Loncor Gold Inc

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Website
304 Yonge St
Toronto, ON M5B 1R4
+1 (416) 361-2510
https://loncor.com

Loncor Gold Inc. is a Canadian gold exploration company headquartered in Toronto, focused on its projects within a 480 km² area on the Ngayu Greenstone Belt in the northeastern Democratic Republic of the Congo. The company controls 4 million ounces of high-grade gold resources, with particular emphasis on the Adumbi project, which holds a pre-tax NPV of US$1.24 billion at a gold price of US$1,760 per ounce.

Adjacent to Africa's largest gold mine, the Barrick Gold-managed Kibali mine, Loncor aims to enhance its resource base through ongoing drilling targeted at expanding underground resources at Adumbi. The successful C$13.5 million sale of a non-core asset has provided the necessary capital to advance the critical development of this key asset.

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