VANCOUVER, BC, Aug. 8, 2024 /CNW/ – Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) (“Lundin Gold” or the “Company”) is pleased to announce that its Board of Directors has declared an increased quarterly cash dividend of US$0.20 per common share, up from US$0.10 per common share in previous quarters. The dividend will be payable on September 25, 2024 to shareholders of record at the close of business on September 10, 2024. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes.
“The Board’s decision today to double our quarterly dividend reflects our confidence in the Company’s financial position now that Lundin Gold is debt free, with strong revenues and operating cash flow,” said Ron Hochstein, President and CEO. “Even though we have doubled our quarterly dividend, we remain committed to pursuing growth through our exploration programs and targeted corporate development.”
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