Lundin Gold Anticipates Improved Gold Recoveries in 2025

SEATTLE (Scrap Monster): Lundin Gold, a Vancouver, British Columbia-based company, revealed its three-year outlook and 2025 guidance for its flagship Fruta del Norte (FDN) gold mine in southeast Ecuador.

In 2025, the business anticipates producing an average of 475,000 to 525,000 ounces of gold. For the upcoming year, it is anticipated that the cash operating expenses and all-in sustaining costs (AISC) will be between $730 and $790 and $935 and $995 per ounce of gold sold, respectively. With an average mill recovery rate of 90%, the mill's throughput is anticipated to be approximately 5,000 tonnes per day (tpd). Additionally, the business intends to invest $32 million and $8 million, respectively, in regional and near-mine exploration programs.

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Beginning in 2026, the miner has found multiple ways to increase average throughput to 5,500 tpd by further debottlenecking operations. According to a corporate news release, the AISC for 2026 and 2027 is expected to be between $750 and $810 ounce of gold sold. The business expects to keep paying out $0.20 dividends every three months.

The president and CEO of Lundin Gold, Ron Hochstein, expressed his expectation that 2025 would be yet another great year. Better gold recovery will be the outcome of the plant expansion project's commissioning. It is anticipated that the operational excellence initiative, which aims to increase efficiencies and decrease costs, will optimize FDN's capabilities.