Monday, October 6, 2025

Latest

Lundin Sells 125,887 Gold Ounces In Q3 At Average Price Of $2,615

Lundin Mining (TSX: LUG) saw third quarter production of 122,154 ounces at its Fruta del Norte gold mine in Ecuador. The figure represents an increase of more than 8% compared to the third quarter of 2023.

Production is said to have consisted of 73,532 ounces of gold in concentrate, while 48,622 ounces were in the form of dore, both figures of which improved on a year over year basis.

Total sales during the quarter meanwhile came in at 125,887 ounces, versus 112,711 ounces in the year ago period. The substantial change here however was the average realized gold price, which climbed to $2,615 an ounce, versus $1,931 an ounce in Q3 2023, a substantial 35% increase.

From an operations standpoint, Lundin processed 425,340 tonnes at a rate of 4,623 tonners per day, with an average grade of 10.3 g/t and recoveries of 86.8%.

Lundin also confirmed this morning that it has made the second and final payment to Newmont to buyout the balance of a stream credit facility and offtake agreement for the Fruta del Norte mine. A second payment of $150 million was made on September 27.

Full financial results for the third quarter are slated to be released on November 7 after the close of markets.

Lundin Mining last traded at $31.43 on the TSX.


Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to this organization. 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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

BMO Reiterates $15 Price Target On Lundin Mining Following Investor Meeting

Last week, Lundin Mining Corporation (TSX: LUN) CEO Peter Rockandel sat down with BMO Capital...

Saturday, December 11, 2021, 12:49:00 PM

Lundin Mining Hits 2021 Production Guidance With 262,884 Copper Tonnes

Lundin Mining Corporation (TSX: LUN) announced that it has met the 2021 annual production guidance...

Friday, January 14, 2022, 10:58:00 AM

Lundin Mining Fined For Massive Sinkhole

Well folks, another mining disaster has come to a close. Lundin Mining (TSX: LUN) on...

Saturday, February 8, 2025, 12:34:00 PM

Lundin Mining Suffers Fatality At Neves-Corvo, Indefinite Processing Halt At Chapada Over Weekend

Lundin Mining Corp (TSX: LUN) arguably had a terrible weekend of news releases. The hits...

Monday, September 28, 2020, 08:01:00 AM

BMO Lowers Lundin Mining Price Target Following Further Strikes

Over the weekend, Lundin Mining (TSX: LUN) announced that they would be suspending guidance for...

Monday, October 19, 2020, 02:59:56 PM