CA - Lundin Gold: Hunting For Another FDN In Elephant Country
2024-05-28 15:00:00 ET
Summary
- Lundin Gold had a solid start to 2024 and while its headline results were lower year-over-year, this was largely because of lapping difficult year-over-year grade comparisons.
- On a positive note, production will increase sharply in H2, margins will improve further, and the company continues to enjoy exploration success wherever it steps out from FDN Main.
- In this update, we'll dig into the Q1 results, recent developments, and how its valuation stacks up vs. peers and other high-grade growth stories in the sector.
The Q1 Earnings Season for the VanEck Gold Miners ETF ( GDX ) is finally over and one of the first companies to report its results was Lundin Gold Inc. ( LUGDF ). The company had a solid quarter despite lapping difficult year-over-year comps, with all-in sustaining cost [AISC] margins remaining near 60% with the benefit of a higher average realized gold price. Meanwhile, the company continues to enjoy exploration success in a year where it's planning to execute the largest drilling program in history on the Fruta del Norte land package. In this update (you can refer to my previous coverage of the company here) we'll dig into the Q1 results, recent developments, and how its valuation stacks up vs. peers and other high-grade growth stories in the sector.
Fruta del Norte Mineralization - Aurelian Resources
