Lundin Gold Inc.

Lundin Gold Inc. announced a record annual gold production of 502,029 ounces in 2024 from its Fruta del Norte mine in Ecuador, surpassing its guidance range of 450,000 to 500,000 ounces. In the fourth quarter of 2024, the company produced 135,241 ounces and sold 131,175 ounces of gold. The mill processed 427,030 tonnes of ore with an average grade of 11.3 grams per tonne and recoveries of 87.1%. Lundin Gold plans to increase mill throughput and improve gold recoveries in 2025, aiming to produce between 475,000 and 525,000 ounces. The company will release its year-end 2024 results on February 20, 2025, and hold a conference call the following day. The technical information in the release has been reviewed by Terry Smith, COO of Lundin Gold. The release includes forward-looking statements, subject to risks and uncertainties, and the company advises caution in relying on these projections. Lundin Gold operates the Fruta del Norte mine and owns exploration properties nearby.

Lundin Gold Inc. has announced its 2025 guidance and three-year outlook for the Fruta del Norte gold mine in Ecuador. Key highlights for 2025 include an estimated gold production of 475,000 to 525,000 ounces, with cash operating costs ranging between $730 to $790 per ounce and all-in sustaining costs between $935 to $995 per ounce. The company plans to increase plant throughput to 5,000 tonnes per day and improve gold recovery. Sustaining capital for 2025 is estimated at $75 to $85 million, including 15,000 metres of resource conversion drilling. The exploration program will expand, with 65,000 metres of drilling planned near the mine and a new three-year regional strategy over unexplored land. The company anticipates continuing to declare quarterly dividends of $0.20 per share. Lundin Gold also outlines plans to further increase throughput to 5,500 tonnes per day by 2026, and aims to maximize efficiencies and reduce costs to generate free cash flow. The company emphasizes its commitment to responsible operations and delivering value to shareholders and local communities.

Lundin Gold Inc. has announced additional drilling results from its 2024 exploration program at the Bonza Sur gold deposit near the Fruta del Norte mine in Ecuador. The new findings indicate a significant extension of the Bonza Sur deposit, increasing its length by 800 meters to approximately 2.6 kilometers and widening it to 150 meters. The deposit is still open for further exploration in all directions and at depth. Over 90 drill holes have been completed since its discovery in 2023, and the results suggest further growth potential. The drilling program has focused on defining and expanding Bonza Sur, with 43 drill holes completed over 17,315 meters. An initial mineral resource estimate for Bonza Sur is expected by mid-2025. The exploration program aims to complete at least 65,000 meters of drilling in 2024. The technical information has been reviewed by a qualified person in accordance with National Instrument 43-101 standards. The company emphasizes that certain statements are forward-looking and involve risks and uncertainties.

Lundin Gold Inc. announced that due to the exercise of stock options and anti-dilution rights by its largest shareholder in November, the company now has 240,194,898 common shares with voting rights as of November 29, 2024. This figure is relevant for shareholders to determine if they need to notify any changes in their shareholdings under the Swedish Financial Instruments Trading Act's Transparency Rules. The information was released on November 29, 2024, at 2:00 p.m. Pacific Time. Lundin Gold, based in Vancouver, Canada, operates the Fruta del Norte gold mine in Ecuador and owns exploration properties nearby. For more details, contact Ron F. Hochstein or Brendan Creaney.

Lundin Gold Inc. reported strong financial results for the third quarter of 2024, driven by high gold prices. The company achieved record cash flow from operating activities of $218 million and adjusted free cash flow of $182 million, with revenues reaching $323 million from selling 125,887 ounces of gold at an average price of $2,615 per ounce. Adjusted EBITDA was $220 million, with cash operating costs and all-in sustaining costs at $681 and $877 per ounce sold, respectively. The company expects to meet the high end of its production and cost guidance for the year. Lundin Gold also reported no Lost Time Incidents and continued community support initiatives. The company announced a dividend of $0.20 per share and made significant progress in its exploration and expansion projects. Lundin Gold operates the Fruta del Norte gold mine in Ecuador and is focused on sustainable community impact and operational growth.

Lundin Gold Inc. has announced a quarterly cash dividend of US$0.20 per common share, payable on December 20, 2024, to shareholders recorded by December 5, 2024. This dividend is classified as an "eligible dividend" for Canadian tax purposes and translates to an estimated annual yield of about 3.5% based on the current share price on the Toronto Stock Exchange. Dividends will be paid in Canadian dollars for shares on the TSX and OTCQX, and in Swedish kronor for those on Nasdaq Stockholm. A temporary transfer closure will occur from December 3 to December 5, 2024, affecting share transfers between TSX and Nasdaq Stockholm. Non-Canadian residents will receive payments net of applicable Canadian withholding taxes. The press release contains forward-looking statements subject to risks and uncertainties, with no assurance these predictions will be accurate. Lundin Gold operates the Fruta del Norte gold mine in Ecuador and holds exploration properties nearby.

Lundin Gold Inc. has announced positive results from its 2024 drilling programs at the Fruta del Norte (FDN) gold mine in Ecuador. The results confirm the continuity and high-grade potential of the FDN South (FDNS) mineralized system. The near-mine exploration and conversion drilling programs have returned high-grade results, suggesting potential for additional Mineral Reserves. The near-mine program has completed extensive drilling, focusing on FDNS, revealing a high-grade vein system. The conversion program aimed to upgrade Inferred Mineral Resources to Indicated status, enhancing confidence in the geologic model. Results from both programs will be incorporated into an updated Mineral Resource estimate expected in early 2025. The company emphasizes the forward-looking nature of these statements, acknowledging potential risks and uncertainties.

Lundin Gold Inc., a company listed on the Toronto Stock Exchange, Nasdaq Stockholm, and OTCQX, announced that following the exercise of stock options in October, it now has 240,027,814 common shares outstanding with voting rights as of October 31, 2024. This number is relevant for shareholders to determine if they need to disclose any changes in their shareholdings under the Swedish Financial Instruments Trading Act. Lundin Gold, based in Vancouver, Canada, operates the Fruta del Norte gold mine in Ecuador and holds exploration properties nearby. The company aims to positively impact host communities and deliver stakeholder value.

Lundin Gold Inc. reported its third quarter 2024 gold production from the Fruta del Norte mine in Ecuador, totaling 122,154 ounces, with sales of 125,887 ounces. This is an increase from the same quarter in 2023, where production was 112,212 ounces. The company processed 425,340 tonnes of ore with a recovery rate of 86.8%. The average realized gold price was $2,615 per ounce, influenced by rising gold prices. Lundin Gold completed its final payment of $150 million to Newmont Corporation for the stream credit facility and offtake agreement buyout. Brendan Creaney was appointed as Vice President, Corporate Development and Investor Relations. The company plans to release its full third quarter results on November 7, 2024, followed by a conference call on November 8. The release also contains cautionary statements regarding forward-looking information.

Lundin Gold Inc. has announced that, following the exercise of stock options under its equity compensation plan in September, the company now has 240,017,068 common shares issued and outstanding with voting rights as of September 30, 2024. This information is provided in accordance with the Swedish Financial Instruments Trading Act and can be used by shareholders to determine if they need to disclose any changes in their shareholdings. The announcement was publicly communicated on September 30, 2024, at 4:00 p.m. Pacific Time. For more information, contact President and CEO Ron F. Hochstein or Director of Investor Relations & Corporate Development Finlay Heppenstall. Lundin Gold operates the high-grade Fruta del Norte gold mine in Ecuador and holds other exploration properties nearby.