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Lundin Gold Inc. (T:LUG)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 885 Georgia St W Suite 2000
Tel: N/A
IR: See website
Key People
Lukas H. Lundin
Independent Chairman of the Board
Ronald F. Hochstein
President, Chief Executive Officer, Director
Alessandro Bitelli
Chief Financial Officer, Executive Vice President
Chester See
Vice President - Finance
Iliana Rodriguez
Vice President - Human Resources
Sheila M. Colman
Vice President - Legal, Corporate Secretary
David Dicaire
Vice President - Projects
Nathan Monash
Vice President - Business Sustainability
Business Overview
Lundin Gold Inc. is a Canada-based mining company. The Company owns the Fruta del Norte gold mine and approximately 30 metallic mineral concessions, totaling approximately 64,500 hectares. The Fruta del Norte Project is comprised of approximately seven concessions covering an area of approximately 5,566 hectares and is located approximately 140 kilometeres eastnortheast of the City of Loja in southeastern Ecuador. The Fruta del Norte deposit is an intermediate sulphidation epithermal gold-silver deposit. The Fruta del Norte's mineralogy consists of chalcedonic to crystalline quartz, manganese carbonates, calcite, adularia, barite, marcasite, and pyrite, as well as subordinate sphalerite, galena, chalcopyrite, traces of tetrahedrite and silver sulphosalts. The Company produces gold in the form of concentrate and dore bars. Its subsidiaries include Aurelian Ecuador S.A., Condor Finance Corp., Ecoaurelian Agricola S.A, Aurelianmenor S.A. and Surnorte S.A.
Financial Overview
For the three months ended 31 March 2020, Lundin Gold Inc revenues increased from $0K to $36.9M. Net loss increased 21% to $9.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Derivative loss (gain) decrease from $468K (income) to $2.6M (expense), Other expense (income) decrease of 60% to $1M (income).
Reporting Currency: U.S. Dollars
Enterprise value: $3,817M as of Mar 31, 2020
Annual revenue (TTM): $49.32M as of Mar 31, 2020
EBITDA (TTM): -$6.65M as of Mar 31, 2020
Net annual income (TTM): -$161.35M as of Mar 31, 2020
Free cash flow (TTM): -$449.16M as of Mar 31, 2020
Net Debt Last Fiscal Year: $1,005M as of Mar 31, 2020
Shares outstanding: 229,865,083 as of Jun 29, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization