Saturday, August 9, 2025

Lundin Gold Sees Gold Production Improve 5% Year Over Year In First Quarter

Lundin Gold (TSX: LUG) has seen a slight improvement in gold production in the first quarter. The company this morning reported Q1 production of 117,313 ounces of gold, a 5% improvement on a year over year basis.

Production during the quarter amounted to 75,494 ounces of concentrate and 41,819 ounces in the form of dore. The performance follows the mill operating at a rate of 4,424 tonnes per day, with average grades of 10.4 g/t and recoveries of 88.5%.

“2025 is off to a strong start, marked by the successful completion of our Plant Expansion Project this quarter. Capitalizing on the downtime associated with the new equipment tie-ins, we proactively completed the relining of the SAG mill, as well as other maintenance that was originally scheduled in the second quarter, positioning us well for the remainder of the year,” commented CEO Ron Hochstein on the performance.

Full financial results are scheduled to be released on May 8, after the close of markets.

Lundin Gold last traded at $48.01 on the TSX.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold/Silver: People Can Still Lose Money In This Bull Market!? | Rick Rule

He Said $300 Silver!? | Peter Krauth

Dollar Will Collapse, Gold and Silver Are the Only Safe Havens | Jim Rogers

Recommended

Nova Scotia Bans Forest Access to Prevent Wildfires

Cardiol Therapeutics Releases Positive Topline Results From Phase II Clinical Trial

Related News

Lundin Gold Achieves Record Revenue & Cash Flow in Q3 2024

Lundin Gold Inc. (TSX: LUG) recently reported its third quarter performance in 2024, driven by...

Friday, November 8, 2024, 10:09:00 AM

Lundin Gold 2024 Results: 137% Net Income Jump, Hits 500K-Ounce Production Mark

Lundin Gold (TSX: LUG) has announced its fourth quarter and full-year 2024 financial and operational...

Friday, February 21, 2025, 10:04:00 AM

Lundin Gold Exceeds 2021 Production Guidance With 428,514 Ounces

Lundin Gold Inc. (TSX: LUG) announced on Monday the production results for Q4 2021 and...

Tuesday, January 11, 2022, 10:17:00 AM

BMO Reiterates Lundin Gold Following Production Beat

Lundin Gold (TSX: LUG) announced their second-quarter production results last week. The company announced that...

Monday, July 19, 2021, 04:22:00 PM

Lundin Gold: Canaccord Says Fruta Del Norte Mine Ranks Among Best In World

Lundin Gold Inc. (TSX: LUG) on Tuesday provided investors with a three-year outlook. The company...

Friday, December 2, 2022, 12:36:00 PM