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Lundin Gold Inc. (T:LUG)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: 885 Georgia St W Suite 2000
VANCOUVER BC V6C 3E8
Tel: 1-604-8063089
Website: https://www.lundingold.com
IR: See website
Key People
Ronald F. Hochstein
President, Chief Executive Officer, Director
Christopher Kololian
Chief Financial Officer
Terry Smith
Chief Operating Officer
Chester See
Senior Vice President - Finance
Sheila M. Colman
Vice President - Legal, Corporate Secretary
Nathan Monash
Vice President - Business Sustainability
Andre Oliveira
Vice President - Exploration
   
Business Overview
Lundin Gold Inc. is a Canada-based mining company. The Company owns the Fruta del Norte gold mine in southeast Ecuador and a large exploration land package that hosts the Fruta del Norte deposit at its northern edge. The deposit is hosted in the La Zarza concession, located in the 38 square kilometers (km2) Suarez Pull-Apart Basin. Fruta del Norte deposit is located within a 150 kilometers (km) long copper-gold metallogenic sub-province in the Cordillera del Condor region in southeastern Ecuador. It is comprised of seven concessions covering an area of approximately 5,566 hectares and is located approximately 140 kilometers (km) east-northeast of the City of Loja. Fruta del Norte deposit is an intermediate sulphidation epithermal gold-silver deposit measuring approximately 1,670 meters along strike, and 700 meters down dip. Its mineralogy consists of chalcedonic to crystalline quartz, manganese carbonates, calcite, adularia, barite, marcasite and pyrite.
Financial Overview
For the fiscal year ended 31 December 2023, Lundin Gold Inc revenues increased 11% to $902.5M. Net income increased from $73.6M to $179.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Finance charge decrease of 73% to $54.1M (expense), Interest expense decrease of 41% to $17.7M (expense), Other finance costs decrease of 58% to $2.4M (expense).
Employees: 1,839 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $4,505M as of Dec 31, 2023
Annual revenue (TTM): $1,224M as of Dec 31, 2023
EBITDA (TTM): $715.55M as of Dec 31, 2023
Net annual income (TTM): $243.47M as of Dec 31, 2023
Free cash flow (TTM): $513.17M as of Dec 31, 2023
Net Debt Last Fiscal Year: $11.07M as of Dec 31, 2023
Shares outstanding: 238,146,346 as of Mar 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization