Business
Lundin Gold Declares Quarterly Dividends of US$0.79 Per Share
VANCOUVER, BC, Aug. 7, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to announce
About this update from Lundin Gold Inc.
[{"type":"text","content":" VANCOUVER, BC, Aug. 7, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) (\"Lundin Gold\" or the \"Company\") is pleased to announce that its Board of Directors has declared quarterly cash dividends of US$0.79 per common share (the \"Quarterly Dividends\"), comprised of the fixed dividend of US$0.30 per share and the variable dividend of US$0.49 per share. The dividends will be payable on September 25, 2025 to shareholders of record at the close of business on September 10, 2025. This dividend qualifies as an \"eligible dividend\" for Canadian income tax purposes. Ron Hochstein, President and CEO commented, \"Following a record free cash flow quarter for Lundin Gold, I am very pleased to announce quarterly cash dividends of US$0.79 per share, totaling approximately US$190 million. This robust payout reflects our commitment to returning significant value to shareholders, a key tenet of our recently amended dividend policy. As we continue to generate strong free cash flow, we are well-positioned to both reward our investors and strategically invest in our long-term growth initiatives.\" Quarterly Dividends payable on September 25, 2025 U.S. dollars per share Approximate total in US$m Fixed dividend 0.30 72 Variable dividend 0.49 118 Total Quarterly dividends 0.79 190 Based on today's closing price of the Company's common shares on the TSX of CAD$74.08, the Quarterly Dividends totaling US$0.79 per common share represent an estimated annual yield of approximately 5.9%2. The variable dividend for the second quarter 2025 was calculated as follows: Amounts expressed in thousands of U.S. dollars, except share and per share amounts Free cash flow1 235,670 2025 annual payments of $95.3m paid in Q2 – Added Back 95,341 2025 annual payments of $95.3m pro-rated quarterly (23,835) Fixed Dividends paid during the second quarter (72,369) Normalized free cash flow after Fixed Dividend 234,807 50% of normalized free cash flow paid as variable dividend 117,404 Shares outstanding as of August 7, 2025 241,267,371 Variable dividend per share 0.49 Subject to the continued discretion of the Board of Directors, the variable dividend will be equal to an amount per share based on at least 50% of the Company's normalized free cash flow, after the deduction of the fixed divi...