Lundin Gold Inc

Latest Results (19.11.2025):

Lundin Gold Inc’s Q1 2025 financial results showcase robust performance with record revenues of US$356 million and a net income of US$154 million. The company achieved strong gold production, selling 117,641 ounces at an average realized price of US$3,081 per ounce, while maintaining low cash operating and all-in sustaining costs. Enhanced cash generation and a bolstered dividend policy further underline this solid quarterly performance.

Strong Financial Performance

The company reported record revenue and net income, with EBITDA reaching US$242 million. Basic earnings per share were US$0.64, reflecting a marked improvement over previous periods and demonstrating Lundin Gold Inc’s resilience in a favorable pricing environment.

Robust Production and Operational Efficiency

Q1 2025 saw production of 117,313 ounces of gold and sales of 117,641 ounces, achieved by processing 398,159 tonnes of ore at an average head grade of 10.4 g/t and a recovery rate of 88.5%. These figures underscore the company’s operational excellence and effective optimization of mill throughput despite ongoing maintenance activities.

Solid Cash Flow and Enhanced Dividend Policy

Operating activities generated US$194 million in cash, translating to free cash flow of US$171 million (US$0.71/share). Coupled with a strong cash balance of approximately US$452 million, Lundin Gold Inc has advanced its dividend policy, including a special dividend and a variable component, to reward shareholders.

Strategic Expansion and Future Outlook

With the successful completion of its process plant expansion, Lundin Gold Inc is well-positioned to meet full-year production guidance and improve cost metrics. An aggressive exploration program and infrastructure investments, such as the upcoming tailings dam raise, highlight a strategic focus on long-term growth and value creation.