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Lundin Gold Inc

Company price
91.57 CAD 5.63 ( 6.55%)
Last update at 2026-11-04T16:36:00Z
VOLUME
221580
Market Cap
25128.71M
P/E
25.60

Momentum Score

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Lundin Gold Inc., together with its subsidiaries, develops and operates its mineral concessions in Ecuador. It explores for gold and silver deposits. The company holds interests in 27 metallic mineral concessions and 3 construction material concessions covering an area of approximately 65,000 hectares located in Ecuador. It also holds a 100% interest in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located in the Cordillera del Cóndor region of southeast Ecuador. The company was formerly known as Fortress Minerals Corp. and changed its name to Lundin Gold Inc. in December 2014. Lundin Gold Inc. was incorporated in 1986 and is headquartered in Vancouver, Canada.

Source: TradingView
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Day Price Range
89.73
Low
91.81
High
52 Week Price Range
49.51
Low
129.25
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Lundin Gold operates the Fruta del Norte gold mine in Ecuador and pursues nearby exploration.

Long-term growth may be supported by resource extensions, operational gains and exposure to gold prices, making it an established high‑grade producer that appears positioned to generate cash flow.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
85.94
Dividend Yield
2.03%
Revenue TTM
1782.94M
Revenue Per Share
7.40
Gross Profit TTM
1361.38M
Debt / Equity
0.29
ROE
61.40%
Net Debt
-409.32M
ROCE
80.34%
Diluted EPS TTM
4.06

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 1143.21M 634.12M 285.04M 177.27M 257.10M
Net income 806.02M 426.05M 179.46M 73.56M 221.43M
Selling general administrative 64.42M 32.62M 21.03M 19.41M 25.50M
Selling and marketing expenses - 41.17M 23.72M - -
Gross profit 1187.24M 840.37M 571.78M 369.75M 355.71M
Reconciled depreciation 135.13M 137.00M 136.63M 130.68M 107.56M
Ebit 1121.70M 629.60M 390.43M 130.93M 355.71M
Ebitda 1259.19M 766.60M 527.06M 261.60M 409.56M
Depreciation and amortization 137.50M 137.00M 136.63M 130.68M 53.85M
Operating income 1121.70M 766.58M 527.03M 130.93M 355.71M
Other operating expenses 692.46M 426.47M 375.49M 480.77M 412.18M
Interest expense 0.00M 253.74M 86.65M 29.97M 34.19M
Tax provision 331.39M 208.07M 105.58M 103.72M 35.67M
Interest income 22.86M 4.66M 12.96M 145.83M 0.35M
Net interest income 22.86M -250.25M -72.31M -235.71M -50.93M
Income tax expense 337.19M 208.07M 105.58M 103.72M 35.67M
Total revenue 1814.15M 1193.05M 902.52M 815.67M 733.33M
Total operating expenses 65.54M 73.79M 44.75M 34.85M 34.56M
Cost of revenue 626.91M 352.69M 330.74M 445.91M 377.62M
Total other income expense net 21.52M -132.46M -241.99M 46.34M -98.61M
Net income from continuing ops 792.15M 426.05M 179.46M 73.56M 221.43M
Net income applicable to common shares 792.15M 426.05M 179.46M 73.56M 221.43M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 1783.91M 1527.48M 1468.21M 1668.87M 1685.11M
Other current assets 18.31M - 60.01M 33.82M 32.37M
Total liab 422.26M 311.18M 512.40M 816.78M 870.64M
Total stockholder equity 1361.65M 1216.30M 955.81M 852.08M 814.48M
Other current liab 372.63M 8.72M 4.15M 85.00M 112.78M
Common stock 1055.30M - 1008.93M 989.77M 974.74M
Capital stock 1057.22M 1035.40M 1008.93M 989.77M 974.74M
Retained earnings 340.32M 212.59M -69.62M -154.16M -180.68M
Other liab - - - 53.67M 7.84M
Other assets 10.64M - - 16.49M 114.66M
Cash 409.32M 349.20M 268.02M 363.40M 262.61M
Cash and equivalents - - - - 262.61M
Total current liabilities 387.80M 215.51M 187.03M 440.52M 311.02M
Current deferred revenue - - 106.56M - -
Net debt -409.32M - 8.16M 276.13M 450.33M
Short term debt 0.00M - 59.57M 341.26M 184.66M
Short long term debt - - - 84.59M 70.55M
Short long term debt total - - 276.18M 639.53M 712.94M
Other stockholder equity -40.66M - 14.54M 13.86M 13.57M
Property plant equipment 774.77M - - 964.81M 1042.22M
Total current assets 981.37M 674.46M 533.89M 635.32M 528.24M
Net tangible assets - - - 852.08M 814.48M
Short term investments 219.71M - - 79.80M -
Net receivables 241.32M 155.95M 116.44M 148.31M 148.31M
Long term debt - - 216.62M 298.26M 528.28M
Inventory 92.71M 88.21M 89.41M 89.79M 84.95M
Accounts payable 15.17M 18.26M 16.75M 14.26M 13.57M
Accumulated other comprehensive income -33.98M - 1.96M 2.61M 6.85M
Non currrent assets other - - 55.40M 68.74M 83.55M
Non current assets total 802.53M 853.02M 934.32M 1033.54M 1156.88M
Long term debt total 0.00M - - 298.26M 524.74M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -93.50M -55.22M -60.07M -63.11M
Change to liabilities - - - 3.44M 17.39M
Total cashflows from investing activities -98.93M -93.50M -53.48M -60.07M -63.11M
Net borrowings 0.00M -101.11M -278.03M -131.72M -103.73M
Total cash from financing activities -667.28M -487.49M -561.23M -264.10M -171.43M
Change to operating activities - - - 13.00M 11.97M
Net income 806.02M 426.05M 179.46M 73.56M 221.43M
Change in cash 173.91M 81.17M -95.38M 100.79M 183.02M
Begin period cash flow 235.41M 268.02M 363.40M 262.61M 79.59M
End period cash flow 409.32M 349.20M 268.02M 363.40M 262.61M
Total cash from operating activities 1052.07M 662.39M 519.39M 426.14M 417.75M
Depreciation 137.50M 137.00M 181.67M 130.68M 107.56M
Other cashflows from investing activities -11.45M -11.11M 42.99M -6.05M -6.12M
Dividends paid 675.42M -143.85M -94.91M 47.03M 47.03M
Change to inventory -4.35M 2.42M 0.13M -7.25M -18.89M
Change to account receivables -9.77M -32.06M 9.39M 2.63M -14.65M
Sale purchase of stock -11.13M 22.14M 14.15M 11.30M 18.58M
Other cashflows from financing activities 0.00M -242.54M -188.29M -85.35M -67.69M
Change to netincome - - - 235.72M 33.70M
Capital expenditures 87.48M 82.40M 48.23M 54.02M 56.99M
Change in working capital 154.57M 59.71M 50.96M -21.59M 50.66M
Stock based compensation 48.46M 15.73M 4.47M 5.01M 3.04M
Other non cash items 50.63M 144.93M 74.20M 161.49M 59.11M
Free cash flow 964.59M 579.99M 471.16M 372.12M 360.76M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
LUG
Lundin Gold Inc
5.63
6.55%
91.57 25.60 17.06 14.09 14.81 11.38 16.12
AEM
Agnico Eagle Mines Limited
19.98
8.53%
254.17 24.22 15.85 11.68 4.34 8.85 12.58
ABX
Barrick Gold Corp
3.34
6.43%
55.27 14.39 10.63 5.80 2.63 4.04 6.19
WPM
Wheaton Precious Metals Corp
14.18
8.62%
178.72 43.69 24.75 38.06 7.39 27.40 31.65
FNV
Franco-Nevada Corporation
17.91
5.66%
334.46 42.91 30.30 36.18 6.45 26.79 28.34

Profile*

Lundin Gold Inc

Lundin Gold Inc., together with its subsidiaries, develops and operates its mineral concessions in Ecuador. It explores for gold and silver deposits. The company holds interests in 27 metallic mineral concessions and 3 construction material concessions covering an area of approximately 65,000 hectares located in Ecuador. It also holds a 100% interest in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located in the Cordillera del Cóndor region of southeast Ecuador. The company was formerly known as Fortress Minerals Corp. and changed its name to Lundin Gold Inc. in December 2014. Lundin Gold Inc. was incorporated in 1986 and is headquartered in Vancouver, Canada.

Four Bentall Centre, Vancouver, BC, Canada, V7X 1L2

604-689-7842

Name Title Year Born
Mr. Ronald F. Hochstein B.Sc., MBA, P.Eng. Pres, CEO & Director 1961
Mr. Alessandro Bitelli Exec. VP & CFO 1958
Ms. Sheila Margaret Colman VP of Legal & Corp. Sec. NA
Mr. Nathan Monash VP of Bus. Sustainability NA
Mr. David Dicaire GM & VP of Projects 1959
Finlay Heppenstall Director of Investor Relations NA
Ms. Iliana Rodriguez VP of HR NA
Mr. Andre Oliveira VP of Exploration NA
Mr. Ronald F. Hochstein B.Sc., MBA, P.Eng. President, CEO & Director 1961
Mr. Terrence F. D. Smith P.Eng. Chief Operating Officer 1976

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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