Q2 Production number outand about what I told you.
Lundin Gold Inc (C-LUG) - News Release
Lundin Gold produces 133,062 oz Au from FDN in Q2
2024-07-08 17:32 ET - News Release
Shares issued 239,567,966
LUG Close 2024-07-08 C$ 21.91
Mr. Ron Hochstein reports
LUNDIN GOLD REPORTS PRODUCTION OF 133,062 OUNCES OF GOLD IN THE SECOND QUARTER OF 2024
Lundin Gold Inc. had second quarter 2024 gold production of 133,062 ounces (oz) from its Fruta del Norte (FDN) gold mine in southeastern Ecuador. Of the total quarterly gold production, 83,910 oz were produced as concentrate and 49,152 oz as dore, and gold sales totalled 129,396 ounces. During the same quarter in 2023, the company produced 129,731 oz of gold and gold sales were 128,958 ounces.
In the second quarter of 2024, the mill processed 424,899 tonnes of ore, resulting in an average throughput rate of 4,669 tonnes per day at an average grade of 11.0 grams per tonne, with recoveries of 89.0 per cent.
Ron Hochstein, president and chief executive officer, commented: "Another strong quarter puts us firmly on track to meet our 2024 production guidance of 450,000 to 500,000 oz. Higher grades and recoveries versus last quarter helped to drive the performance, along with average throughput in the second quarter of 4,669 tonnes per day. This improvement in throughput is the result of continued debottlenecking and is not an impact of the process plant expansion project, the completion of which remains on track for year-end. Lundin Gold has had a great first half of the year and a solid foundation to continue building from."
Second quarter of 2024 results conference call and webcast
Lundin Gold will publish its second quarter of 2024 results on Thursday, Aug. 8, 2024, after the market close in North America. The company will host a conference call and webcast to discuss its results on Friday, Aug. 9, 2024, at 5:30 a.m. PT (8:30 a.m. ET) (2:30 p.m. CET). Conference call details and a link to the webcast will be published with the second quarter of 2024 results.