Lundin Gold shares advanced Friday after the miner reported an increase in third-quarter gold production from its mine in Ecuador.

Its stock recently traded 6.6% higher at 92.46 Canadian dollars ($64.99).

The company late Thursday reported gold production reached 153,736 ounces from its Fruta del Norte gold mine, which the company described as the highest quarterly gold production achieved since commercial production began there.

A year earlier, the company produced 122,086 ounces. The increase from the prior-year period represents a growth of nearly 28%.

Lundin processed 535,711 metric tons of ore, up from 484,296 tons a year earlier, with average head grades at 10.1 grams per ton, up from 8.9.

The company said that it is well positioned to deliver its full-year targets of between 475,000 and 525,000 ounces in 2026.