Lundin Gold (LUGDF)
OTHER OTC:LUGDF
Earnings Data
Report Date
May 13, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.18Last Year’s EPS
0.64Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial performance for 2025 — record production, record quarterly and annual financial metrics, robust cash flow generation ($926M FCF), a healthy balance sheet ($630M cash at year-end), continued dividends and substantial exploration success including FDNS being added to reserves. Lowlights were largely manageable or developmental in nature: cost metrics rose relative to guidance due to elevated realized gold prices (raising royalties/profit sharing), anticipated grade decline requiring higher throughput, potential for higher development/mining costs at FDNS, and some near-term uncertainty on expansion capex and timing. On balance, the highlights materially outweigh the lowlights, with the company positioned to fund growth while returning capital to shareholders.Company Guidance
Record Production and Strong Operational Performance
Fruta del Norte produced ~498,315 ounces of gold in 2025 and sold ~503,000 ounces; mill processed over 1.8 million tonnes for the year with a record average throughput of 5,009 tonnes per day, and Q4 mill throughput averaged 5,271 tpd (a 14% increase vs Q4 2024). Full-year production was inside guidance (490,000–525,000 oz).
Outstanding Financial Results and Cash Generation
Full-year net revenues of $1.78 billion, net income of $792 million and EBITDA of $1.24 billion. Cash from operations was $1.0 billion and free cash flow was $926 million for 2025; Q4 free cash flow was $328 million. Ended year with $630 million in cash after paying $664 million in dividends.
Quarterly Records
Q4 2025 delivered quarterly records including revenue of $527 million, net income of $234 million, EBITDA of $364 million, free cash flow of $328 million, earnings per share of $0.97, and an AISC margin per ounce reported at $3,106 (all cited as quarterly records).
Low Unit Costs and Strong Margin
2025 cash operating costs averaged $838 per ounce and all-in sustaining costs (AISC) averaged $1,015 per ounce. Management reported a basic margin of 72%, reflecting strong realized pricing combined with disciplined costs.
Capital Returns and Dividend Policy
Board declared a Q4 dividend of $1.15 per share (~$278 million), comprised of $0.30 fixed and $0.85 variable (variable dividend reflected 100% of normalized free cash flow this quarter, above the policy minimum of 50%). Company returned $664 million in dividends for the year.
Reserve and Resource Growth
Proven and probable reserves increased to 5.85 million ounces, up 6% year-over-year, including inaugural FDNS reserve of 0.54 million oz. Measured & indicated resources rose to 7.48 million oz (up 6% YoY). Inferred resources now exceed 2.0 million oz with additions from FDNS and FDN East.
Exploration Success and District-Scale Potential
Strong near-mine and district exploration results: FDNS conversion and high-grade intercepts (e.g., 20.65 m at 91.32 g/t and other very high-grade hits), Sandia porphyry best intercept to date of 322 m at 1.08% CuEq, Castillo highlight 101 m at 0.8% CuEq, and expansion of the porphyry corridor from ~5 to ~10 km strike. Company plans a 133,000 meter exploration program in 2026.
FDNS Advancement into Development
FDNS was included in mineral reserves and underground development towards the deposit will proceed; 2026 nonsustaining capital associated with FDNS development currently estimated at $30–$35 million. FDNS is integrated into the ongoing mine-to-mill expansion study.
Safety Performance
No lost time incidents recorded in 2025 and the lowest annual total recordable incident rate (TRIR) in company history, highlighting strong HSE performance.
LUGDF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LUGDF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $77.13 | $78.41 | +1.66% |
Nov 06, 2025 | $69.98 | $69.29 | -0.99% |
Aug 07, 2025 | $51.95 | $55.29 | +6.43% |
May 07, 2025 | $41.27 | $40.47 | -1.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Lundin Gold (LUGDF) report earnings?
Lundin Gold (LUGDF) is schdueled to report earning on May 13, 2026, TBA (Confirmed).
What is Lundin Gold (LUGDF) earnings time?
Lundin Gold (LUGDF) earnings time is at May 13, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is LUGDF EPS forecast?
LUGDF EPS forecast for the fiscal quarter 2026 (Q1) is 1.18.