Lundin Gold Inc (OSTO:LUG)

Q2 2025 Lundin Gold Inc Earnings Call Transcript

Aug 8, 2025 / 12:30 PM GMT

Release Date Price: kr545.42 (+10.81%)

Transcript

Key Points

Positve

Lundin Gold Inc (LUGDF) reported record revenues of $453 million for Q2 2025, a 50% increase compared to the same quarter in 2024.
The company achieved a record net income of $197 million, up 65% from the previous year.
Free cash flow grew by 110% to $236 million, enabling a total dividend of $0.79 per share.
The company raised the lower end of its 2025 production guidance from 475,000 to 490,000 ounces of gold.
Lundin Gold Inc (LUGDF) reported significant exploration progress, including promising results from the FDNS and FDNE projects and the discovery of a new copper-gold porphyry system at Sandia.

Negative

Higher gold prices have increased operating costs, with an approximate $70 per ounce rise in costs due to the higher gold price.
The company expects to be at the high end of its cost guidance ranges due to increased expenses for royalties and employee profit sharing.
Sustaining capital expenditures are expected to increase in the second half of the year due to ongoing infrastructure improvement projects.
There is a potential moderation in the mill head grade expected in the second half of the year.
The company faces challenges in optimizing recoveries and throughput, with some bottlenecks identified in the concentrate dewatering process.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LUG.TO - Lundin Gold Inc
Q2 2025 Lundin Gold Inc Earnings Call
Aug 08, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen, and welcome to London Gold's 2nd quarter 2025 financial results conference call.

At this time, all lines are in a lesson only mode. Following the presentation, we will conduct a question and answer session. If anyone has any difficulties hearing the conference, please press 0 for operator assistance at any time.

I would not like to turn a conference call over to Ron Hofstein, President and CEO. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator, and good morning, everyone.

Thank you all for

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