LUGDF (Lundin Gold) Accumulated Depreciation: $-597 Mil (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LUGDF Lundin Gold Inc LUGDF
81 GF Score
Price $55.90
GF Value $46.83
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Lundin Gold Accumulated Depreciation?

Lundin Gold LUGDF -6.07% 81 Accumulated Depreciation is $-597 Mil as of Mar. 2026. GuruFocus rates LUGDF with a GF Score™ of 81/100 and a GF Value™ of $46.83 (Modestly Overvalued). The stock has 1 warning sign investors should review.

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Lundin Gold's quarterly accumulated depreciation increased from Sep. 2025 ($-542 Mil) to Dec. 2025 ($-570 Mil) and increased from Dec. 2025 ($-570 Mil) to Mar. 2026 ($-597 Mil).

Lundin Gold's annual accumulated depreciation increased from Dec. 2023 ($-351 Mil) to Dec. 2024 ($-461 Mil) and increased from Dec. 2024 ($-461 Mil) to Dec. 2025 ($-570 Mil).

Lundin Gold Accumulated Depreciation Related Terms

Lundin Gold Accumulated Depreciation Historical Data

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The historical data trend for Lundin Gold's Accumulated Depreciation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lundin Gold Accumulated Depreciation Chart

Lundin Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accumulated Depreciation
Get a 7-Day Free Trial Premium Member Only Premium Member Only -148.19 -248.75 -351.43 -460.76 -570.27

Lundin Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Accumulated Depreciation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -486.11 -515.87 -541.81 -570.27 -596.81
LUGDF
81GF Score
Lundin Gold Inc LUGDF
Accumulated Depreciation is just one metric. See GF Score™, valuation, warning signs, and more.
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Lundin Gold Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

What does a Accumulated Depreciation of $-597 Mil mean?
Lundin Gold (LUGDF) has a Accumulated Depreciation of $-597 Mil as of Mar. 2026. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Lundin Gold and its competitors.
Is Lundin Gold's Accumulated Depreciation too high?
Lundin Gold's current Accumulated Depreciation is $-597 Mil. Overall, Lundin Gold has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lundin Gold's Accumulated Depreciation compare to NEM and AU?
Lundin Gold's Accumulated Depreciation of $-597 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accumulated Depreciation for a Metals & Mining company?
A good Accumulated Depreciation depends on the Metals & Mining industry context. However, Accumulated Depreciation should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accumulated Depreciation mean?
A high Accumulated Depreciation can signal that a stock is expensive relative to its fundamentals. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Lundin Gold and its competitors. Lundin Gold's current Accumulated Depreciation is $-597 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lundin Gold stock overvalued right now?
Based on GuruFocus' analysis, Lundin Gold (LUGDF) is currently considered Modestly Overvalued. The stock's GF Value™ is $46.83, compared to a current price of $55.90 — trading 19.4% above its estimated fair value. The current Accumulated Depreciation is $-597 Mil. Lundin Gold's overall GF Score™ is 81/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accumulated Depreciation calculated?
Accumulated Depreciation is calculated from a company's financial statements. For Lundin Gold (LUGDF), the current Accumulated Depreciation is $-597 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lundin Gold (LUGDF) Overvalued in 2026?

Based on GuruFocus' analysis, Lundin Gold stock appears to be overvalued. The current stock price of $55.90 is trading 19.4% above its estimated GF Value™ of $46.83. GuruFocus considers Lundin Gold to be Modestly Overvalued.

Key valuation signals for LUGDF:

  • Accumulated Depreciation: $-597 Mil
  • GF Value™: $46.83 vs. price of $55.90 (19.4% above fair value)
  • GF Score™: 81/100 with 1 warning sign

No single metric tells the full story. See the LUGDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Lundin Gold Business Description

Address 1055 Dunsmuir Street, Suite 2800, Four Bentall Centre, Po Box 49225, Vancouver, BC, CAN, V7X 1L2
Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador. The company[s primary business activity is the Fruta del Norte operating mine in Ecuador which derives majority of its revenues.
81GF Score

Get the complete analysis for LUGDF

Accumulated Depreciation is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$55.90
Price
$46.83
GF Value