Lundin Gold Inc. Announces Strong Financial Results and Dividend Policy Changes

VANCOUVER, BC, May 8, 2025 — Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF), a Canadian mining company specializing in gold projects in southeast Ecuador, has reported its financial results for the first quarter of 2025. The company highlighted strong production and high gold prices, which have led to increased shareholder dividends.

First Quarter 2025 Financial Highlights

Lundin Gold’s first quarter results showcased record revenues of $356 million, driven by robust production levels and favorable market conditions. The company’s market capitalization stands at 13.22 billion CAD, with a close price of 60.55 CAD as of May 6, 2025. The 52-week high was 61.72 CAD, while the low was 18.475 CAD on June 12, 2024. The price-to-earnings ratio is currently 22.49.

Dividend Policy Update

In a significant move, Lundin Gold’s Board of Directors has amended the company’s dividend policy to include a new variable component. This change aims to better align shareholder returns with the company’s performance. Additionally, Lundin Gold has declared a special dividend of US$0.45 per common share, further rewarding its investors.

Exploration and Future Prospects

Earlier in the week, on May 7, 2025, Lundin Gold reported strong exploration results across its portfolio of targets. The company has expanded its 2025 drilling program to 108,000 meters, indicating a proactive approach to growth and resource development.

These strategic initiatives and financial achievements underscore Lundin Gold’s commitment to maximizing shareholder value and sustaining its position as a leading player in the metals and mining sector.