Lundin Gold Reports Third Quarter 2026 Results
Key Highlights
- ➤Gold production 153,736 oz, quarterly record at Fruta del Norte
- ➤Revenues $633 million and adjusted earnings $297 million
- ➤Free cash flow $331 million; shareholders received $264 million
- ➤2026 production and AISC guidance reaffirmed at 475,000–525,000 oz and $1,110–$1,170/oz
- ➤FDNS and mill expansion investment decision expected in fourth quarter
Expert Statements
Jamie Beck, President and CEO of Lundin Gold
“The third quarter delivered record production at FDN, a result of strong mill throughput and gold grades, driving another quarter of strong financial results.”
Jamie Beck, President and CEO of Lundin Gold
“Following this record quarterly performance, we remain on track to deliver our full year guidance notwithstanding our expectation that fourth quarter production will be the lowest of the year, primarily reflecting lower grades in the mine sequence, as well as scheduled mill maintenance completed in October.”
Jamie Beck, President and CEO of Lundin Gold
“Our exploration programs delivered another quarter of exceptional drilling results, including the discovery of a new epithermal gold system at Quebrada Dorada.”
Jamie Beck, President and CEO of Lundin Gold
“This discovery doubles the extent of the known epithermal gold trend from four kilometres to eight and, when combined with continued exploration success at FDN, FDNS, FDN East, and Bonza Sur, underscores our confidence in our ability to sustain production volumes over the long term as we expand processing capacity.”
Jamie Beck, President and CEO of Lundin Gold
“Looking ahead, we expect to make the integrated investment decision on FDNS and the mill expansion this quarter, a key step in our long-term strategy, and we remain committed to delivering significant returns to our shareholders.”
Lundin Gold Inc. Record Production and Earnings Drive Continued Significant Shareholder Returns
VANCOUVER, BC, November 4, 2026 /CNW/ - Lundin Gold Inc. (TSX: LUG; Nasdaq Stockholm: LUG; OTCQX: LUGDF) (“Lundin Gold” or the “Company”) today announced its financial and operational results for the third quarter ended September 30, 2026. All amounts are in U.S. dollars unless otherwise indicated. The third quarter of 2026 was the strongest in the history of Fruta del Norte (“FDN”), with quarterly records set for gold production, tonnes mined, tonnes milled, and gold sales.
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