Lundin Gold posts net income of $51.5 million in Q1 2023 on record quarterly production gold mining Lundin
- Lundin Gold yesterday reported an all-time high quarterly gold production of 140,021 ounces from its Fruta del Norte gold mine in southeast Ecuador in the first quarter 2023.
The company said that cash operating costs and all-in sustaining costs for the quarter were $644 and $728 per oz of gold sold, respectively. The company reported Q1 2023 net income of $51.5 million including a derivative loss of $15.4 million, and net of corporate, exploration, finance costs, and associated taxes on earnings.Lundin Gold said its performance in the first quarter of 2023 provides a “strong foundation” for the rest of the year, and the company's production guidance of 425,000 to 475,000 oz and AISC of $870 to $940 for 2023 remain unchanged.
President and CEO Ron Hochstein commented,"Our strong operating and financial results were achieved while maintaining our outstanding safety record. On the heels of an excellent quarter, the operations team at FDN recently reached the milestone of four million hours worked without a Lost Time Incident or Medical Aid Incident.
France Dernières Nouvelles, France Actualités
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