Latest news with #LundinGold
Business Insider
3 days ago
- Business
- Business Insider
RBC Capital Reaffirms Their Hold Rating on Lundin Gold (LUGDF)
In a report released on July 7, Michael Siperco from RBC Capital maintained a Hold rating on Lundin Gold, with a price target of C$54.00. The company's shares closed yesterday at $52.42. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Siperco is a 5-star analyst with an average return of 22.1% and a 64.71% success rate. Siperco covers the Basic Materials sector, focusing on stocks such as Torex Gold Resources, Coeur Mining, and Wesdome Gold Mines. The word on The Street in general, suggests a Hold analyst consensus rating for Lundin Gold with a $45.43 average price target, which is a -13.33% downside from current levels. In a report released on June 24, National Bank also downgraded the stock to a Hold with a C$89.00 price target. The company has a one-year high of $55.05 and a one-year low of $15.41. Currently, Lundin Gold has an average volume of 102.4K. Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LUGDF in relation to earlier this year.
Cision Canada
3 days ago
- Business
- Cision Canada
LUNDIN GOLD REPORTS Q2 2025 PRODUCTION OF 139,433 OUNCES OF GOLD
VANCOUVER, BC, July 9, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to report second quarter 2025 gold production of 139,433 ounces ("oz") from its Fruta del Norte gold mine ("Fruta del Norte") in southeast Ecuador. Of the total quarterly gold production, 92,242 oz were produced as concentrate and 47,191 oz as doré. During the same quarter in 2024, the Company produced 133,062 oz of gold. All amounts are in U.S. dollars unless otherwise indicated. PDF Version View PDF In the second quarter of 2025, the mill processed 460,820 tonnes of ore resulting in an average throughput rate of 5,064 tonnes per day at an average grade of 10.4 grams per tonne with recoveries of 90.9%. Ron Hochstein, President and CEO commented, " Our strong performance this quarter has us well on track to meet our 2025 production guidance of 475,000 to 525,000 ounces. The Plant Expansion project, commissioned in the first quarter, has been a clear success, with average throughput reaching 5,064 tonnes per day and recoveries near 91%. Elevated grades also boosted our first-half results, and we anticipate they'll reduce in the second half, and average out to our previously disclosed guidance of 9.2 grams per tonne for the full year. Overall, Fruta del Norte and the operating team continue to perform and pursue operational excellence." Production Results Q2 2025 Q2 2024 H1 2025 H1 2024 Ore processed (tonnes) 460,820 424,899 858,979 838,495 Average throughput (tonnes per day) 5,064 4,669 4,745 4,607 Average head grade (grams per tonne) 10.4 11.0 10.4 10.2 Recovery (%) 90.9 % 89.0 % 89.8 % 88.6 % Gold ounces produced 139,433 133,062 256,746 244,634 Concentrate 92,242 83,910 167,736 157,874 Doré 47,191 49,152 89,010 86,760 Gold ounces sold 136,737 129,396 254,378 238,312 Average realized gold price ($/oz sold) 3,361 2,379 3,231 2,270 1 Average realized gold price during the second quarter of 2025 was positively impacted by rising gold prices on provisionally priced gold sales which exceeded fair value estimates as at March 31, 2025. First Quarter of 2025 Results Conference Call and Webcast Lundin Gold will publish its second quarter of 2025 results on Thursday, August 7, 2025, after market close in North America. The Company will host a conference call and webcast to discuss its results on Friday, August 8th at 5:30 a.m. PT, 8:30 a.m. ET, 2:30 p.m. CET. Conference call details and a link to the webcast will be published with the results for the second quarter of 2025. Non-IFRS Financial Measures This news release refers to certain financial measures, such as average realized gold price, which are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS. These measures may differ from those made by other companies and accordingly may not be comparable to such measures as reported by other companies. These measures have been calculated on a basis consistent with historical periods. Please refer to the Company's MD&A filed on SEDAR+ under the Company's profile at starting on page 11, for the three months ended March 31, 2025 for an explanation of non-IFRS measures used. Qualified Persons The technical information relating to Fruta del Norte contained in this News Release has been reviewed and approved by Terry Smith P. Eng, Lundin Gold's COO, who is a Qualified Person under National Instrument 43-101. Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company's board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact. Furthermore, Lundin Gold is focused on continued exploration on its extensive and highly prospective land package to identify and develop new resource opportunities to ensure long-term sustainability and growth for the Company and its stakeholders. Additional Information The information in this release is subject to the disclosure requirements of Lundin Gold under the EU Market Abuse Regulation. This information was publicly communicated on July 9, 2025 at 3:00 p.m. Pacific Time through the contact persons set out below. Caution Regarding Forward-Looking Information and Statements Certain of the information and statements in this press release are considered "forward-looking information" or "forward-looking statements" as those terms are defined under Canadian securities laws (collectively referred to as "forward-looking statements"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements. By their nature, forward-looking statements and information involve assumptions, inherent risks and uncertainties, many of which are difficult to predict, and are usually beyond the control of management, that could cause actual results to be materially different from those expressed by these forward-looking statements and information. Lundin Gold believes that the expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct. Forward-looking information should not be unduly relied upon. This information speaks only as of the date of this press release, and the Company will not necessarily update this information, unless required to do so by securities laws. This press release contains forward-looking information in a number of places, such as in statements pertaining to production outlook and the anticipated improvement of recoveries. There can be no assurance that such statements will prove to be accurate, as Lundin Gold's actual results and future events could differ materially from those anticipated in this forward-looking information as a result of the factors discussed in the "Risk Factors" section in Lundin Gold's Annual Information Form dated March 17, 2025, which is available at or at Lundin Gold's actual results could differ materially from those anticipated. Factors that could cause actual results to differ materially from any forward-looking statement or that could have a material impact on the Company or the trading price of its shares include: instability in Ecuador; community relations; power supply; tax changes in Ecuador; security; availability of workforce and labour relations; mining operations; waste disposal and tailings; environmental compliance; illegal mining; Mineral Reserve and Mineral Resource estimates; infrastructure; non-compliance with laws and regulations and compliance costs; government or regulatory approvals; forecasts relating to production and costs; gold price; dependence on a single mine; shortages of critical resources; climate change; exploration and development; control of Lundin Gold; dividends; information systems and cyber security; title matters and surface rights and access; health and safety; human rights; employee misconduct; measures to protect biodiversity; endangered species and critical habitats; global economic conditions; competition for new projects; key talent recruitment and retention; market price of the Company's shares; social media and reputation; insurance and uninsured risks; pandemics, epidemics or infectious disease outbreak; conflicts of interest; violation of anti-bribery and corruption laws; internal controls; claims and legal proceedings; and reclamation obligations. SOURCE Lundin Gold Inc.
Globe and Mail
20-06-2025
- Business
- Globe and Mail
Ronald Hochstein buys as Fireweed Metals hits new highs
Fireweed Metals Corp. (FWZ-X) is emerging as a strategically important Canadian junior miner. The stock set an all-time high of $2.37 on June 5. Fireweed's Macpass District covers 985 square kilometres and straddles the Yukon-Northwest Territories boundary. It includes the Macpass zinc-lead-silver project that includes by-product products of gallium-germanium and the Mactung tungsten project. Fireweed made our screens as director Ronald Hochstein bought 105,500 shares in the public market at $2.30 on June 18. He now holds 395,355 shares. Mr. Hochstein is also CEO of Lundin Gold (LUG-T). Ted Dixon is CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities. Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.
Yahoo
30-05-2025
- Business
- Yahoo
LUNDIN GOLD SHARE CAPITAL AND VOTING RIGHTS UPDATE
VANCOUVER, BC, May 30, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") reports the following in accordance with the Swedish Financial Instruments Trading Act. PDF Version As a result of the exercise of stock options and the redemption of share units issued under Lundin Gold's equity compensation plan, and the exercise of previously granted anti-dilution rights of the Company's largest shareholder during the month of May, the Company now has 241,224,518 common shares issued and outstanding with voting rights as at May 30, 2025. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the Swedish Financial Instruments Trading Act on disclosure of major shareholdings (Transparency Rules). About Lundin Gold Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company's board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact. Furthermore, Lundin Gold is focused on continued exploration on its extensive and highly prospective land package to identify and develop new resource opportunities to ensure long-term sustainability and growth for the Company and its stakeholders. Additional Information The information in this release is subject to the disclosure requirements of Lundin Gold under the Swedish Financial Instruments Trading Act. This information was publicly communicated on May 30, 2025 at 2:00 p.m. Pacific Time through the contact persons set out below. SOURCE Lundin Gold Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
09-05-2025
- Business
- Cision Canada
LUNDIN GOLD ANNOUNCES VOTING RESULTS FROM ANNUAL MEETING
VANCOUVER, BC, May 9, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) (" Lundin Gold" or the " Company") is pleased to report the voting results from the Company's 2025 Annual General Meeting of Shareholders (" Annual Meeting"), which was held today in a hybrid format. PDF Version A total of 204,086,650 common shares were voted at the meeting, representing 84.78% of the votes attached to all the outstanding common shares. Shareholders voted by ballot in favour of each of the items of business at the Annual Meeting as follows: View PDF % For % Against Election of Directors Carmel Daniele 99.77 0.23 Gillian Davidson 99.25 0.75 Ian W. Gibbs 85.20 14.80 Melissa Harmon 98.40 1.60 Ashley Heppenstall 98.06 1.94 Ron Hochstein 98.09 1.91 Scott Langley 97.70 2.30 Jack Lundin 96.84 3.16 Angelina Mehta 99.94 0.06 % For % Withheld Appointment of Auditors – PricewaterhouseCoopers LLP 99.96 0.04 % For % Against Advisory Vote on the Company's Approach to Executive Compensation 99.61 0.39 % For % Against Approval of Amendments to the Company's equity compensation plan 98.46 1.54 All nine directors will serve on the Company's Board of Directors until the next annual meeting of shareholders or until their successors are elected or appointed. Detailed voting results for the 2025 Annual Meeting are available on SEDAR+ at About Lundin Gold Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company's board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact. Furthermore, Lundin Gold is focused on continued exploration on its extensive and highly prospective land package to identify and develop new resource opportunities to ensure long-term sustainability and growth for the Company and its stakeholders. Additional Information This information was publicly communicated on May 9, 2025 at 3:00 p.m. Pacific Time through the contact persons set out below. SOURCE Lundin Gold Inc.
