Get 40% Off
☕ Buy the dip? After losing 17%, Starbucks sees an estimated 20% upside. See the top Undervalued stocks!Unlock list

BRIEF-Lundin Gold Reports Qtrly Adjusted Net Earnings Per Share of $0.33

Published 2021-02-24, 09:37 p/m
© Reuters.

Feb 24 (Reuters) - Lundin Gold Inc LUG.TO :

* LUNDIN GOLD REPORTS FOURTH QUARTER AND FULL YEAR RESULTS

* GOLD PRODUCTION OF 96,830 OUNCES DURING Q4

* CASH FLOW FROM OPERATIONS WAS $95.0 MILLION IN Q4 AND $113.6 MILLION IN 2020 YEAR

* QTRLY REVENUE $189.25 MILLION

* GUIDANCE FOR 2021 REMAINS UNCHANGED WITH EXPECTED PRODUCTION OF 380,000 TO 420,000 OZ OF GOLD AT FRUTA DEL NORTE

* QTRLY ADJUSTED NET EARNINGS PER SHARE $0.33

* DURING Q4, COMPANY SOLD A TOTAL OF 106,190 OZ OF GOLD, CONSISTING OF 70,540 OZ OF CONCENTRATE AND 35,650 OZ OF DORÉ

* EXPECTS TO GENERATE STRONG OPERATING CASH FLOW DURING 2021 BASED ON ITS PRODUCTION AND AISC GUIDANCE AT CURRENT GOLD PRICES

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.