Highlights

  • Lundin Gold generated record USD 926M free cash flow with 498,315 oz of gold produced.
  • Total revenues reached USD 1.78B from 503,330 oz sold at an average USD 3,594 per oz.
  • Company declared USD 1.15 per share dividend payable in Q1 2026.

Lundin Gold (TSX:LUG)’s Ecuador-based gold mine, Fruta del Norte (FDN), achieved an average throughput of 5,009 tonnes per day in 2025, with gold recovery rates of 89.0%. Cash operating costs were reported at USD 838/oz, while all-in sustaining costs (AISC) were USD 1,015/oz. These costs remained competitive despite higher royalties and employee profit sharing linked to prevailing gold prices.

The production for the year totaled 498,315 oz, in line with the company’s guidance, supporting revenues of USD 1.78B from sales of 503,330 oz at an average realized gold price of USD 3,594 per oz. The completion of the process plant expansion earlier in the year contributed to operational stability.

Exploration Activities and Resource Development
The company advanced its largest exploration program to date, drilling a total of 121,519 metres across conversion and near-mine programs. Lundin Gold reported that the Fruta del Norte South (FDNS) now has an initial Mineral Reserve, while FDN East carries an initial Inferred Mineral Resource. Drilling at both locations continues to indicate high-grade epithermal systems with potential to extend the mine life.

Additionally, exploration of emerging copper-gold porphyry systems at Sandia, Trancaloma, Castillo, and other targets highlights the district’s mineral potential. The combination of high-grade epithermal deposits and several porphyry centers adds long-term optionality to the district’s mineral portfolio.

Financials and Dividends
For the full year 2025, Lundin Gold generated a record USD 926M in free cash flow and returned USD 664M in dividends. The company has declared a Q1 2026 dividend of USD 1.15 per share. Lundin Gold maintained a debt-free balance sheet while continuing to invest in its growth pipeline and operational improvements.

Share Performance
Lundin Gold Inc shares rise 1.49 percent to 109.00 CAD on 19 Feb 2026.

With operations producing in line with guidance, Lundin Gold delivered record revenues and cash flow in 2025 while advancing exploration programs across multiple targets. The company enters 2026 with no debt, ongoing exploration, and declared shareholder dividends.

FAQs

Q1. What were Lundin Gold’s production and revenue figures for 2025?
Lundin Gold produced 498,315 oz of gold and reported revenues of USD 1.78B.

Q2. What were the average realized gold prices and operating costs?
The company achieved an average gold price of USD 3,594/oz, with cash operating costs of USD 838/oz and AISC of USD 1,015/oz.

Q3. How much dividend did Lundin Gold declare for Q1 2026?
Lundin Gold declared a dividend of USD 1.15 per share payable in Q1 2026.