Lundin Gold announces leadership transition

[Ben Graham]

Lundin Gold (TSX: LUG) (Nasdaq: LUG) said on Thursday its CEO Ron Hochstein will step down after ten years of leadership, to be replaced by Jamie Beck, former CEO and Director of Filo Corp., effective November 7, 2025. 

Beck brings a proven track record of creating shareholder value within the Lundin Group, the company said. Under his six-year leadership at Filo, the exploration program delivered the discovery of one of the largest copper, gold and silver deposits in the world, culminating in the C$4.5 billion acquisition of Filo by BHP and Lundin Mining in January 2025.  

During Beck’s tenure as CEO, Filo delivered an approximate 1,700% return for its shareholders.  Since joining in 2009, he has held numerous senior roles within the Lundin Group, including at NGEx Resources, Filo Mining, Josemaria Resources, and Lundin Mining.  He also has direct experience with Fruta del Norte, having provided financial analysis and support for Lundin Gold’s $240 million acquisition of Fruta del Norte from Kinross Corporation, and later during negotiations on fiscal terms with the Government of Ecuador.   

Beck is a registered Professional Engineer in the Province of Ontario, holds a Bachelor of Applied Science in Mechanical Engineering from Queen’s University, and an MBA from the University of British Columbia. 

“With the support of the Board and our two largest shareholders, I have decided that the time is right to transition Lundin Gold to new leadership,” Hochstein said in a news release.

“The past ten years with Lundin Gold have been a tremendous adventure and very rewarding.  During this time, I’ve had the privilege of working with people committed to making responsible mining in Ecuador a success for all stakeholders.  I have worked with Jamie for over 15 years in various roles within the Lundin Group, and I am very confident that he will continue to build on this legacy that began with the vision of Lukas Lundin in 2014.”