05:29 PM EDT, 07/15/2024 (MT Newswires) -- Lundin Gold Inc. ( LUGDF ) announced Monday that Christopher Kololian, Chief Financial Officer, will be departing the company on Aug. 15, 2024.

Chester See, Lundin Gold's ( LUGDF ) Senior Vice President Finance, will assume the role of CFO.

Ron Hochstein, President and Chief Executive Officer of Lundin Gold ( LUGDF ) said in a statement: "During Christopher's tenure, we successfully executed our debt reduction strategy, including the recent buyout of the stream credit facility, which has positioned Lundin Gold ( LUGDF ) as a debt free gold producer. We have also focused our corporate development activities in parallel with our increased investment into our near-mine exploration program, which is showing potential for an exciting organic pipeline within the Fruta del Norte district."

LUG saw its shares drop $0.35 or 1.5% today at $23.11, having earlier touched a fresh 52 week high of $23.64.