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Lundin Gold Beats 2022 Guidance With Gold Production of 476,329 Ounces
VANCOUVER, BC, Jan. 9, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to report
About this update from Lundin Gold Inc.
[{"type":"text","content":" VANCOUVER, BC, Jan. 9, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) (\"Lundin Gold\" or the \"Company\") is pleased to report fourth quarter 2022 gold production of 121,139 ounces (\"oz\") from its Fruta del Norte gold mine (\"Fruta del Norte\") in southeast Ecuador, resulting in total gold production of 476,329 oz for the year, exceeding the high end of the Company's 2022 guidance of 460,000 oz. Of the total quarterly gold production, 78,756 oz were produced as a concentrate and 42,383 oz as doré. During the same quarter in 2021, the Company produced 107,915 oz of gold. In the fourth quarter of 2022, the mill processed approximately 420,838 tonnes at an average throughput rate of 4,574 tonnes per day (\"tpd\"), the average grade of ore milled was 10.0 grams per tonne, and average recovery was 89.6%. Ron Hochstein, President and CEO commented, \"I am extremely happy to announce that for the second year running, Lundin Gold has beaten its production guidance. We continue to push the boundaries of what Fruta del Norte is capable of, and noteworthy improvements have been made across the board as compared to last year. Our average throughput of 4,574 tpd this fourth quarter is proof that there is a lot more we can get out of Fruta del Norte, and I'm particularly excited to continue building on our successes in 2023.\" Production Results Q4 2022 FY 2022 Q4 2021 FY 2021 Ore processed (tonnes) 420,838 1,559,178 379,166 1,415,634 Average throughput (tonnes per day) 4,574 4,272 4,121 3,878 Average head grade (grams per tonne) 10.0 10.6 9.9 10.6 Recovery (%) 89.6 % 89.5 % 89.7 % 88.6 % Gold ounces produced 121,139 476,329 107,915 428,514 Concentrate 78,756 314,694 75,299 289,499 Doré 42,383 161,635 32,616 139,015 Gold ounces sold 119,890 470,103 108,476 427,298 Year End 2022 Results Conference Call and Webcast Lundin Gold will publish its year end 2022 results on Thursday, February 23, 2023, after market close in North America. The Company will host a conference call and webcast to discuss its results on Friday, February 24 at 7:00 a.m. PT, 10:00 a.m. ET, 4:00 p.m. CET. Conference call details and a link to the webcast will be published with the year end 2022 results. Qualified Persons The technical information relating to Fruta del Norte contained in this News Release ha...