Lundin Gold Inc. (LUG) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, and welcome to the Lundin Gold's Q1 and 2025 Financial Results Call Conference Call. At this time, all lines are in these and only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Friday, May 9th of 2025. I would now like to turn the conference over to Ron Horstein. President and CEO, Ron, please go ahead. Thank you, Chester, and good morning, everyone. Thank you all for joining us today. I'm joined by Terry Smith, Chief Operating Officer, and Chester See, our Chief Financial Officer. We're going to take you through our results for the first quarter of 2025. Please note lending goals disclaimers on this slide. This discussion includes forward-looking information. Actual future results may differ from expected results for a variety of reasons described in the caution regarding forward-looking information and statements section of our press release. Lending Gold is a U.S. dollar reporting entity and all amounts in this presentation refer to U.S. dollars unless otherwise indicated. Lending Gold delivered a strong first quarter in 2025, achieving gold production and sales of over 117,000 ounces. Our cash operating cost per ounce sold was 792, and our all-in sustaining cost was $909 per ounce sold. With a strong start to the year, we are confirming our 2025 production guidance of 475 to 525,000 ounces of gold. and our ASIC guidance of $935 to $995 per ounce sold. However, I want to note that our royalties and profit sharing are linked to the gold price, and our 2025 guidance assumes an average gold price of $2,500 per ounce. For every $100 increase in the gold price, we anticipate a ...