The Globe and Mail reports in its Wednesday, Aug. 16, edition that RBC Dominion Securities analyst Wayne Lam rates Lundin Gold "sector perform" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Lam set a share target of $19. Analysts on average target the shares at $20.43. Mr. Lam calls the Fruta del Norte mine in Ecuador a "high-quality asset backed by strong execution." Mr. Lam says he is "cautious on valuation given increased premium multiple vs peers." Mr. Lam says in a note: "Lundin Gold is a large-scale, low-cost producer backed by production from the high-grade Fruta del Norte (FDN) mine in Ecuador, which sits amongst the top mines globally by reserve grade. Since first gold in late 2019, the mine has produced nearly 1.3 Moz at 10.6 g/t, with replacement of depletion since start-up demonstrated earlier this year. The current underground reserve of 5.0 Moz at 8.7 g/t Au is significantly greater than the average deposit on both size and grade, which has driven robust free cash flow generation as operations have outperformed expectations, with potential for further throughput expansion ahead. We view Fruta del Norte as a world-class asset."