Money of Mine The Lundin Legacy (Adam & Jack Lundin)
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Nov 12, 2025 
Jack and Adam Lundin, members of the influential Lundin family, share their insights on sustainable mining investments. They discuss the significance of the Vicuña joint venture and the success of Lundin Gold in Ecuador. Jack reveals lessons learned from building Fruta del Norte and collaborating with Chinese miners, emphasizing their speed and thorough due diligence. They also highlight the importance of long-term planning and nurturing an all-star team for future generations while navigating capital structures and avoiding bureaucratic hurdles.
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Skin-In-The-Game Value Creation
- The Lundin approach is to explore, build, and produce while staying highly aligned with shareholders through substantial skin in the game.
- Long-life deposits that can ride multiple cycles are prioritized over short-term flashy projects.
De-Risk Thoroughly Before Sanctioning
- Plan and de-risk thoroughly before sanctioning a mine to ensure cost controls and execution plans hold up.
- Build depth in the owner team because contractors deliver only what owners require.
Benchmark Peers To Avoid Known Pitfalls
- Study peers' project successes and failures as a free learning resource and implement controls accordingly.
- Use stage-gates and checklists to decide when to move from study to sanction.
