Lundin Gold

Lundin Gold Inc. (OTCQX:LUGDF) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Ron Hochstein - President and Chief Executive Officer Terry Smith - Chief Operating Officer Chester See - Chief Financial Officer Conference Call Participants Kerry Smith - Haywood Securities Inc. Don DeMarco - National Bank Financial Ovais Habib - Scotiabank Anita Soni - CIBC Capital Markets Jeremy Hoy - Canaccord Genuity Group Inc. Operator Good morning, ladies and gentlemen, and welcome to the Lundin Gold's Third Quarter of 2024 Results Call. At this time, all lines are in listen-only mode.» Mehr auf seekingalpha.com

Lundin Gold reported another strong quarter in Q3 with production of ~122,200 ounces, setting up another beat vs. its annual guidance midpoint and its 4th beat in a row. Notably, 2025 guidance looks conservative if the expansion goes smoothly, with the potential for mid double-digit production growth next year, with 2025 guidance looking conservative. Finally, and most exciting, Bonza Sur has gone from interesting discovery to potential #2 mine, with the possibility of elevating the FDN Complex to 700,000+ ounces in 2029.» Mehr auf seekingalpha.com

I'm initiating coverage on Lundin Gold stock with a "Buy" rating and 12-month horizon, citing a valuation gap despite a 65% rally in the past year. Lundin Gold's Fruta del Norte mine boasts low all-in sustaining costs, debt-free status, and strong financials, positioning it for aggressive investments and potential inorganic growth. With gold prices potentially reaching $3,000 an ounce, Lundin's low AISC and high-grade asset promise robust cash flow and dividend growth.» Mehr auf seekingalpha.com