Stellar results Fruta del Norte achieves record gold production of 269,752 oz and AISC¹ of $765 per oz sold in the first half of 2023
VANCOUVER, BC, Aug. 9, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") today reports results for the second quarter and first half of 2023, highlighted by Q2 production of 129,731 ounces ("oz") of gold and sales of 128,958 oz, at a cash operating cost1 of $644 per oz sold and all-in sustaining cost ("AISC")1 of $802 per oz sold. For the first half of 2023, Lundin Gold produced 269,752 oz and sold 263,649 of gold at an AISC of $765 per oz. Lundin Gold generated $132 million in free cash flow1 over the three-month period, the highesBased on very strong performance during the first half of 2023, the Company has increased its 2023 production guidance to 450,000 to 485,000 oz. In addition, the Company has reduced its 2023 cash operating cost1 guidance to $650 to $700 per oz sold and AISC1 to $820 to $870 per oz sold. This is compared to previous production guidance of 425,000 to 475,000 oz, cash operating cost1 guidance of $700 to $760 per oz sold and AISC1 guidance of $870 to $940 per oz sold.t quarterly free cash flow1 achieved to date. All amounts are in U.S. dollars unless otherwise indicated. View PDF version.
Debt reduced
December 31 2022 $ 667 961 000
June 30 2023 $ 396 588 000
Jube 30 2024 Almost debt free and
15 years mine life
WOW !!!!