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Lundin Gold Three Year Outlook Anticipates Sustained Free Cash Flow Generation And Continued Investment In Exploration
2025 highlights include the benefits of increased throughput to 5,000 tpd and improved gold recoveries and an exploration program with 80,000 metres of
About this update from Lundin Gold Inc.
[{"type":"text","content":" 2025 highlights include the benefits of increased throughput to 5,000 tpd and improved gold recoveries and an exploration program with 80,000 metres of drilling VANCOUVER, BC, Dec. 9, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) (\"Lundin Gold\" or the \"Company\") is pleased to announce its 2025 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. 2025 Guidance Highlights: Gold production is estimated between 475,000 to 525,000 ounces (\"oz\"). Cash operating costs1 and all-in sustaining costs1 (\"AISC\") are expected to range between $730 to $790 and $935 to $995 per oz of gold sold2, respectively. Total sustaining capital in 2025 is estimated at $75 to $85 million which includes 15,000 metres planned to be drilled under the resource conversion program. In light of exploration success, the Company's near-mine exploration program's footprint is being expanded to incorporate additional land which was previously considered part of the regional program. 65,000 metres is planned to be drilled (see Figure 1). The regional exploration program will broaden with a new three-year greenfield strategy over the Company's unexplored land package of over 50,000 hectares. In its first year the focus will consist of surface exploration and airborne surveys to identify new targets for exploration drilling in 2026. Lundin Gold anticipates continuing to declare quarterly dividends of $0.20 per share. The Company's guidance for the year 2025 is provided in the table below. 2025 Gold Production (oz) 475,000 – 525,000 Mill Throughput (tpd) 5,000 Head Grade (g/t Au) 9.2 Average Mill Recovery (%) 90 % Sustaining Capital ($ million) 75 – 85 Cash operating cost1 ($/oz sold)2 730 – 790 AISC1 ($/oz sold)2 935 – 995 Near-mine Exploration Program ($ million) 32 Regional Exploration Program ($ million) 8 1 See Non-GAAP Financial Measures section. 2 Gold/silver price per oz assumptions are $2,500/$31.00, respectively. Ron Hochstein, President and CEO commented, \"2025 will be another exciting year for Lundin Gold. The commissioning of the plant expansion project is going well, which is expected to increase plant throughput to 5,000 tonnes per day and...