Lundin Gold Inc.

Guidance and Outlook

PRODUCTION (oz Au)

475,000 - 525,000
2026
475,000 - 525,000
2027
475,000 - 525,000
2028

SUSTAINING CAPITAL ($ MILLION)

75 - 90
2026
80 - 95
2027
50 - 85
2028

CASH OPERATING COST ($/OZ)

900 - 960 ⁽¹⁾
2026
900 - 960 ⁽¹⁾
2027
905 - 965 ⁽¹⁾
2028

AISC ($/oz)

1,110 - 1,170 ⁽¹⁾
2026
1,110 - 1,180 ⁽¹⁾
2027
925 - 995 ⁽¹⁾
2028

MILL THROUGHPUT (TPD)

5,500
2026

Head Grade (g/t)

8.3
2026

Avg. Mill Recovery

91%
2026

Near-Mine Exploration Program

$56m
2026

Regional Exploration Program

$21m
2026

⁽¹⁾ Gold/silver price per oz assumptions are $4,000/$44.00, respectively.

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