Canada's Lundin Gold Q4 revenue rises on strong gold sales

Overview

• Canada gold miner's Q4 revenue reached $526.6 mln, driven by strong gold sales

• Adjusted EPS for Q4 was $0.97, reflecting strong operational performance

• Company returned $664 mln in dividends during 2025, highlighting strong cash flow

Outlook

• Gold production at FDN for 2026 is estimated to be between 475,000 to 525,000 oz

• Cash operating costs for 2026 are estimated to range between $900 and $960 per oz of gold sold in 2026

• Sustaining capital expenditures for 2026 projected to range between $75 mln and $90 mln

Result Drivers

• PROCESS PLANT EXPANSION - Completion of process plant expansion contributed to stable operations and increased throughput

• HIGH GOLD PRICES - Record-high average realized gold prices drove revenues and impacted costs

• EXPLORATION EXPANSION - Extensive exploration program demonstrated significant potential for future growth

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 12 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the gold peer group is "buy."

• Wall Street's median 12-month price target for Lundin Gold Inc is C$114.00, about 4.6% above its February 19 closing price of C$109.00

• The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nCNWR0X4Ta

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