The first large-scale modern gold mine in Ecuador

Guidance and Outlook

Three Year Guidance


2023 (1)

2024 (1)

Production (oz Au)

430,000 - 460,000

390,000 - 430,000

400,000 - 440,000

Sustaining Capital ($ million)

40 - 45

30 - 35

7 – 12

Cash Operating Cost ($/oz) (1)

660 -720

700 -775

675 – 745

AISC ($/oz) (1)

820 - 870

850 - 915

750 - 810

Head Grade (g/t Au)


Avg. Mill Recovery


Mill Throughput (tpd)


1. Gold/silver price per oz assumption, based on analyst estimates, is 2022: $1,750/$22.50; 2023: $1,715/$23.81; 2024: $1,642/$22.43


Regional Exploration Expenditure


Near-Mine Exploration Expenditure


By providing your e-mail address on this form, you are consenting to receive communications from Lundin Gold and CNW/Cision. Your name or email address is not used or disclosed by Lundin Gold and CNW/Cision for any other purpose.

You will receive a confirmation email that you subscribed to our email list. You will be required to click the link in that email to complete the signup process and begin receiving the company's emails.

You may withdraw your consent to receive communications from Lundin Gold and CNW/Cision at any time by clicking Unsubscribe link located at the bottom of the communication you receive.

Please read our Website Privacy Policy to learn more about how Lundin Gold uses cookies on its website and how any personal data you provide is handled and processed. Please do not hesitate to call Sabina Srubiski at 604-806-3089 or if you have any questions.

If you don’t receive the confirmation link, it may be because your email account has blocked receipt of it. If this is the case, please add the following to your safe sender list:

TSX: LUG $ 9.14
OMX: LUG kr 74.9
Gold: $ 1805.89