LUNDIN GOLD REPORTS PRODUCTION OF 122,154 OUNCES OF GOLD IN THE THIRD QUARTER OF 2024
In the third quarter of 2024, the mill processed 425,340 tonnes of ore resulting in an average throughput rate of 4,623 tonnes per day at an average grade of 10.3 grams per tonne with recoveries of 86.8%.
Production Results
|
Q3 2024 |
Q3 2023 |
Ore processed (tonnes) |
425,340 |
416,072 |
Average throughput (tonnes per day) |
4,623 |
4,523 |
Average head grade (grams per tonne) |
10.3 |
9.7 |
Recovery (%) |
86.8 % |
86.5 % |
Gold ounces produced |
122,154 |
112,212 |
Concentrate |
73,532 |
71,902 |
Doré |
48,622 |
40,310 |
Gold ounces sold |
125,887 |
112,711 |
Average realized gold price ($/oz sold) |
2,6151 |
1,931 |
|
|
|
1 Average realized gold price during the third quarter of 2024 was positively impacted by rising gold prices on provisionally priced gold sales which exceeded fair value estimates as at |
Final Payment Made Relating to Stream Credit Facility and Offtake Buy Out
As previously announced on
We are pleased to confirm that the second and final payment for
Appointment of Vice President, Corporate Development and Investor Relations
The Company is pleased to announce the appointment of Mr.
Third Quarter of 2024 Results Conference Call and Webcast
Qualified Persons
The technical information relating to Fruta del Norte contained in this News Release has been reviewed and approved by
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Caution Regarding Forward-Looking Information and Statements
Certain of the information and statements in this press release are considered "forward-looking information" or "forward-looking statements" as those terms are defined under Canadian securities laws (collectively referred to as "forward-looking statements"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements. By their nature, forward-looking statements and information involve assumptions, inherent risks and uncertainties, many of which are difficult to predict, and are usually beyond the control of management, that could cause actual results to be materially different from those expressed by these forward-looking statements and information. Lundin Gold believes that the expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct. Forward-looking information should not be unduly relied upon. This information speaks only as of the date of this press release, and the Company will not necessarily update this information, unless required to do so by securities laws.
This press release contains forward-looking information in a number of places, such as in statements pertaining to production outlook and the anticipated Process Plant Expansion and improvement of recoveries. There can be no assurance that such statements will prove to be accurate, as Lundin Gold's actual results and future events could differ materially from those anticipated in this forward-looking information as a result of the factors discussed in the "Risk Factors" section in Lundin Gold's Annual Information Form dated
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