Northwire Canada EditionTuesday, November 10, 2026
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Other

Lundin Gold Announces TSX Approval for Renewal of its Normal Course Issuer Bid

By The Northwire Desk — AI Analysis Feb 26, 2026 · 21:00 LUG · 124.89 Lundin Gold Inc.
LUG · Price

Executive Summary

  • Lundin Gold received TSX approval to renew its Normal Course Issuer Bid, allowing the company to repurchase up to 12,086,020 common shares (5% of outstanding shares).
  • The NCIB will run for a 12‑month period from March 3 2026 to March 2 2027 (or until the purchase limit is reached), funded entirely with existing cash resources.
  • Daily purchases on the TSX are capped at 234,063 shares (25% of average daily volume) and may also be executed via alternative Canadian trading systems or block‑purchase exceptions.

Key Details

  • Maximum Shares: Up to 12,086,020 common shares (5% of 241,720,418 outstanding as of Feb 24 2026).
  • Purchase Period: March 3 2026 – March 2 2027 (or earlier if the share limit is met).
  • Daily Purchase Limit: 234,063 shares (25% of average daily volume of 936,252 shares for six months ending Jan 31 2026).
  • Funding Source: Existing cash resources; no new financing required.
  • Execution Mechanism: Purchases will be made in accordance with TSX rules through the TSX facilities and/or alternative Canadian trading systems; block‑purchase exception may apply.
  • Management Discretion: Timing and quantity of purchases are at management’s discretion, subject to securities laws and TSX regulations; repurchases may be suspended or discontinued at any time.
  • Previous NCIB Outcome: The prior NCIB (Feb 25 2025 – Feb 24 2026) allowed up to 12,020,129 shares but no purchases were made.

Notable Quotes

(No direct quotes provided in the release.)

Read the original news release →

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