2024 highlights include expansion to 5,000 tpd by year end and the largest exploration program ever conducted at Fruta del Norte


VANCOUVER, BC, Dec. 4, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to announce its 2024 guidance and three-year outlook for its 100% owned Fruta del Norte ("FDN") gold mine in southeast Ecuador. All amounts are in U.S. dollars unless otherwise indicated. View PDF

Highlights:

2024 production is estimated between 450,000 to 500,000 ounces ("oz").
Cash operating costs1 and all-in sustaining costs1 ("AISC") for 2024 are expected to range between $680 to $740 and $820 to $890 per oz of gold sold, respectively.
Total sustaining capital in 2024 is estimated at $35 to $45 million.
56,000 metres is planned to be drilled under the 2024 near-mine and regional exploration programs.
The Company's outlook for production, sustaining capital and AISC for the next three years is provided in the table below. see & read more on
https://lundingold.com/news/lundin-gold-three-year-outlook-anticipates-sustain-122752/