Record cash generation, revenue, and adjusted EBITDA achieved and supported by a strong gold price
VANCOUVER, BC, Nov. 7, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to report results for the third quarter of 2024, highlighted by record high cash flow with cash from operating activities of $218 million and adjusted free cash flow1 of $182 million or $0.76 per share. This was achieved through record revenues of $323 million realized from the sale of 125,887 ounces ("oz") at an average realized gold price1 of $2,615 per oz. Record adjusted earnings before interest, taxes, depreciation, and amortization ("EBITDA")1 of $220 million were also achieved during the quarter. Cash operating costs1 and all-in sustaining costs ("AISC")1 this quarter were $681 and $877 per oz sold, respectively. All amounts are in U.S. dollars unless otherwise indicated. View PDF
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