Lundin Gold Inc. ( (LUGDF) ) has released its Q2 earnings. Here is a breakdown of the information Lundin Gold Inc. presented to its investors.
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Lundin Gold Inc., headquartered in Vancouver, Canada, operates the Fruta del Norte gold mine in Ecuador, known for its high-grade gold production. In the second quarter of 2025, the company reported record financial performance with revenues of $453 million from the sale of 136,737 ounces of gold at an average realized price of $3,361 per ounce. This strong performance resulted in an EBITDA of $319 million and net income of $197 million. The company’s cash operating costs were $756 per ounce sold, and all-in sustaining costs were $927 per ounce. The company declared dividends totaling $0.79 per share, reflecting its robust cash flow generation. Lundin Gold also reported significant progress in its exploration programs, with promising results from drilling activities around the Fruta del Norte mine. The company has increased its 2025 production guidance to 490,000-525,000 ounces of gold, maintaining a positive outlook for the remainder of the year. Lundin Gold continues to focus on operational excellence and strategic growth initiatives while maintaining its commitment to community engagement and sustainability.