VANCOUVER, BC, Aug. 16, 2021 /CNW/ - Lundin Gold Inc.
(TSX: LUG) (Nasdaq Stockholm: LUG) ("Lundin Gold" or the
"Company") is pleased to announce that Ron Hochstein, President and CEO, will be
presenting at a Virtual Town Hall on Thursday, August 19, 2021 at 6:00 pm CET/12 noon
EST. View PDF Version
Lundin Gold announced its Q2 2021
results on August 11, 2021, with key
highlights including production of 108,799 ounces ("oz") of gold
and sales of 125,412 oz during the quarter, at an average cash
operating cost1 of $596
per oz sold, the Company's lowest quarterly cash operating costs
since achieving commercial production in February 2020, and all-in sustaining
cost1 of $720 per oz sold.
From this, net revenues, adjusted earnings1, and cash
flow from operations of $216.1
million, $74.8 million, and
$142.0 million, respectively, were
realized. In the first half of the year, the Company generated
$217 million in operating cash flow
and ended this six-month period with a cash balance of $192.2 million.
Register for the live event here: Register Lundin Gold Town
Hall or at www.lundingold.com.
A copy of the presentation will be available on the Company's
website.
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1
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Refer to "Non-IFRS
Measures" section of the Management Discussion & Analysis for
the quarter ended June 30, 2021.
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About Lundin Gold
Lundin Gold, headquartered in
Vancouver, Canada, owns the Fruta
del Norte gold mine in southeast Ecuador. Fruta del Norte is among the
highest-grade operating gold mines in the world.
The Company's board and management team have extensive expertise
in mine operations and are dedicated to operating Fruta del Norte
responsibly. The Company operates with transparency and in
accordance with international best practices. Lundin Gold is committed to delivering value to
its shareholders, while simultaneously providing economic and
social benefits to impacted communities, fostering a healthy and
safe workplace and minimizing the environmental impact. The Company
believes that the value created through the development of Fruta
del Norte will benefit its shareholders, the Government and the
citizens of Ecuador.
Additional Information
This information was publicly communicated on August 16, 2021 at 6:00
a.m. Pacific Time through the contact persons set out
below.
SOURCE Lundin Gold Inc.