Lundin Gold Inc. (LUG) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to London Gold's fourth quarter and fiscal year 2025 conference call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If anyone has any difficulties hearing the conference, please press star zero for operator assistance at any time. I would now like to turn the conference call over to Jamie Betts, President and CEO. Please go ahead. Thank you, Operator, and good morning, everyone. Thank you all for joining us today. I'm joined here by Terry Smith, our Chief Operating Officer, and Chester See, our Chief Financial Officer. We're going to take you through our results for the fourth quarter and full year 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 US dollar reporting entity and all amounts in this presentation refer to US dollars unless otherwise indicated. 2025 was an exceptional year for Lending Gold marked by strong operational delivery, record financial performance, and important advances across our growth pipeline. At Fruta del Norte, we produced approximately 498,000 ounces of gold and sold 503,000 ounces. Our average head grade was 9.5 grams per ton, average recovery was 89%, and the mill processed over 1.8 million tons at a record average throughput of 5,009 tons per day. These results underscore the consistency of the operation and the success of our ongoing optimization work. Amidst strong gold prices, we remain focused and disciplined on our cost performance. For the...