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Lundin Gold Inc. (T:LUG)

Business Focus: Gold Mining

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Sector:  Basic Materials Industry:  Gold
 
See Regulatory Filings on SEDAR
Company Contact
Address: 885 Georgia St W Suite 2000
VANCOUVER BC V6C 3E8
Tel: N/A
Website: https://www.lundingold.com
IR: See website
Key People
Ronald F. Hochstein
President, Chief Executive Officer, Director
Alessandro Bitelli
Chief Financial Officer, Executive Vice President - Finance
Chester See
Vice President - Finance
Sheila M. Colman
Vice President - Legal, Corporate Secretary
Anthony P George
Vice President - Project Development
Nathan Monash
Vice President - Business Sustainability
Nicholas Teasdale
Vice President - Exploration
   
Business Overview
Lundin Gold Inc (Lundin Gold), formerly Fortress Minerals Corp, is a Canada-based gold mining company. The Company owns the Fruta del Norte Project located in southeast Ecuador, which is an undeveloped gold project. The Company's Fruta del Norte Project is located in the Cordillera del Condor region of Zamora, Chinchipe province, southeastern Ecuador. The Fruta del Norte Project consists of approximately 30 mining concessions, which cover an area of approximately 75,000 hectares located in southeastern Ecuador, in the Province of Zamora and in Morona Santiago province. The Fruta del Norte Project is consist of over three concessions and covers an area of approximately 4,660 hectares located in the Province of Zamora Chinchipe. The Company's subsidiaries include Aurelian Resources Inc, Aurelian Resources Corporation Ltd, Aurelian Ecuador S.A. and Ecoaurelian Agricola S.A. The Company's Aurelian Ecuador S.A. holds the concessions underlying the Fruta del Norte Project.
Financial Overview
For the six months ended 30 June 2019, Lundin Gold Inc revenues was not reported. Net loss increased from $5.8M to $38.5M. Higher net loss reflects Derivative gain (loss) increase from $5.1M to $24.3M (expense), Foreign exchange gain (loss) decrease from $7.1M (income) to $2.9M (expense), Stock-based compensation increase of 47% to $2M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.11 to -$0.17.
Reporting Currency: U.S. Dollars
Enterprise value: $2,234M as of Jun 30, 2019
Annual revenue (TTM): $0.00M as of Jun 30, 2019
EBITDA (TTM): -$34.80M as of Jun 30, 2019
Net annual income (TTM): -$72.57M as of Jun 30, 2019
Free cash flow (TTM): -$534.16M as of Jun 30, 2019
Net Debt Last Fiscal Year: $624.75M as of Jun 30, 2019
Shares outstanding: 223,172,502 as of Sep 10, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization