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Lundin Gold ( (TSE:LUG) ) has shared an announcement.
Lundin Gold Inc. has announced significant results from its 2025 drilling programs at the Fruta del Norte gold mine, confirming larger mineralized systems at both Fruta del Norte South and FDN East. The company achieved the highest-grade intercept ever drilled at FDNS, advancing towards an initial Mineral Reserve estimate in early 2026. The exploration also revealed FDN East as a new epithermal vein deposit, indicating substantial growth potential and prompting an expansion of the 2025 drilling program to 120,000 meters with 17 rigs. These developments are expected to enhance Lundin Gold’s resource base and extend the mine’s life, benefiting stakeholders and reinforcing the company’s industry position.
The most recent analyst rating on (TSE:LUG) stock is a Hold with a C$108.00 price target. To see the full list of analyst forecasts on Lundin Gold stock, see the TSE:LUG Stock Forecast page.
Spark’s Take on TSE:LUG Stock
According to Spark, TipRanks’ AI Analyst, TSE:LUG is a Outperform.
Lundin Gold’s strong financial performance, highlighted by impressive revenue growth, debt elimination, and robust cash flow generation, is the most significant factor driving its stock score. The positive sentiment from the earnings call further supports the company’s strong positioning, despite some operational challenges in Ecuador. Technical analysis indicates a strong upward trend, while the fair valuation and attractive dividend yield add to the stock’s appeal.
To see Spark’s full report on TSE:LUG stock, click here.
More about Lundin Gold
Lundin Gold Inc. is a mining company focused on the exploration and development of gold properties. Its primary operation is the Fruta del Norte gold mine located in southeast Ecuador, where it engages in conversion and near-mine exploration drilling programs to expand its mineral reserves.
Average Trading Volume: 1,195,735
Technical Sentiment Signal: Buy
Current Market Cap: C$27.26B
See more data about LUG stock on TipRanks’ Stock Analysis page.