Latest news with #LundinGoldInc
Cision Canada
09-07-2025
- 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.
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.
Cision Canada
24-04-2025
- Business
- Cision Canada
LUNDIN GOLD RELEASES 2024 SUSTAINABILITY REPORT
VANCOUVER, BC, April 24, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to announce the release of its 2024 Sustainability Report which outlines the Company's progress and performance against its 5-Year Sustainability Strategy across its business activities. All amounts are in U.S. dollars unless otherwise indicated. PDF Version View PDF " Last year was a remarkable year for our Company. Along with 2024 marking our 10 th anniversary in Ecuador and 5 th anniversary of production, it was a year of record performance – including our sustainability performance," said Ron Hochstein, President and Chief Executive Officer of Lundin Gold. " As we close out our 5-year Sustainability Strategy (2021-2025), we are seeing the cumulative positive impacts of our work, both in our area of influence and more broadly in Ecuador. We have already achieved the majority of our 2025 targets set under our strategy; this outstanding performance was achieved through the commitment of our employees who integrate sustainability across our business. I am proud of this work and look forward to developing our new 5-year sustainability strategy, continuing to build trust with our stakeholders, and creating shared value in Ecuador for generations to come." Highlights of Lundin Gold's 2024 Sustainability Report: Achieved zero significant safety incidents (on-site and off-site. Achieved an industry low greenhouse gas (GHG) emissions (Scopes 1 and 2) intensity of 0.10 tCO 2 e per ounce of gold produced. Met the five-year water reduction target early, achieving per capita water consumption of 197 litres per day, a significant accomplishment compared to the 2021 per capita consumption of 326 litres per day. Progressed alignment of the Fruta del Norte tailings facility with the Global Industry Standards for Tailings Management (GISTM). Surpassed our 2025 land reclamation and rehabilitation target by restoring a total of 15.4 hectares of land since 2021. Surpassed our 2025 waste management target through 94% recovery of non-hazardous solid waste (recycling and reuse); also achieved a 27% reduction in the generation of hazardous waste since 2021. Continued to divert more than 40% of waste from tailings to backfill in the mine. Commenced the second phase of a large urban regeneration infrastructure project in our area of influence, with local government co-financing. Continued to provide internet connectivity to all 22 communities in our area of influence. Maintained strong support of local suppliers in Zamora Chinchipe through expenditures of $28 million in the year. Surpassed 3,400 psychotherapy sessions since the launch of a mental health and well-being program in our local community in November 2023. Contributed to a 100% graduation rate at the local high school in our area of influence through the assistance of the Company's educational support program. Increased direct economic contributions in Ecuador of $290 million, including wages and benefits, operating costs and community investments, as compared to $285 million in 2023. Lundin Gold's Sustainability Report was developed with guidance from globally recognized sustainability reporting frameworks, standards, and recommendations, including the European Sustainability Reporting Standards (ESRS), Global Reporting Initiative (GRI) and the Sector Standard for Mining (GRI 14), Sustainability Standards Accounting Board (SASB), and United Nations Sustainable Development Goals (UN SDGs). As a participant of the UN Global Compact (UNGC), the 2024 Sustainability Report is part of our Communication on Progress commitment. Lundin Gold's Sustainability Report is available for download on the Company's website. 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. 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 April 24, 2025 at 5:00 a.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 several places, such as in statements relating to the Company's sustainability initiatives and targets and the impact of such activities, including its commitment and activities to reduce its GHG emissions. 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 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 risks relating to: instability in Ecuador; community relations; reliability of 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; regulatory risk; 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.
Yahoo
18-04-2025
- Business
- Yahoo
Lundin Gold (TSE:LUG) spikes 21% this week, taking five-year gains to 574%
Buying shares in the best businesses can build meaningful wealth for you and your family. While the best companies are hard to find, but they can generate massive returns over long periods. Don't believe it? Then look at the Lundin Gold Inc. (TSE:LUG) share price. It's 505% higher than it was five years ago. If that doesn't get you thinking about long term investing, we don't know what will. Also pleasing for shareholders was the 68% gain in the last three months. We love happy stories like this one. The company should be really proud of that performance! Since the stock has added CA$2.4b to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns. We've discovered 2 warning signs about Lundin Gold. View them for free. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). During the five years of share price growth, Lundin Gold moved from a loss to profitability. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here. Since the company was unprofitable five years ago, but not three years ago, it's worth taking a look at the returns in the last three years, too. We can see that the Lundin Gold share price is up 427% in the last three years. Meanwhile, EPS is up 23% per year. Notably, the EPS growth has been slower than the annualised share price gain of 74% over three years. So it's fair to assume the market has a higher opinion of the business than it did three years ago. The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image). We consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Lundin Gold's TSR for the last 5 years was 574%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence! It's nice to see that Lundin Gold shareholders have received a total shareholder return of 205% over the last year. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 46% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand Lundin Gold better, we need to consider many other factors. For example, we've discovered 2 warning signs for Lundin Gold that you should be aware of before investing here. Lundin Gold is not the only stock that insiders are buying. For those who like to find lesser know companies this free list of growing companies with recent insider purchasing, could be just the ticket. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
