CA - Lundin Gold: Tracking Well Against Annual Guidance
2024-07-12 08:00:00 ET
Summary
- Lundin Gold reported a monster production quarter in Q2, marking its second-best quarter since it began production at FDN.
- Meanwhile, the company is set to see its free cash flow margins surge in the second half of this year following the buyout of its offtake agreement and stream facility.
- In this update, we’ll dig into the preliminary Q2 results, recent developments, and whether the stock is worth paying up for ahead of a likely dividend increase later this year.
The Q2 Earnings Season for the precious metals sector is just around the corner and several companies have begun reporting their preliminary results. One of the first companies to report their production results this week was Lundin Gold ( OTCQX:LUGDF ), with a monster quarter that was its second-best quarter on record since beginning production at its Fruta del Norte Mine. This massive production quarter should translate to upwards of $300 million in quarterly revenue, trouncing its previous record set in Q1, 2023. In this update, we'll dig into the preliminary Q2 results, recent developments, and whether the stock is worth paying up for ahead of a likely dividend increase later this year....
Lundin Gold: Tracking Well Against Annual Guidance