Earnings Alerts

Lundin Gold Inc (LUG) Earnings: 4Q Net Revenue Matches Estimates with Strong Growth in Gold Production

By February 21, 2025 No Comments
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  • Lundin Gold’s net revenue for Q4 was $341.8 million, a 79% increase year-over-year, and closely matched estimates of $343.4 million.
  • The average gold price achieved was $2,664 per ounce, a 32% increase year-over-year, just shy of the $2,667 estimate.
  • The total mined volume remained stable at 405,529 tons compared to the previous year’s 405,705 tons.
  • Gold production reached 135,241 ounces, marking a 36% increase year-over-year.
  • The company sold 131,175 ounces of gold, a 34% increase from the previous year.
  • For 2025, Lundin Gold maintains its guidance for gold production between 475,000 to 525,000 ounces, with an average throughput rate of 5,000 tons per day.
  • All-in sustaining costs (AISC) for 2025 are expected to range between $935 and $995 per ounce of gold sold, with quarterly variations based on capital activities.
  • Lundin Gold became debt-free in 2024 and subsequently increased its quarterly dividend to $0.30 per share.
  • The ongoing exploration program has identified new resources, leading to the highest published Mineral Reserves and Resources at Fruta del Norte (FDN).
  • Lundin Gold anticipates generating significant free cash flow over $500 million, given a gold price of $2,500 per ounce, enabling greater capital flexibility and shareholder returns.
  • Analyst recommendations include 5 buys, 8 holds, and no sells for Lundin Gold.

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A look at Lundin Gold Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma Smart Scores, Lundin Gold Inc. shows promising long-term potential. With strong scores in Growth, Resilience, and Momentum, the company appears well-positioned for success. The high Momentum score indicates positive market sentiment and potential for future price appreciation. Additionally, the above-average scores in Growth and Resilience suggest a sustainable business model and opportunities for expansion. While the Value score is lower, the overall outlook for Lundin Gold Inc. seems favorable.

Lundin Gold Inc. is a Canadian mining company focused on gold projects in southeast Ecuador. The company’s solid performance across key factors such as Growth, Resilience, and Momentum underlines its potential for long-term success in the mining industry. The company’s operations in a region known for its rich mineral deposits further bolster its growth prospects. Investors may view Lundin Gold Inc. as a promising player within the mining sector, given its positive Smartkarma Smart Scores and strategic focus on gold projects.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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