LUNDIN GOLD REPORTS FIRST QUARTER OF 2024 RESULTS Results Provide Strong Foundation to Meet 2024 Guidance
VANCOUVER, BC, May 8, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to report results for the first quarter of 2024, highlighted by gold production of 111,572 ounces ("oz") and gold sales of 108,916 oz at a cash operating cost[1] of $735 per oz sold and all-in sustaining cost ("AISC")1 of $868 per oz sold from its Fruta del Norte gold mine ("Fruta del Norte" or "FDN") located in southeastern Ecuador. Bolstered by strong operating performance, reduced debt servicing costs and record high gold prices, Fruta del Norte generated in excess of $100 million cash from operating activities in the first quarter, and free cash flow1 of $82.3 million or $0.35 per share, resulting in a cash balance of $324 million as at March 31, 2024. All amounts are in U.S. dollars unless otherwise indicated.
LUNDIN GOLD REPORTS FIRST QUARTER OF 2024 RESULTS (newswire.ca)