Lundin Gold Q2 Profit, Revenue Rise; Confirms FY Production Outlook

(RTTNews) - Lundin Gold Inc. (LUG.ST), a Canada-based gold mining company, on Friday reported higher net income for the second quarter, mainly supported by increased revenue.

Net income for the quarter climbed to $219.87 million or $0.91 per share, from $196.73 million or $0.81 per share, a year earlier.

Excluding one-time items, adjusted earnings were $201.94 million or $0.84 per share.

Income from mining operations increased to $336.690 million from $314.161 million a year ago.

EBITDA rose to $398.88 million from $318.84 million last year.

Revenue grew 5.5% to $477.69 million from $452.88 million in the prior-year quarter.

Lundin Gold produced 118,994 ounces of gold in the second quarter and sold 110,385 ounces at an average realized gold price of $4,359 per ounce.

The company declared a cash dividend of $1.08 per share, payable in the third quarter of 2026.