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Lundin Gold (LUGDF)
OTHER OTC:LUGDF
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.5Last Year’s EPS
$0.13Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: -7.00%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial and operational performance with record revenue and gold production, supported by high gold prices and effective cost management measures. However, challenges with power supply due to drought conditions and resulting increased costs were notable concerns.Company Guidance
In the third quarter of 2024, Lundin Gold reported exceptional financial performance, driven by strong gold prices. The company achieved record revenues of $323 million, resulting from the sale of 125,887 ounces of gold at an average price of $2,615 per ounce. This led to an adjusted EBITDA of $220 million and adjusted earnings of $136 million. Cash flow from operations reached $218 million, with adjusted free cash flow at $182 million. Gold production was robust, with 122,154 ounces produced, supported by an average mill head grade of 10.3 grams per tonne and recoveries of 86.8%. The cash operating cost was $681 per ounce sold, and the all-in sustaining cost (AISC) was $877 per ounce sold, trending towards the upper end due to higher sustaining capital expenditures. Lundin Gold remains on track to reach the upper end of its 2024 production guidance of 450,000 to 500,000 ounces and plans to continue its extensive exploration program with a minimum of 80,000 meters of drilling, enhancing its potential for additional mineral reserves.Record Financial Performance
Lundin Gold achieved record cash generation, revenue, and adjusted EBITDA for Q3 2024. Adjusted free cash flow was $182 million, and adjusted EBITDA was $220 million, both records for the company.
Strong Gold Production
Gold production for Q3 was 122,154 ounces with recoveries of 86.8%, high average mill throughput of 4,623 tonnes per day, and average mill head grade of 10.3 grams per tonne. The company is on track to achieve the upper end of its production guidance of 450,000 to 500,000 ounces for the year.
Successful Exploration Program
Exploration activities yielded positive results, with a minimum of 80,000 meters of drilling planned for the year. Significant high-grade intercepts were reported at FDNS, and the company is on track for an updated resource estimate in early 2025.
Safety Improvements
The company reported no lost time incidents in Q3 and a reduction in the total recordable incident rate to 0.33 per 200,000 hours worked, down from 0.75 in Q2.
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LUGDF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LUGDF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $22.92 | $23.27 | +1.53% |
| Aug 08, 2024 | $15.69 | $16.37 | +4.33% |
| May 09, 2024 | $13.33 | $14.18 | +6.38% |
| Feb 23, 2024 | $10.89 | $11.61 | +6.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lundin Gold (LUGDF) report earnings?
Lundin Gold (LUGDF) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Lundin Gold (LUGDF) earnings time?
Lundin Gold (LUGDF) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LUGDF EPS forecast?
LUGDF EPS forecast for the fiscal quarter 2024 (Q4) is $0.5.
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