Business
Lundin Gold Achieves Record Q4 Throughput and Achieves 2025 Production Guidance with 498,315 Ounces of Gold
VANCOUVER, BC, Jan. 12, 2026 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to
About this update from Lundin Gold Inc.
[{"type":"text","content":" VANCOUVER, BC, Jan. 12, 2026 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) (\"Lundin Gold\" or the \"Company\") is pleased to announce annual gold production of 498,315 ounces (\"oz\") in 2025 from its Fruta del Norte gold mine (\"Fruta del Norte\") in southeast Ecuador, achieving the Company's 2025 elevated guidance range of 490,000 to 525,000 oz. Gold production in the fourth quarter 2025 totalled 119,483 oz, consisting of 78,577 oz of concentrate and 40,906 oz of doré, and gold sales totalled 503,330 oz. All amounts are in U.S. dollars unless otherwise indicated. In the fourth quarter of 2025, the mill processed a record 484,950 tonnes of ore resulting in an average throughput rate of 5,271 tonnes per day at an average grade of 8.7 grams per tonne with recoveries of 88.3%. Jamie Beck, President and CEO commented, Jamie Beck, President and CEO commented, \"I'm pleased to report that Lundin Gold achieved its revised 2025 production guidance of 490,000 to 525,000 oz with total annual production of 498,315 oz, including 119,483 oz in the fourth quarter. This strong result was supported by record quarterly throughput of 5,271 tonnes per day. Looking ahead to 2026, we expect to continue ramping up the mill to an average throughput of 5,500 tonnes per day and are targeting increasing recoveries to 91%, which will support our production guidance of 475,000 to 525,000 oz.\" Production Results Q4 2025 FY 2025 Q4 2024 FY 2024 Ore processed (tonnes) 484,950 1,828,225 427,030 1,690,865 Average throughput (tonnes per day) 5,271 5,009 4,642 4,620 Average head grade (grams per tonne) 8.7 9.5 11.3 10.5 Recovery (%) 88.3 % 89.0 % 87.1 % 87.8 % Gold ounces produced 119,483 498,315 135,241 502,029 Concentrate 78,577 324,485 88,834 320,240 Doré 40,906 173,830 46,407 181,789 Gold ounces sold 124,041 503,330 131,175 495,374 Average realized gold price ($/oz sold) 4,299 3,594 2,664 2,462 Year End 2025 Results Conference Call and Webcast Lundin Gold will publish its year end 2025 results on Thursday, February 19, 2026, after market close in North America. The Company will host a conference call and webcast to discuss its results on Friday, February 20 at 8:00 a.m. PT, 11:00 a.m. ET, 5:00 p.m. CET. Conference call details and a link to the webcast will be published with the year end 2025 results...