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Production / Operations

LUNDIN GOLD REPORTS Q3 2025 PRODUCTION OF 122,086 OUNCES OF GOLD

By The Northwire Desk — AI Analysis Oct 08, 2025 · 17:00 LUG · 97.17 Lundin Gold Inc.
LUG · Price

Executive Summary

  • Lundin Gold reported Q3 2025 gold production of 122,086 oz, essentially flat versus Q3 2024 (122,154 oz).
  • Year‑to‑date production reached 378,832 oz, positioning the company on track to meet its 2025 guidance of 490,000–525,000 oz.
  • Average realized gold price rose sharply to US$3,634/oz, reflecting higher market prices and provisionally priced sales above fair‑value estimates.

Key Details

  • Total Gold Produced (Q3 2025): 122,086 oz
  • Concentrate: 78,172 oz
  • Doré: 43,914 oz
  • Gold Sold (Q3 2025): 124,911 oz
  • Average Realized Gold Price: US$3,634 per ounce (up from $2,615 in Q3 2024).
  • Ore Processed: 484,296 tonnes (throughput 5,264 t/d).
  • Average Head Grade: 8.9 g/t (down from 10.3 g/t in Q3 2024).
  • Recovery Rate: 88.2% (up from 86.8% in Q3 2024).
  • Year‑to‑Date Production (as of Q3): 378,832 oz (vs. 366,788 oz YTD 2024).
  • Year‑to‑Date Gold Sold: 379,289 oz (vs. 364,199 oz YTD 2024).
  • Average Realized Price YTD: US$3,364/oz (vs. $2,390/oz YTD 2024).
  • Management Commentary: President & CEO Ron Hochstein highlighted successful debottlenecking, a record average daily throughput of 5,264 t/d, and ongoing opportunities to improve recoveries.

Notable Quotes

“Our strong performance this quarter propels our year‑to‑date gold production to 378,832 ounces, which has us well on track to meet our 2025 production guidance of 490,000 to 525,000 ounces.” – Ron Hochstein, President and CEO

The release also includes standard forward‑looking statements, qualified person disclosure, and conference call information, which have been omitted for brevity.

Read the original news release →

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Earnings