VANCOUVER, BC, July 8, 2026 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to report second quarter 2026 gold production of 118,994 ounces ("oz") from its Fruta del Norte gold mine ("Fruta del Norte") in southeast Ecuador. Of the total quarterly gold production, 79,208 oz were produced as concentrate and 39,786 oz as doré. During the same quarter in 2025, the Company produced 139,433 oz of gold. All amounts are in U.S. dollars unless otherwise indicated. PDF Version
In the second quarter of 2026, the mill processed 500,143 tonnes of ore resulting in an average throughput rate of 5,496 tonnes per day ("tpd") at an average grade of 8.3 grams per tonne with recoveries of 89.1%.
Jamie Beck, President and CEO commented, "Second quarter production of 118,994 ounces of gold, in what was planned to be the weakest quarter of the year, emphasizes the strength of our operations. Despite a total of nine days of planned plant maintenance during the quarter, improved access to higher grade stopes, resulted in materially higher throughput and grades in June, driving a strong finish to the quarter and reinforcing our operating momentum heading into the second half of the year. We remain focused on mine and plant performance and are on track to achieve our 2026 production guidance of 475,000 to 525,000 ounces of gold."
Production Results
|
Q2 2026 |
Q2 2025 |
H1 2026 |
H1 2025 |
Ore processed (tonnes) |
500,143 |
460,820 |
996,941 |
858,979 |
Average throughput (tonnes per day) |
5,496 |
5,064 |
5,508 |
4,745 |
Average head grade (grams per tonne) |
8.3 |
10.4 |
8.4 |
10.4 |
Recovery (%) |
89.1 % |
90.9 % |
89.2 % |
89.8 % |
Gold ounces produced |
118,994 |
139,433 |
238,736 |
256,746 |
Concentrate |
79,208 |
92,242 |
158,659 |
167,736 |
Doré |
39,786 |
47,191 |
80,077 |
89,010 |
Gold ounces sold |
110,385 |
136,737 |
225,693 |
254,378 |
Average realized gold price ($/oz sold) |
4,3591 |
3,361 |
4,662 |
3,231 |
1 Average realized gold price during the second quarter of 2026 was negatively impacted by declining gold prices on provisionally priced gold sales which were below fair value estimates as at March 31, 2026. Gold sales for the quarter before provisional pricing impact were done at a price of $4,525 per ounce and provisional pricing adjustments reduced the average realized gold price by $166 per ounce. |
Second Quarter of 2026 Results Conference Call and Webcast
Lundin Gold will publish its second quarter 2026 results on Thursday, August 6, 2026, after market close in North America. The Company will host a conference call and webcast to discuss its results on Friday, August 7 at 8:00 a.m. PT, 11:00 a.m. ET, 5:00 p.m. CET. Conference call details and a link to the webcast will be published with second quarter 2026 results.