Business
Lundin Gold Provides 2026 Guidance and Strategic Three-Year Outlook Highlighting Continued Growth and Exploration
Company expects continued dividend payments and evaluates expansion beyond 5,500 tpd supported by largest-ever drill program VANCOUVER, BC, Dec. 8, 2025 /CNW/
About this update from Lundin Gold Inc.
[{"type":"text","content":" Company expects continued dividend payments and evaluates expansion beyond 5,500 tpd supported by largest-ever drill program VANCOUVER, BC, Dec. 8, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) (\"Lundin Gold\" or the \"Company\") is pleased to announce its 2026 guidance and three-year outlook for its 100% owned Fruta del Norte (\"FDN\") gold mine in southeast Ecuador. All amounts are in U.S. dollars unless otherwise indicated. Jamie Beck, President and CEO commented, \"2026 marks an important step forward for Lundin Gold as we continue to unlock the full potential of Fruta del Norte and its extensions. With increased throughput to 5,500 tonnes per day, sustained free cash flow generation, and the largest exploration program in our history, we are positioning the Company for long-term growth. Our investments in exploration to date are delivering tangible results, and these successes are driving future expansion opportunities, including a development decision on Fruta del Norte South (\"FDNS\") expected in H1 2026 and a mine to mill throughput expansion decision in H2 2026. At the same time, we remain committed to delivering strong returns to shareholders through our dividend policy. Our strategy combines operational excellence with an ambitious exploration, expansion, and development program, ensuring that Lundin Gold continues to create value well into the future.\" 2026 Guidance Highlights: Targeting between 475,000 to 525,000 ounces (\"oz\") of gold production. Maintaining competitive cost structure with cash operating costs1 projected at $900 to $960 per oz and all-in sustaining cost (\"AISC\")1 at $1,110 to $1,170 per oz of gold sold2 respectively, at an assumed gold price of $4,000 an oz. Investing $75 to $90 million in sustaining capital1 to support long-term operational excellence. Investment decision expected in H1 2026 on the development of FDNS. Evaluating opportunities to expand the mine and mill capacity beyond 5,500 tonnes per day (\"tpd\") with an investment decision expected in H2 2026. Launching an $85 million exploration campaign, the largest in Lundin Gold's history, with 133,000 metres of drilling planned to unlock new growth potential. Continuing to deliver shareholder returns through fixed quarterly dividends of $0.30 per share and a v...