Lundin Gold Inc. (T:LUG*CA)
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: | 1,848 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $4,617M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,232M as of Dec 31, 2023 |
| EBITDA (TTM): | $720.19M as of Dec 31, 2023 |
| Net annual income (TTM): | $245.05M as of Dec 31, 2023 |
| Free cash flow (TTM): | $516.49M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $11.14M as of Dec 31, 2023 |
| Shares outstanding: | 238,822,451 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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