{"id":38360,"date":"2026-03-17T18:17:09","date_gmt":"2026-03-17T18:17:09","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=38360"},"modified":"2026-03-17T18:17:09","modified_gmt":"2026-03-17T18:17:09","slug":"billionaire-family-records-2409-gain-on-little-known-stock-in-just-one-year-heres-how","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=38360","title":{"rendered":"Billionaire Family Records 2,409% Gain on Little-Known Stock in Just One Year \u2013 Here\u2019s How"},"content":{"rendered":"

\"\"<\/p>\n

A Swedish-Canadian billionaire family has struck gold after investing in a little-known mining stock that exploded 21x in just one year.<\/p>\n

The Lundins invested $17.5 million CAD ($12.88 million) in the Vancouver-based metals exploration and development firm Montage Gold Corp (MAUTF) in March 2024, when it was trading at $0.70 CAD ($0.52) per share, Bloomberg reports<\/a>.<\/p>\n

At the time, the Lundins already held a large stake in the mining company and decided to invest additional capital to help bring Montage\u2019s flagship Ivory Coast mine up and running.<\/p>\n

The Toronto-listed MAUTF began its ascent in January after the company announced that its Ivory Coast mine would begin producing gold by the end of 2026, earlier than expected. The stock soared to $15.04 CAD ($11.07), delivering an eye-popping 2,409% return for the Lundins in just 12 months.<\/p>\n

As of January, Montage\u2019s Ivory Coast mine was estimated to contain $3.1 billion worth of gold, assuming the metal averages $3,000 over the project\u2019s 16-year lifespan. At time of writing, gold is $5,183 \u2013 about 7.58% below its all-time high of $5,602, which it hit in late January.<\/p>\n

The Lundins control 20% of Montage, valued at around $759 million. Data from the Bloomberg Billionaire Index shows that the Lundins have a net worth of $18.1 billion.<\/p>\n

A representative for the Lundin family did not respond to requests for comment.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<\/p>

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The post Billionaire Family Records 2,409% Gain on Little-Known Stock in Just One Year \u2013 Here\u2019s How<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A Swedish-Canadian billionaire family has struck gold after investing in a little-known mining stock that exploded 21x in just one year. The Lundins invested $17.5 million CAD ($12.88 million) in the Vancouver-based metals exploration and development firm Montage Gold Corp (MAUTF) in March 2024, when it was trading at $0.70 CAD ($0.52) per share, Bloomberg […]<\/p>\n","protected":false},"author":1,"featured_media":38361,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-38360","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nBillionaire Family Records 2,409% Gain on Little-Known Stock in Just One Year \u2013 Here\u2019s How - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=38360\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Billionaire Family Records 2,409% Gain on Little-Known Stock in Just One Year \u2013 Here\u2019s How - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"A Swedish-Canadian billionaire family has struck gold after investing in a little-known mining stock that exploded 21x in just one year. 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