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Lundin Gold (TSE:LUG)
TSX:LUG
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.67Last Year’s EPS
0.33Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 21, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in production, financial performance, and strategic growth initiatives, including debt elimination and dividend increases. However, safety challenges and power issues in Ecuador were notable concerns. Overall, the sentiment is positive due to the strong operational and financial performance.Company Guidance
During Lundin Gold's Q4 and 2024 Financial Results Conference Call, President and CEO Ron Hochstein highlighted the company's remarkable performance in 2024, surpassing production guidance with a record annual production of 502,029 ounces of gold. The company achieved cash operating costs of $712 per ounce sold and an all-in sustaining cost (ASIC) of $875 per ounce, despite an increase in royalties and profit sharing due to higher gold prices, which averaged $2,462 per ounce. Financially, Lundin Gold generated a record adjusted free cash flow of $540 million, ending the year with a robust cash balance of $349 million after achieving a debt-free status. The company announced a significant increase in its quarterly dividend to $0.30 per share, reflecting their confidence in future financial performance. On the growth front, the plant expansion project is nearly complete, and successful exploration added 1.7 million ounces of inferred resources. Looking ahead, the company aims to maintain production levels and enhance safety performance, with a targeted completion of the expansion and resource updates, including an initial resource estimate for the Bonza Sur project.Record Annual Gold Production
Lundin Gold achieved record annual production of 502,029 ounces of gold, exceeding its guidance of 450,000 to 500,000 ounces.
Strong Financial Performance
The company generated a record adjusted free cash flow of $540 million or $2.26 per share and ended the year with a cash balance of $349 million.
Debt-Free Status
Lundin Gold achieved a debt-free status by purchasing its stream loan credit facility and off-take commitment for $330 million.
Dividend Increase
Increased the quarterly dividend to $0.30 per share, which is triple the dividend rate at the start of last year, equating to approximately $300 million on an annualized basis.
Expansion and Growth Plans
The plant expansion project is substantially complete, with throughput and recovery improvements. The company also increased its contained ounces in mineral reserves and resources.
Exploration Success
Completed over 80,000 meters of drilling in 2024, with plans to increase drilling in 2025. Added 1.7 million ounces of inferred resources.
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TSE:LUG 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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TSE:LUG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 21, 2025 | C$38.37 | C$39.67 | +3.39% |
| Nov 08, 2024 | C$31.66 | C$32.41 | +2.38% |
| Aug 08, 2024 | C$21.59 | C$22.62 | +4.73% |
| May 09, 2024 | C$18.52 | C$19.34 | +4.37% |
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 (TSE:LUG) report earnings?
Lundin Gold (TSE:LUG) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Lundin Gold (TSE:LUG) earnings time?
Lundin Gold (TSE:LUG) earnings time is at May 08, 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 TSE:LUG EPS forecast?
TSE:LUG EPS forecast for the fiscal quarter 2025 (Q1) is 0.67.
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