Lundin Family Gains 2,409% from Montage Gold Investment
- The Lundin family invested $17.5 million CAD in Montage Gold Corp in March.
- Montage’s stock price surged from $0.70 CAD to $15.04 CAD within a year.
- The investment yielded a remarkable return of approximately $759 million for the family.
- Montage’s Ivory Coast mine is projected to contain $3.1 billion worth of gold.
The Lundins’ significant stake in Montage Gold Corp has proven highly profitable as the company prepares to start gold production earlier than expected by the end of this year. This investment highlights the potential of mining stocks amidst rising gold prices, which currently hover around $5,183 per ounce.
With a net worth of $18.1 billion, the Lundins’ strategic investments continue to yield substantial returns, underscoring their influence in the mining sector and beyond. (Source)
