)
Lundin Gold (LUG) investor relations material
Lundin Gold Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Jamie Beck was appointed President and CEO, succeeding Ron Hochstein after a decade of leadership, effective November 7, 2025.
Achieved record gold production of 122,086 oz in Q3 2025, with 124,911 oz sold and a record mill throughput of 5,264 tpd.
Net income reached a record $208 million, up 53% year-over-year, with EPS of $0.86.
Fruta del Norte (FDN) remains the core asset, with ongoing optimization, expansion, and exploration initiatives.
Free cash flow was $191 million ($0.79 per share), supporting a declared dividend of $0.80 per share.
Financial highlights
Q3 2025 revenues rose 38% year-over-year to $447 million, driven by record gold prices.
EBITDA for the quarter was $312 million, up 41% year-over-year.
Cash balance at quarter-end was $494 million, with working capital of $577 million.
Dividends paid in Q3 totaled $191 million; Q3 dividend payout was $0.80 per share, totaling $193 million.
Free cash flow per share was $0.79.
Outlook and guidance
2025 gold production guidance reconfirmed at 490,000–525,000 oz.
Mill throughput target of 5,500 tpd by 2026, with Q3 2025 achieving a record 5,264 tpd.
Cash operating costs and AISC expected at the upper end of guidance due to higher gold prices and royalties.
Largest ever exploration program expanded to a minimum of 120,000 meters for 2025.
Sustaining capital expenditures to increase with major infrastructure and tailings dam projects.
Next Lundin Gold earnings date
Next Lundin Gold earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)