Lundin Gold Reports Q2 2025 Gold Production of 139,433 Ounces

Lundin Gold has reported Q2 2025 gold production of 139,433 oz, a 4.6% increase from Q2 2024. The mill processed 460,820 tonnes of ore with an average throughput rate of 5,064 tonnes per day, and recoveries of 90.9%. The company is on track to meet its 2025 production guidance of 475,000 to 525,000 oz.

Lundin Gold Inc. (OTCQX: LUGDF) has reported its Q2 2025 gold production, which stands at 139,433 ounces, representing a 4.6% increase over the same period in 2024. The company's mill processed 460,820 tonnes of ore with an average throughput rate of 5,064 tonnes per day and achieved recoveries of 90.9%. This performance places Lundin Gold on track to meet its 2025 production guidance of 475,000 to 525,000 ounces [1].

The company's strong Q2 performance can be attributed to higher grades, with the mill processing ore at a higher gold content compared to the previous year. Despite the proactive relining of the SAG mill and other maintenance activities, which initially affected throughput, Lundin Gold has managed to maintain a high level of production efficiency [1].

Lundin Gold's financial results for Q2 2025 also reflect a robust performance. The company reported record revenue and near-record operating and free cash flows, driven by higher gold ounces sold and solid cost control. The company's net cash position grew to $452 million, with no debt on its balance sheet, allowing it to announce a special dividend of $0.41 per share and a variable dividend of $0.15 per share for Q2 2025 [1].

Looking ahead, Lundin Gold is expected to continue its strong performance in the second half of 2025. The company aims to increase throughput rates and achieve higher recoveries to meet its annual guidance midpoint. The company's exploration program, which includes the Bonza Sur and Trancaloma projects, is also expected to contribute to future growth [1].

References:

[1] https://seekingalpha.com/article/4799915-lundin-gold-priced-for-perfection