Record revenues and adjusted EBITDA achieved on the back of strong gold price
VANCOUVER, BC, Aug. 8, 2024 /CNW/ – Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) (“Lundin Gold” or the “Company”) is pleased to report results for the second quarter of 2024, highlighted by record quarterly revenues of $301 million realized from the sale of 129,396 ounces (“oz”) at an average realized gold price1 of $2,379 per oz. From this, record adjusted EBITDA1 of $195 million was achieved. The Company continues to generate significant cash flow with cash from operating activities of $144 million and adjusted free cash flow1 of $112 million or $0.47 per share, which excludes the one-time finance expense incurred upon buy out of the stream loan credit facility (the “Stream Facility”) and offtake commitment (the “Offtake”). Cash operating costs1 and all-in sustaining costs (“AISC”)1 this quarter were $725 and $875 per oz sold,…
