.com/KitcoMining/0:40 - Production numbers at Fruta Del Norte.
3:05 - What's the guidance for 2023?
4:00 - Strong head grade.
7:03 - Debt payment.
8:33 - Exploration plans at Lundin Gold.
11:30 - Award ceremony.
About the Site 🌐
This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥
Origins of the Idea 🌱
The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠
Challenges Faced 🤔
Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.
Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. 🔍
Creating Truly Random Links 🛠️
The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.
About YouTube 📺
YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. 🌟
Content and Users 🎵
Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.
While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.
Monetization and Impact 🤑
YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.
As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. 📈
List of ours generators⚡
Random YouTube Videos Generator
Random Film and Animation Video Generator
Random Autos and Vehicles Video Generator
Random Music Video Generator
Random Pets and Animals Video Generator
Random Sports Video Generator
Random Travel and Events Video Generator
Random Gaming Video Generator
Random People and Blogs Video Generator
Random Comedy Video Generator
Random Entertainment Video Generator
Random News and Politics Video Generator
Random Howto and Style Video Generator
Random Education Video Generator
Random Science and Technology Video Generator
Random Nonprofits and Activism Video Generator
