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Symbol Data
Symbol
Currency
TSE:LUG
CAD
OTCMKTS:LUGDF
USD
Description
Lundin Gold Inc are a gold focused major with one producing mine in Ecuador. Currently they produce roughly 500koz. of gold per year. They have approximately 9Moz. of gold in the reserves and resources category of which 7Moz. are in the measured and indicated category. They have a market capitalisation of ~$13084.59M which is a fall of roughly 13% over the last one months. As of 05/23/2026 they have no debt and ~$704M cash. They have 241M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.
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General Details
Financial
05/23/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
MCap (FD):
$15,010.94M
$13,084.59M
05/23/2026
$-1,926.35M
MCap (OS):
$14,878.24M
$12,968.92M
05/23/2026
$-1,909.32M
Total Assets:
$1,800.00M
$1,800.00M
05/23/2026
$0.00M
Total Liabilities:
$468.00M
$468.00M
05/23/2026
$0.00M
Current Assets:
$704.00M
$704.00M
05/23/2026
$0.00M
Current Liabilities:
$170.00M
$170.00M
05/23/2026
$0.00M
Total Debt:
$0.00M
$0.00M
05/23/2026
$0.00M
Cash:
$704.00M
$704.00M
05/23/2026
$0.00M
Debt (Net):
$-704.00M
$-704.00M
$0.00M
Enterprise Value:
$14,306.94M
$12,380.59M
$-1,926.35M
Cash Flow:
$1,254.80M
$1,056.79M
never
$-198.01M
Cash Flow Multiple:
11.96
12.38
never
0.42
Net Debt to Cash Flow Ratio:
n/a
n/a
never
0.00
Finance within 1 year:
05/23/2026
n/a
Misc
05/23/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Shares Outstanding:
240,851,709
240,851,709
05/23/2026
0
Shares (FD):
243,000,000
243,000,000
05/23/2026
0
Insider Ownership:
50%
50%
05/23/2026
n/a
Dividend (Annual):
5.68%
6.34%
05/23/2026
0.66
Company Type:
Mostly Gold
Mostly Gold
never
n/a
Group:
Producer
Producer
never
n/a
Production ETA:
n/a
01/01/2020
05/23/2026
n/a
Production (Gold Eq Oz.):
(guess) 500,000
(guess) 500,000
05/23/2026
0
Production (Silver Eq Oz.) :
(guess) 29,821,386
(guess) 33,254,406
05/23/2026
3,433,020
Development Phase:
Producer (Single Mine)
Producer (Single Mine)
05/23/2026
n/a
Optionality Play:
none
No
F U T U R E
% of Spot:
30Producer: Elite Quality
30Producer: Elite Quality
05/23/2026
0
Cash Flow Multiple:
24
24
05/23/2026
0.00
Resource Data
GOLD
05/23/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
5.00M
5.00M
05/23/2026
0.00M
Measured & Indicated:
7.00M
7.00M
05/23/2026
0.00M
Inferred:
2.00M
2.00M
05/23/2026
0.00M
Reserves & Resources:
9.00M
9.00M
never
0.00M
P L A U S I B L E
Proven & Probable:
4.50M
4.50M
05/23/2026
0.00M
Measured & Indicated:
5.94M
5.94M
05/23/2026
0.00M
Inferred:
0.90M
0.90M
05/23/2026
0.00M
Reserves & Resources:
6.84M
6.84M
never
0.00M
C U R R E N T
Annual Production:
(guess) 500,000oz.
(guess) 500,000oz.
05/23/2026
0oz.
Cash Cost:
$1,100
$1,100
05/23/2026
$0.00
Extra Operating Cost:
$900
$900
05/23/2026
$0.00
Total:
$2,000
$2,000
05/23/2026
$0.00
Margin (Free Cash Flow):
$2,510 (56%)
$2,114 (51%)
$-396.02
MCap / Production (AuEq):
$30,021.89
$26,169.19
$-3,852.70
EV / Production (AuEq):
$28,613.89
$24,761.19
$-3,852.70
G R A D E
Underground (Avg):
8.00 g/t
8.00 g/t
05/23/2026
n/a
Open Pit (Avg):
n/a
n/a
05/23/2026
n/a
Recovery Rate:
(CG) 90.00%
(CG) 90.00%
05/23/2026
0.00%
F U T U R E
Proven & Probable:
8.00M
8.00M
05/23/2026
0.00M
Annual Production:
550,000oz.
550,000oz.
05/23/2026
0oz.
Cash Cost:
$1,250
$1,250
05/23/2026
$0
Extra Operating Cost:
$900
$900
05/23/2026
$0
SILVER
05/23/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
n/a
n/a
05/23/2026
0.00M
Measured & Indicated:
n/a
n/a
05/23/2026
0.00M
Inferred:
n/a
n/a
05/23/2026
0.00M
Reserves & Resources:
n/a
n/a
never
0.00M
P L A U S I B L E
Proven & Probable:
n/a
n/a
05/23/2026
0.00M
Measured & Indicated:
n/a
n/a
05/23/2026
0.00M
Inferred:
n/a
n/a
05/23/2026
0.00M
Reserves & Resources:
n/a
n/a
never
0.00M
C U R R E N T
Annual Production:
n/a
n/a
0oz.
Cash Cost:
n/a
n/a
05/23/2026
$0.00
Extra Operating Cost:
n/a
n/a
05/23/2026
$0.00
Total:
n/a
n/a
05/23/2026
$0.00
Margin (Free Cash Flow):
n/a
$0.00
MCap / Production (AgEq):
$503.36
$393.47
$-109.89
EV / Production (AgEq):
$479.75
$372.30
$-107.46
G R A D E
Underground (Avg):
n/a
n/a
05/23/2026
n/a
Open Pit (Avg):
n/a
n/a
05/23/2026
n/a
Recovery Rate:
n/a
n/a
05/23/2026
0.00%
F U T U R E
Proven & Probable:
n/a
n/a
05/23/2026
0.00M
Annual Production:
n/a
n/a
05/23/2026
n/a
Cash Cost:
n/a
n/a
05/23/2026
n/a
Extra Operating Cost:
n/a
n/a
05/23/2026
n/a
Property
Last Analysis Data (05/23/2026)
Stage
Name
Owned %
Type
NPV $M
IRR %
CapEx $M
Au
Ag
Cu
Notes
Prod
Fruta Del Norte
Ecuador
100 (guess)
Open Pit
show
9 million oz underground mine at 8 gpt.
Plus, exploration potential.
50% minimum tax.
70% maximum tax (for higher gold prices). Size: 80,000 ha
Current Data
Stage
Name
Owned %
Type
NPV $M
IRR %
CapEx $M
Au
Ag
Cu
Notes
Prod
Fruta Del Norte
Ecuador
100 (guess)
Open Pit
show
9 million oz underground mine at 8 gpt.
Plus, exploration potential.
50% minimum tax.
70% maximum tax (for higher gold prices). Size: 80,000 ha
Profitability (by resource)
Proven & Probable
05/23/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
5.00M
5.00M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
34.33M
P L A U S I B L E
Gold Eq. Oz.:
4.50M
4.50M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
30.90M
Maximum Profit (Gold):
$11,293.16M
$9,511.07M
n/a
$-1,782.09M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$11,293.16M
$9,511.07M
n/a
$-1,782.09M
Max Profit / Current MCap:
0.752
0.727
n/a
-0.025
Max Profit Per Share (Gold):
$46.47
$39.14
n/a
$-7.33
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$46.47
$39.14
n/a
$-7.33
Total Free Profit Per Share:
$0.00
$0.00
n/a
$0.00
FD MCap / Gold Eq.:
$3,335.77
$2,907.69
n/a
$-428.08
FD MCap / Silver Eq.:
$55.93
$43.72
n/a
$-12.21
FD MCap / Per Metal as % Spot Price:
73.97%
70.69%
n/a
-3.29%
EV / Gold Eq.:
$3,179.32
$2,751.24
n/a
$-428.08
EV / Silver Eq.:
$53.31
$41.37
n/a
$-11.94
EV / Per Metal as % Spot Price:
70.50%
66.88%
n/a
-3.62%
Measured & Indicated
05/23/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
7.00M
7.00M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
48.06M
P L A U S I B L E
Gold Eq. Oz.:
5.94M
5.94M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
40.78M
Maximum Profit (Gold):
$14,906.96M
$12,554.61M
n/a
$-2,352.36M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$14,906.96M
$12,554.61M
n/a
$-2,352.36M
Max Profit / Current MCap:
0.993
0.959
n/a
-0.034
Max Profit Per Share (Gold):
$61.35
$51.67
n/a
$-9.68
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$61.35
$51.67
n/a
$-9.68
Total Free Profit Per Share:
$0.00
$0.00
n/a
$0.00
FD MCap / Gold Eq.:
$2,527.09
$2,202.79
n/a
$-324.30
FD MCap / Silver Eq.:
$42.37
$33.12
n/a
$-9.25
FD MCap / Per Metal as % Spot Price:
56.04%
53.55%
n/a
-2.49%
EV / Gold Eq.:
$2,408.58
$2,084.28
n/a
$-324.30
EV / Silver Eq.:
$40.38
$31.34
n/a
$-9.05
EV / Per Metal as % Spot Price:
53.41%
50.67%
n/a
-2.74%
Reserves & Resources
05/23/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
9.00M
9.00M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
61.79M
P L A U S I B L E
Gold Eq. Oz.:
6.84M
6.84M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
46.96M
Maximum Profit (Gold):
$17,165.60M
$14,456.82M
n/a
$-2,708.78M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$17,165.60M
$14,456.82M
n/a
$-2,708.78M
Max Profit / Current MCap:
1.144
1.105
n/a
-0.039
Max Profit Per Share (Gold):
$70.64
$59.49
n/a
$-11.15
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$70.64
$59.49
n/a
$-11.15
Total Free Profit Per Share:
$0.00
$0.00
n/a
$0.00
FD MCap / Gold Eq.:
$2,194.58
$1,912.95
n/a
$-281.63
FD MCap / Silver Eq.:
$36.80
$28.76
n/a
$-8.03
FD MCap / Per Metal as % Spot Price:
48.66%
46.50%
n/a
-2.16%
EV / Gold Eq.:
$2,091.66
$1,810.03
n/a
$-281.63
EV / Silver Eq.:
$35.07
$27.21
n/a
$-7.85
EV / Per Metal as % Spot Price:
46.38%
44.00%
n/a
-2.38%
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
05/23/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Exchange Rates:
USD 1.0000
USD 1.0000
06/23/2026
Spot Gold:
$4,509.59
$4,113.57
06/23/2026
$-396.02
Spot Silver:
$75.61
$61.85
06/23/2026
$-13.76
Gold:Silver Ratio:
59.64
66.51
06/23/2026
6.87
Spot Gold (Future):
$7,000.00
$7,000.00
$0.00
Spot Silver (Future):
$200.00
$200.00
$0.00
Gold:Silver Ratio (Future):
35.00
35.00
0.00
Gold Avg. Recovery Rate:
75.00%
75.00%
0.00%
Silver Avg. Recovery Rate:
75.00%
75.00%
0.00%
Plausibility of P & P:
100.00%
100.00%
0.00%
Plausibility of M & I:
80.00%
80.00%
0.00%
Plausibility of Inferred:
50.00%
50.00%
0.00%
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