VANCOUVER, BC, April 10, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG; Nasdaq Stockholm: LUG; OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to report first quarter 2025 gold production of 117,313 ounces ("oz") from its Fruta del Norte gold mine ("Fruta del Norte") in southeast Ecuador. Of the total quarterly gold production, 75,494 oz were produced as concentrate and 41,819 oz as doré. During the same quarter in 2024, the Company produced 111,572 oz of gold. All amounts are in U.S. dollars unless otherwise indicated. PDF Version
VANCOUVER, BC, April 4, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to announce that its Annual Meeting of Shareholders will be held on Friday, May 9, 2025 at 9:00 a.m. Pacific Time. Shareholders can participate in person at Lundin Gold's offices at Suite 2800, Four Bentall Centre, 1055 Dunsmuir Street, Vancouver, BC, V7X 1L2 or online at https://meetings.lumiconnect.com/400-136-001-072 (Password: lundin2025). PDF Version
VANCOUVER, BC, March 31, 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 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 March, the Company now has 240,725,793 common shares issued and outstanding with voting rights as at March 31, 2025.
VANCOUVER, BC, Feb. 28, 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 under Lundin Gold's equity compensation plan during the month of February, the Company now has 240,633,086 common shares issued and outstanding with voting rights as at February 28, 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).
VANCOUVER' BC, Feb. 23, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") today announced exceptional high-grade gold and interesting copper drilling results near its 100% owned Fruta del Norte ("FDN") gold mine in southeast Ecuador, including the highest-grade intercepts ever recorded at the FDN South ("FDNS") deposit. The Company also reported encouraging early-stage results at the new Trancaloma target and continued exploration progress at FDN East. Highlights from the near mine program at FDNS, FDN East and Trancaloma are outlined below and except as noted in appendix 1 these results were not included in the 2024 Mineral Resource Estimate ("2024 MRE") published on February 18, 2025. Detailed results are provided at the end of this release (see Appendix 1). PDF Version
Record annual production, cash generation and increased dividend
VANCOUVER, BC, Feb. 20, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to report results for the fourth quarter and year ended December 31, 2024. Lundin Gold's year is highlighted by record annual production of 502,029 ounces ("oz") of gold at an all-in sustaining cost ("AISC")1 of $875 per oz sold, exceeding production guidance of 450,000 to 500,000 oz and achieving AISC1 guidance of $820 to $890 per oz sold. This led to record high cash flow with cash from operating activities of $662 million and adjusted free cash flow1 of $540 million or $2.26 per share. This was achieved through record revenues of $1,193 million realized from the sale of 495,374 oz at an average realized gold price1 of $2,462 per oz. Record adjusted earnings before interest, taxes, depreciation, and amortization ("EBITDA")1 of $780 million were also achieved during the year. All amounts are in U.S. dollars unless otherwise indicated. View PDF
VANCOUVER, BC, Feb. 20, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to announce that its Board of Directors has declared an increased quarterly cash dividend of US$0.30 per common share (equivalent to C$0.431), up from US$0.20 per common share in previous quarters. The dividend will be payable on March 26, 2025 to shareholders of record at the close of business on March 11, 2025. This dividend qualifies as an "eligible dividend" for Canadian income tax purposes. In addition, the Board of Directors has approved and the Toronto Stock Exchange (the "TSX") has accepted the Company's notice of intention to commence a normal course issuer bid (the "NCIB"). PDF Version
VANCOUVER, BC, Feb. 18, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") today reports its updated estimates of Mineral Reserves and Mineral Resources as at December 31, 2024 for its Fruta del Norte gold mine ("FDN") in Ecuador. The tables of the updated estimates of Mineral Reserves and Resources can be found at the end of this release. PDF Version
Highlights
Based on contained gold ounces, the 2024 estimates are the highest ever published at FDN for Mineral Reserves and Resources.Inferred Resources increased by 59% to 2.36 million ounces ("Moz") of contained gold from 13.95 metric tonnes ("Mt") with an average grade of 5.27 grams per tonne ("g/t") net of conversion of 0.65 Moz to Measured and Indicated.FDN South ("FDNS") was the lead contributor to the Inferred Resource growth increasing contained ounces from 0.73 Moz in 2023 to 2.09 Moz from 12.35 Mt with an average grade of 5.25 g/t.Measured and Indicated Mineral Resources increased to 7.06 Moz of contained gold from 30.62 Mt with an average grade of 7.17 g/t.Proven and Probable Mineral Reserves increased to 5.54 Moz of contained gold from 22.06 Mt with an average grade of 7.81 g/t, after 2024 mining depletion of 0.54 Moz.VANCOUVER, BC, Jan. 31, 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 under Lundin Gold's equity compensation plan during the month of January, the Company now has 240,281,498 common shares issued and outstanding with voting rights as at January 31, 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).
2025 highlights include the benefits of increased throughput to 5,000 tpd and improved gold recoveries and an exploration program with 80,000 metres of drilling
VANCOUVER, BC, Dec. 9, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to announce its 2025 guidance and three-year outlook for its 100% owned Fruta del Norte ("FDN") gold mine in southeast Ecuador. All amounts are in U.S. dollars unless otherwise indicated. View PDF
New drilling results highlight the potential of the gold deposit
VANCOUVER, BC, Dec. 3, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to announce additional drilling results from its ongoing 2024 near-mine exploration program at Bonza Sur, in close proximity to its 100%-owned Fruta del Norte ("FDN") gold mine in southeastern Ecuador. Recent results confirm the significant size of the Bonza Sur mineral deposit. Drilling has extended the deposit's length by 800 metres to approximately 2.6 kilometres and widened it to 150 metres. Importantly, Bonza Sur remains open for further discovery in all directions and at depth.
VANCOUVER, BC, Nov. 29, 2024 /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 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 November, the Company now has 240,194,898 common shares issued and outstanding with voting rights as at November 29, 2024.
Record cash generation, revenue, and adjusted EBITDA achieved and supported by a strong gold price
VANCOUVER, BC, Nov. 7, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to report results for the third quarter of 2024, highlighted by record high cash flow with cash from operating activities of $218 million and adjusted free cash flow1 of $182 million or $0.76 per share. This was achieved through record revenues of $323 million realized from the sale of 125,887 ounces ("oz") at an average realized gold price1 of $2,615 per oz. Record adjusted earnings before interest, taxes, depreciation, and amortization ("EBITDA")1 of $220 million were also achieved during the quarter. Cash operating costs1 and all-in sustaining costs ("AISC")1 this quarter were $681 and $877 per oz sold, respectively. All amounts are in U.S. dollars unless otherwise indicated. View PDF
VANCOUVER, BC, Nov. 7, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend of US$0.20 per common share. The dividend will be payable on December 20, 2024 to shareholders of record at the close of business on December 5, 2024. This dividend qualifies as an "eligible dividend" for Canadian income tax purposes. PDF Version
Based on today's closing price of the Company's common shares on the Toronto Stock Exchange ("TSX") of CAD$31.91, this quarterly dividend of US$0.20 per common share represents an estimated annual yield of approximately 3.5%.1
Recent drilling results confirm the continuity and growth potential of FDNS as a new high-grade system across the south of FDN
VANCOUVER, BC, Nov. 4, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to announce additional results from its ongoing 2024 near-mine and conversion drilling programs at its 100% owned Fruta del Norte ("FDN") gold mine in southeast Ecuador. Recent drilling results at FDN South ("FDNS") confirm the continuity and the high-grade nature of this mineralized system across the southern extension of the FDN deposit. The conversion drilling program continued to return high-grade results and confirm mineralization immediately adjacent to mine workings. Highlights from the near mine program and conversion program are outlined below. Detailed results are provided at the end of this release (see Appendix 1). View PDF
VANCOUVER, BC, Oct. 31, 2024 /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 under Lundin Gold's equity compensation plan during the month of October, the Company now has 240,027,814 common shares issued and outstanding with voting rights as at October 31, 2024.
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).
VANCOUVER, BC, Oct. 8, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to report third quarter 2024 gold production of 122,154 ounces ("oz") from its Fruta del Norte gold mine ("Fruta del Norte") in southeast Ecuador. Of the total quarterly gold production, 73,532 oz were produced as concentrate and 48,622 oz as doré, and gold sales totalled 125,887 oz. During the same quarter in 2023, the Company produced 112,212 oz of gold and gold sales were 112,711 oz. All amounts are in U.S. dollars unless otherwise indicated. View PDF
VANCOUVER, BC, Sept. 30, 2024 /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. View PDF
As a result of the exercise of stock options under Lundin Gold's equity compensation plan during the month of September, the Company now has 240,017,068 common shares issued and outstanding with voting rights as at September 30, 2024.
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).
VANCOUVER, BC, Aug. 30, 2024 /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 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 August, the Company now has 239,883,028 common shares issued and outstanding with voting rights as at August 30, 2024.
VANCOUVER, BC, Aug. 12, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") announces that it will be hosting an Investor Day at the Ivey Donald K. Johnson Centre in Toronto on Friday, September 6, 2024, starting at 9:00 a.m. Eastern Time. Members of Lundin Gold's management team including President & CEO, Ron Hochstein; CFO, Chester See; COO, Terry Smith; VP Exploration, Andre Oliveira; and Senior Manager, Business Sustainability, Juan José Herrera will be in attendance for the event. PDF Version
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