Business
Lundin Gold Reports Q2 2025 Production of 139,433 Ounces of Gold
VANCOUVER, BC, July 9, 2025 /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, July 9, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) (\"Lundin Gold\" or the \"Company\") is pleased to report second quarter 2025 gold production of 139,433 ounces (\"oz\") from its Fruta del Norte gold mine (\"Fruta del Norte\") in southeast Ecuador. Of the total quarterly gold production, 92,242 oz were produced as concentrate and 47,191 oz as doré. During the same quarter in 2024, the Company produced 133,062 oz of gold. All amounts are in U.S. dollars unless otherwise indicated. In the second quarter of 2025, the mill processed 460,820 tonnes of ore resulting in an average throughput rate of 5,064 tonnes per day at an average grade of 10.4 grams per tonne with recoveries of 90.9%. Ron Hochstein, President and CEO commented, \"Our strong performance this quarter has us well on track to meet our 2025 production guidance of 475,000 to 525,000 ounces. The Plant Expansion project, commissioned in the first quarter, has been a clear success, with average throughput reaching 5,064 tonnes per day and recoveries near 91%. Elevated grades also boosted our first-half results, and we anticipate they'll reduce in the second half, and average out to our previously disclosed guidance of 9.2 grams per tonne for the full year. Overall, Fruta del Norte and the operating team continue to perform and pursue operational excellence.\" Production Results Q2 2025 Q2 2024 H1 2025 H1 2024 Ore processed (tonnes) 460,820 424,899 858,979 838,495 Average throughput (tonnes per day) 5,064 4,669 4,745 4,607 Average head grade (grams per tonne) 10.4 11.0 10.4 10.2 Recovery (%) 90.9 % 89.0 % 89.8 % 88.6 % Gold ounces produced 139,433 133,062 256,746 244,634 Concentrate 92,242 83,910 167,736 157,874 Doré 47,191 49,152 89,010 86,760 Gold ounces sold 136,737 129,396 254,378 238,312 Average realized gold price ($/oz sold) 3,361 2,379 3,231 2,270 1 Average realized gold price during the second quarter of 2025 was positively impacted by rising gold prices on provisionally priced gold sales which exceeded fair value estimates as at March 31, 2025. First Quarter of 2025 Results Conference Call and Webcast Lundin Gold will publish its second quarter of 2025 results on Thursday, August 7, 2025, after market close in North America. ...