Lundin Gold Inc
LUG · TSX · producer · market cap $18.3B as of 24 Aug 2026
What Lundin Gold Inc's own filings say about its costs, margins and results, every figure cited.
Lundin Gold Inc share price
- Latest AISC$1,176/ozRank 3 of 35release
- Margin at today's spot
- Gold produced, attributable118,994source
- EV per oz of P&P reserves
- Next report5 Novprior report
Today's spot price minus the latest reported mining cost. Reporting periods vary. This is an illustrative spread, not reported profit. Methodology
Company-reported data · Fixed cohorts · No estimated costs
How to read these figures
- Primary sources: every figure is the company's own, cited to the release or filing it came from.
- Fixed cohorts: the companies in each median are set for the calendar year, so a median never moves because membership moved.
- No modelled costs: no cost or margin here is estimated by us; where a company states no figure, the page says so.
About Lundin Gold Inc
Lundin Gold produces gold in the form of concentrate and doré bars from its properties in Southeast Ecuador. Fruta del Norte, the company's only material mineral property, is a gold mine situated in the province of Zamora Chinchipe, Ecuador, about 142 kilometres east-northeast of Loja. Lundin Gold's only mining and exploration interests are in Ecuador. Lundin Gold developed the mine after a 2015-2016 feasibility study and achieved commercial production in February 2020. At the filing date, the company's properties in Ecuador consisted of 28 metallic mining concessions covering approximately 64,182 hectares and three construction material concessions. As of December 31, 2025, Mineral Reserves for the mine totaled approximately 25.7 million tonnes at an average grade of 7.09 grams per tonne gold and 10.77 grams per tonne silver, containing approximately 5.85 million ounces of gold and 8.89 million ounces of silver in the Proven and Probable categories. In 2025, the company had 2,013 employees: 1,862 permanent and 139 temporary positions in Ecuador, and 12 in Canada. The company's corporate headquarters is in Vancouver, Canada. Its primary share listing is on the TSX, where its shares trade under the symbol LUG.
Costs and margins
- Price, quarter average
- $4,512/toz
- AISC
- $1,176/oz
- Margin
- $3,336/oz
- Margin, % of price
- 73.9%
Latest AISC $1,176 per troy ounce. Gold miners: median AISC $1,926 per troy ounce, Q2 2026, 35 reporters. 3 lowest of 35 gold miners reporting Q2 2026.
| Category | Gold price (quarterly average) | All-in sustaining cost (AISC) |
|---|---|---|
| Q3 2025 | $3,459 | $1,036 |
| Q4 2025 | $4,152 | $1,193 |
| Q1 2026 | $4,876 | $1,114 |
| Q2 2026 | $4,512 | $1,176 |
| Category | Gold price (quarterly average) | All-in sustaining cost (AISC) |
|---|---|---|
| Q3 2025 | $3,459 | $1,036 |
| Q4 2025 | $4,152 | $1,193 |
| Q1 2026 | $4,876 | $1,114 |
| Q2 2026 | $4,512 | $1,176 |
All-in sustaining cost (AISC) and the average gold price by quarter, newest first, US$ per ounce; every row cites the company's own release.
Its panel on the Miner Margins page carries the cohort it sits in and the basis notes.
Production and guidance
Q2 2026, as reported
- Gold produced, attributable
- 118,994 oz
- Prior-quarter gold production
- 119,742 oz
More ways to compare Lundin Gold Inc
- Reported AISC
- Rank 3 of 35View comparable rankings
- Proven and probable gold reserves
- Rank 13 of 13View comparable rankings
Lundin Gold's mines and operations
Mine-by-mine operating data will be added as company filings are reviewed.
Financials, as filed
Key financials
- Revenue
- $1.0B
- Net income
- $493.2M
- Operating cash flow
- $495.2M
- Capital expenditure
- $42.5M
- Cash and equivalents
- $507.1M
- EPS (diluted)
- $2.03
Rounded from the figures as filed; the exact figures, concepts and filings are below.
Figures as filed, with concept, provenance and filing
| Measure | Period | Value | Provenance | Filing |
|---|---|---|---|---|
| Revenue statement:revenues | FY 2025 | $1,782,940,000 | extracted from filed statements, p. 125 | Financial Statements · 24 Apr 2026 |
| Revenue statement:revenues | H1 2026 | $1,045,072,000 | extracted from filed statements, p. 21 | Interim Financial Statements · 6 Aug 2026 |
| Net income statement:net-income-for-the-year | FY 2025 | $792,151,000 | extracted from filed statements, p. 125 | Financial Statements · 24 Apr 2026 |
| Net income statement:net-income-for-the-period | H1 2026 | $493,200,000 | extracted from filed statements, p. 21 | Interim Financial Statements · 6 Aug 2026 |
| EPS (basic) statement:basic | FY 2025 | $3.29 | extracted from filed statements, p. 125 | Financial Statements · 24 Apr 2026 |
| EPS (basic) statement:basic | H1 2026 | $2.04 | extracted from filed statements, p. 21 | Interim Financial Statements · 6 Aug 2026 |
| EPS (diluted) statement:diluted | FY 2025 | $3.27 | extracted from filed statements, p. 125 | Financial Statements · 24 Apr 2026 |
| EPS (diluted) statement:diluted | H1 2026 | $2.03 | extracted from filed statements, p. 21 | Interim Financial Statements · 6 Aug 2026 |
| Operating cash flow statement:net-cash-provided-by-operating-activities | FY 2025 | $1,023,029,000 | extracted from filed statements, p. 127 | Financial Statements · 24 Apr 2026 |
| Operating cash flow statement:net-cash-provided-by-operating-activities | H1 2026 | $495,163,000 | extracted from filed statements, p. 23 | Interim Financial Statements · 6 Aug 2026 |
| Capital expenditure statement:acquisition-and-development-of-property-plant-and-equipment | FY 2025 | $85,977,000 | extracted from filed statements, p. 127 | Financial Statements · 24 Apr 2026 |
| Capital expenditure statement:acquisition-and-development-of-property-plant-and-equipment | H1 2026 | $42,455,000 | extracted from filed statements, p. 23 | Interim Financial Statements · 6 Aug 2026 |
| Cash and equivalents statement:cash-and-cash-equivalents | FY 2025 | $630,181,000 | extracted from filed statements, p. 124 | Financial Statements · 24 Apr 2026 |
| Cash and equivalents statement:cash-and-cash-equivalents | H1 2026 | $507,130,000 | extracted from filed statements, p. 20 | Interim Financial Statements · 6 Aug 2026 |
| Shares outstanding statement:balance-december-31-2025 | FY 2025 | 241,432,550 | extracted from filed statements, p. 126 | Financial Statements · 24 Apr 2026 |
| Shares outstanding statement:common-shares-issued-and-outstanding | H1 2026 | 241,832,730 | extracted from filed statements, p. 13 | Interim Financial Statements · 6 Aug 2026 |
| Dividends paid statement:dividends-paid | FY 2025 | $663,798,000 | extracted from filed statements, p. 127 | Financial Statements · 24 Apr 2026 |
| Dividends paid statement:cash-dividends-paid | H1 2026 | $570,696,000 | extracted from filed statements, p. 23 | Interim Financial Statements · 6 Aug 2026 |
| Dividend per share statement:dividends-paid-per-share | FY 2025 | $2.75 | extracted from filed statements, p. 8 | Financial Statements · 24 Apr 2026 |
| Dividend per share statement:dividends-paid-per-share | H1 2026 | $5.45 | extracted from filed statements, p. 3 | Interim Financial Statements · 6 Aug 2026 |
Reserves and resources
Year-end 2025, million ounces, gold basis, as the company states it. Reserves and resources are separate classes and are never added together.
| Proven and probable | Proven | Probable | Measured and indicated | Inferred | Source |
|---|---|---|---|---|---|
| 5.8 Moz | 2.5 Moz | 3.3 Moz | 7.5 Moz inclusive of reserves | 2.0 Moz | source |
Filings
No filings are currently available in SilverTrade's dataset for this company.
How to read this page
Costs are the company's own consolidated all-in sustaining cost (gold, silver) or C1 cash cost (copper), as stated, on the basis the company states; the reference price is the quarter's average from World Bank Commodity Price Data (CC BY 4.0); the margin is that price less the stated cost, a production-cost spread and not company net profit; financials are as filed in the filing currency, never converted; report dates are confirmed from the company's notice or estimated from its own past pattern and say which. The full methodology is on the Miner Margins page.