Cash flow Lundin Gold Inc.

Equities

LUG

CA5503711080

Gold

Market Closed - Toronto S.E. Other stock markets 04:00:00 2026-01-16 pm EST			5-day change	1st Jan Change
115.97 ^CAD	-3.33%		-0.52%	+1.71%

Jan. 15	Swedish Stocks in North America - Ericsson Down 0.7 Percent	FW
Jan. 14	Swedish Stocks in North America - Astra Zeneca Up 1.1 Percent	FW

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Published financial data: LUNDIN GOLD INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	358M	733M	816M	903M	1.19B
Total Revenues	358M	733M	816M	903M	1.19B
Cost of Goods Sold, Total	137M	270M	315M	331M	353M
Gross Profit	221M	463M	500M	572M	840M
Selling General & Admin Expenses, Total	17.75M	15.79M	19.4M	21.03M	32.62M
Exploration / Drilling Costs, Total	2.8M	9.06M	15.45M	23.72M	41.17M
Depreciation & Amortization - (IS)	52.89M	108M	131M	137M	137M
Other Operating Expenses	48K	9.7M	-	-	-
Other Operating Expenses, Total	73.49M	142M	165M	181M	211M
Operating Income	147M	321M	335M	390M	630M
Interest Expense, Total	-37.63M	-38.59M	-37.76M	-28.74M	-5.55M
Interest And Investment Income	402K	353K	5.09M	12.96M	16.29M
Net Interest Expenses	-37.23M	-38.24M	-32.67M	-15.78M	10.74M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-146M	-25.81M	-125M	-89.61M	231M
EBT, Excl. Unusual Items	-35.43M	257M	177M	285M	872M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-24.94M	-	-	-	-237M
EBT, Incl. Unusual Items	-60.37M	257M	177M	285M	634M
Income Tax Expense	-13.22M	35.68M	104M	106M	208M
Earnings From Continuing Operations	-47.16M	221M	73.56M	179M	426M
Net Income to Company	-47.16M	221M	73.56M	179M	426M
Net Income - (IS)	-47.16M	221M	73.56M	179M	426M
Net Income to Common Incl Extra Items	-47.16M	221M	73.56M	179M	426M
Net Income to Common Excl. Extra Items	-47.16M	221M	73.56M	179M	426M
Per Share Items
Net EPS - Basic	-0.21	0.95	0.31	0.76	1.78
Basic EPS - Continuing Operations	-0.21	0.95	0.31	0.76	1.78
Basic Weighted Average Shares Outstanding	228M	232M	235M	237M	239M
Net EPS - Diluted	-0.21	0.94	0.31	0.75	1.76
Diluted EPS - Continuing Operations	-0.21	0.94	0.31	0.75	1.76
Diluted Weighted Average Shares Outstanding	228M	235M	237M	239M	241M
Normalized Basic EPS	-0.1	0.69	0.47	0.75	2.28
Normalized Diluted EPS	-0.1	0.69	0.47	0.74	2.26
Dividend Per Share	-	-	0.2	0.4	0.6
Payout Ratio	-	-	63.94	52.89	33.76
Supplemental Items
EBITDA	200M	429M	466M	527M	767M
EBITA	147M	321M	336M	391M	630M
EBIT	147M	321M	335M	390M	630M
Effective Tax Rate - (Ratio)	21.89	13.88	58.51	37.04	32.81
Total Current Taxes	-	59.72M	26.72M	76.93M	192M
Deferred Domestic Taxes	-13.22M	-	-	-	-
Total Deferred Taxes	-13.22M	-24.05M	77M	28.65M	15.96M
Normalized Net Income	-22.15M	161M	111M	178M	545M
Interest on Long-Term Debt	42.46M	51.28M	241M	85.27M	30.97M
Supplemental Operating Expense Items
General and Administrative Expenses	17.75M	15.79M	19.4M	21.03M	32.62M
Exploration/Drilling Costs	2.8M	9.06M	15.45M	23.72M	41.17M
Maintenance & Repair Expenses, Total	4.36M	-	-	-	-
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Compensation - Exploration Costs / Drilling Costs, Total	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	4.06M	3.04M	5.01M	4.47M	15.73M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	4.06M	3.04M	5.01M	4.47M	15.73M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	79.59M	263M	363M	268M	349M
Total Cash And Short Term Investments	79.59M	263M	363M	268M	349M
Accounts Receivable, Total	93.02M	96.47M	86.43M	93.04M	156M
Other Receivables	16.71M	51.84M	61.88M	23.41M	58.03M
Total Receivables	110M	148M	148M	116M	214M
Inventory	59.91M	84.95M	89.79M	89.41M	88.21M
Prepaid Expenses	23.06M	19.37M	20.82M	47.01M	19.58M
Other Current Assets, Total	16.7M	13M	13M	13M	3.49M
Total Current Assets	289M	528M	635M	534M	674M
Gross Property Plant And Equipment	1.16B	1.19B	1.21B	1.23B	1.29B
Accumulated Depreciation	-59.51M	-148M	-249M	-351M	-461M
Net Property Plant And Equipment	1.1B	1.04B	965M	879M	829M
Deferred Tax Assets Long-Term	-	31.11M	-	-	-
Other Long-Term Assets, Total	113M	83.55M	68.74M	55.4M	24.29M
Total Assets	1.51B	1.69B	1.67B	1.47B	1.53B
Liabilities
Accounts Payable, Total	14.23M	13.58M	14.26M	16.75M	18.26M
Accrued Expenses, Total	39.59M	54.39M	57.18M	58.07M	91.69M
Current Portion of Long-Term Debt	179M	188M	345M	63.72M	-
Current Income Taxes Payable	-	54.85M	21.44M	48.49M	96.84M
Other Current Liabilities	-	-	2.26M	-	8.72M
Total Current Liabilities	232M	311M	441M	187M	216M
Long-Term Debt	679M	552M	323M	242M	-
Deferred Tax Liability Non Current	-	-	46.63M	74.72M	84.34M
Other Non Current Liabilities	7.59M	7.84M	7.05M	8.72M	11.32M
Total Liabilities	919M	871M	817M	512M	311M
Common Stock, Total	952M	975M	990M	1.01B	1.04B
Retained Earnings	-402M	-181M	-154M	-69.62M	213M
Comprehensive Income and Other	37.24M	20.42M	16.47M	16.49M	-31.69M
Total Common Equity	587M	814M	852M	956M	1.22B
Total Equity	587M	814M	852M	956M	1.22B
Total Liabilities And Equity	1.51B	1.69B	1.67B	1.47B	1.53B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	231M	233M	236M	238M	240M
ECS Total Common Shares Outstanding	230M	233M	236M	238M	240M
Book Value / Share	2.55	3.49	3.62	4.02	5.06
Tangible Book Value	587M	814M	852M	956M	1.22B
Tangible Book Value Per Share	2.55	3.49	3.62	4.02	5.06
Total Debt	857M	740M	668M	306M	0
Net Debt	778M	477M	305M	37.62M	-349M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	42.8M	70.69M	67.24M	63.69M	60.98M
Inventories - Work In Process, Total	3.32M	3.06M	5.83M	7.85M	8.55M
Inventories - Others	13.79M	11.2M	16.71M	17.87M	18.69M
Land - (BS)	-	-	-	-	-
Machinery, Total	79.54M	81.63M	82.92M	76.57M	77.78M
Full Time Employees	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-47.16M	221M	73.56M	179M	426M
Depreciation & Amortization - CF	52.88M	107M	130M	136M	136M
Amortization of Goodwill and Intangible Assets - (CF)	39K	106K	611K	669K	821K
Depreciation & Amortization, Total	52.92M	108M	131M	137M	137M
Amortization of Deferred Charges, Total - (CF)	3.69M	4.4M	7.78M	11M	1.86M
Asset Writedown & Restructuring Costs	2.49M	-	-	-	-
Stock-Based Compensation (CF)	4.06M	3.04M	5.01M	4.47M	15.73M
Other Operating Activities, Total	166M	30.66M	231M	137M	22.03M
Change In Accounts Receivable	-110M	-14.65M	2.63M	9.39M	-32.06M
Change In Inventories	-11.16M	-18.89M	-7.25M	133K	2.42M
Change In Accounts Payable	44.63M	17.39M	3.44M	2.44M	28M
Change In Income Taxes	-	54.85M	-33.4M	27.04M	48.36M
Change in Other Net Operating Assets	8.76M	11.97M	13M	11.96M	13M
Cash from Operations	114M	418M	426M	519M	662M
Capital Expenditure	-58.77M	-56.99M	-54.02M	-48.24M	-82.4M
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Other Investing Activities, Total	-20.88M	-6.12M	-6.05M	-5.25M	-11.11M
Cash from Investing	-79.64M	-63.11M	-60.07M	-53.48M	-93.5M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-35.41M	-104M	-132M	-278M	-101M
Total Debt Repaid	-35.41M	-104M	-132M	-278M	-101M
Issuance of Common Stock	49.94M	18.58M	11.3M	14.15M	22.14M
Common Dividends Paid	-	-	-47.03M	-94.91M	-144M
Common & Preferred Stock Dividends Paid	-	-	-47.03M	-94.91M	-144M
Other Financing Activities, Total	-42.29M	-86.27M	-96.64M	-202M	-265M
Cash from Financing	-27.77M	-171M	-264M	-561M	-487M
Foreign Exchange Rate Adjustments	-2.32M	-201K	-1.19M	-57K	-222K
Net Change in Cash	3.91M	183M	101M	-95.38M	81.18M
Supplemental Items
Cash Interest Paid	42.29M	85.21M	27.88M	19.84M	3.69M
Cash Income Tax Paid (Refund)	-	-	54.38M	46.02M	137M
Levered Free Cash Flow	-70.37M	247M	241M	364M	495M
Unlevered Free Cash Flow	-50.54M	267M	257M	371M	497M
Change In Net Working Capital	141M	-12.77M	33.96M	-34.23M	-32.81M
Net Debt Issued / Repaid	-35.41M	-104M	-132M	-278M	-101M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.32	12.58	12.48	15.56	26.27
Return on Total Capital	6.61	13.39	13.62	17.55	31.76
Return On Equity %	-8.95	31.6	8.83	19.85	39.23
Return on Common Equity	-8.95	31.6	8.83	19.85	39.23
Margin Analysis
Gross Profit Margin %	61.68	63.17	61.35	63.35	70.44
SG&A Margin	4.96	2.15	2.38	2.33	2.73
EBITDA Margin %	55.94	58.46	57.08	58.4	64.26
EBITA Margin %	41.17	43.81	41.13	43.33	52.84
EBIT Margin %	41.16	43.79	41.06	43.26	52.77
Income From Continuing Operations Margin %	-13.17	30.19	9.02	19.88	35.71
Net Income Margin %	-13.17	30.19	9.02	19.88	35.71
Net Avail. For Common Margin %	-13.17	30.19	9.02	19.88	35.71
Normalized Net Income Margin	-6.18	21.91	13.58	19.74	45.66
Levered Free Cash Flow Margin	-19.65	33.73	29.57	40.35	41.49
Unlevered Free Cash Flow Margin	-14.11	36.42	31.51	41.12	41.63
Asset Turnover
Asset Turnover	0.25	0.46	0.49	0.58	0.8
Fixed Assets Turnover	0.32	0.68	0.81	0.98	1.4
Receivables Turnover (Average Receivables)	6.29	7.74	8.92	10.06	9.58
Inventory Turnover (Average Inventory)	-	3.73	3.61	3.69	3.97
Short Term Liquidity
Current Ratio	1.24	1.7	1.44	2.85	3.13
Quick Ratio	0.81	1.32	1.16	2.06	2.61
Operating Cash Flow to Current Liabilities	0.49	1.34	0.97	2.78	3.07
Days Sales Outstanding (Average Receivables)	58.23	47.16	40.92	36.29	38.19
Days Outstanding Inventory (Average Inventory)	-	97.88	101.15	98.88	92.16
Average Days Payable Outstanding	-	17.19	15.87	17.13	18.23
Cash Conversion Cycle (Average Days)	-	127.84	126.2	118.04	112.12
Long Term Solvency
Total Debt/Equity	146.05	90.85	78.39	31.98	-
Total Debt / Total Capital	59.36	47.6	43.94	24.23	-
LT Debt/Equity	115.62	67.75	37.86	25.31	-
Long-Term Debt / Total Capital	46.99	35.5	21.22	19.18	-
Total Liabilities / Total Assets	61.02	51.67	48.94	34.9	20.37
EBIT / Interest Expense	3.92	8.32	8.87	13.58	113.4
EBITDA / Interest Expense	5.32	11.11	12.33	18.34	138.08
(EBITDA - Capex) / Interest Expense	3.76	9.63	10.9	16.66	123.24
Total Debt / EBITDA	4.28	1.73	1.43	0.58	-
Net Debt / EBITDA	3.88	1.11	0.65	0.07	-0.46
Total Debt / (EBITDA - Capex)	6.05	1.99	1.62	0.64	-
Net Debt / (EBITDA - Capex)	5.49	1.28	0.74	0.08	-0.51
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	104.75	11.23	10.65	32.19
Gross Profit, 1 Yr. Growth %	-	105.63	8.02	14.27	46.97
EBITDA, 1 Yr. Growth %	-864.12	106.92	8.6	13.21	45.45
EBITA, 1 Yr. Growth %	-659.64	111.61	4.44	16.57	61.19
EBIT, 1 Yr. Growth %	-651.17	111.59	4.28	16.58	61.26
Earnings From Cont. Operations, 1 Yr. Growth %	-60.35	-569.54	-66.78	143.97	137.41
Net Income, 1 Yr. Growth %	-60.35	-569.54	-66.78	143.97	137.41
Normalized Net Income, 1 Yr. Growth %	-70.21	-927.49	-31.05	60.79	205.79
Diluted EPS Before Extra, 1 Yr. Growth %	-61.44	-547.62	-67.02	141.94	134.67
Accounts Receivable, 1 Yr. Growth %	344.32	3.71	-10.41	7.64	67.62
Inventory, 1 Yr. Growth %	-	41.79	5.7	-0.42	-1.34
Net Property, Plant and Equip., 1 Yr. Growth %	-5.35	-5.53	-7.43	-8.9	-5.71
Total Assets, 1 Yr. Growth %	6.84	11.94	-0.96	-12.02	4.04
Tangible Book Value, 1 Yr. Growth %	25.71	38.79	4.62	12.17	27.25
Common Equity, 1 Yr. Growth %	25.71	38.79	4.62	12.17	27.25
Cash From Operations, 1 Yr. Growth %	-633.39	267.6	2.01	21.88	27.53
Capital Expenditures, 1 Yr. Growth %	-85.46	-3.02	-5.21	-10.71	70.83
Levered Free Cash Flow, 1 Yr. Growth %	-84.22	-479.7	-2.5	50.97	35.94
Unlevered Free Cash Flow, 1 Yr. Growth %	-88.66	-689.31	-3.78	44.4	33.83
Dividend Per Share, 1 Yr. Growth %	-	-	-	100	50
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	50.91	10.94	20.94
Gross Profit, 2 Yr. CAGR %	-	-	49.04	11.1	29.59
EBITDA, 2 Yr. CAGR %	197.73	304.37	49.9	10.88	28.32
EBITA, 2 Yr. CAGR %	154.73	249.18	48.66	10.34	37.08
EBIT, 2 Yr. CAGR %	142.42	246.52	48.54	10.26	37.11
Earnings From Cont. Operations, 2 Yr. CAGR %	46.18	36.44	24.89	-9.97	140.67
Net Income, 2 Yr. CAGR %	46.18	36.44	24.89	-9.97	140.67
Normalized Net Income, 2 Yr. CAGR %	26.72	47.02	138.86	5.29	121.74
Diluted EPS Before Extra, 2 Yr. CAGR %	34.08	32.23	21.5	-10.68	138.27
Accounts Receivable, 2 Yr. CAGR %	-	114.66	-3.61	-1.8	34.32
Inventory, 2 Yr. CAGR %	-	-	22.42	2.59	-0.88
Net Property, Plant and Equip., 2 Yr. CAGR %	23.65	-5.44	-6.48	-8.17	-7.32
Total Assets, 2 Yr. CAGR %	21.94	9.36	5.29	-6.66	-4.33
Tangible Book Value, 2 Yr. CAGR %	-0.94	32.09	20.5	8.33	19.48
Common Equity, 2 Yr. CAGR %	-0.94	32.09	20.5	8.33	19.48
Cash From Operations, 2 Yr. CAGR %	88.06	342.8	93.64	11.5	24.67
Capital Expenditures, 2 Yr. CAGR %	-56.16	-62.45	-4.12	-8	23.5
Levered Free Cash Flow, 2 Yr. CAGR %	-53.84	-25.51	92.41	21.33	43.26
Unlevered Free Cash Flow, 2 Yr. CAGR %	-60.88	-22.6	138.13	17.87	39.01
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	73.21
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	36.08	17.61
Gross Profit, 3 Yr. CAGR %	-	-	-	36.41	21.96
EBITDA, 3 Yr. CAGR %	115.99	166.69	160.89	36.51	21.38
EBITA, 3 Yr. CAGR %	94.78	141.8	133.52	37.08	25.2
EBIT, 3 Yr. CAGR %	93.87	133.94	132.21	37.02	25.16
Earnings From Cont. Operations, 3 Yr. CAGR %	4.66	115.69	-14.8	56.12	24.38
Net Income, 3 Yr. CAGR %	4.66	115.69	-14.8	56.12	24.38
Normalized Net Income, 3 Yr. CAGR %	-4.86	126.7	14.23	109.34	50.22
Diluted EPS Before Extra, 3 Yr. CAGR %	-15.63	101.26	-16.77	52.86	23.25
Accounts Receivable, 3 Yr. CAGR %	-	-	60.42	0	17.36
Inventory, 3 Yr. CAGR %	-	-	-	14.28	1.26
Net Property, Plant and Equip., 3 Yr. CAGR %	41.55	13.04	-6.11	-7.3	-7.36
Total Assets, 3 Yr. CAGR %	46.2	18.51	5.81	-0.83	-3.22
Tangible Book Value, 3 Yr. CAGR %	35.7	10.84	22.21	17.66	14.3
Common Equity, 3 Yr. CAGR %	35.7	10.84	22.21	17.66	14.3
Cash From Operations, 3 Yr. CAGR %	58.62	135.14	171.45	65.95	16.61
Capital Expenditures, 3 Yr. CAGR %	-17.99	-42.88	-48.87	-6.37	13.08
Levered Free Cash Flow, 3 Yr. CAGR %	-19.65	-9.19	-18.52	77.47	26.01
Unlevered Free Cash Flow, 3 Yr. CAGR %	-28.04	-6.84	-16.77	101.56	22.97
Compound Annual Growth Rate Over Five Years
Gross Profit, 5 Yr. CAGR %	45.5	68.64	-	-	-
EBITDA, 5 Yr. CAGR %	33.76	50.99	87.89	87.74	96.42
EBITA, 5 Yr. CAGR %	25.26	42	75.85	76.67	88.7
EBIT, 5 Yr. CAGR %	25.21	41.94	75.3	73.15	88.09
Earnings From Cont. Operations, 5 Yr. CAGR %	0.8	28.66	12.32	52.07	29.07
Net Income, 5 Yr. CAGR %	0.8	28.66	12.32	52.07	29.07
Normalized Net Income, 5 Yr. CAGR %	-4.8	32.56	33.93	66.81	48.93
Diluted EPS Before Extra, 5 Yr. CAGR %	-14.28	10.21	-2.13	45.43	26.77
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	49.42
Net Property, Plant and Equip., 5 Yr. CAGR %	35.07	33.62	19.92	4.02	-6.6
Total Assets, 5 Yr. CAGR %	41.28	43.3	28.21	7.72	1.63
Tangible Book Value, 5 Yr. CAGR %	17.6	24.73	29.4	9.83	21.11
Common Equity, 5 Yr. CAGR %	17.6	24.73	29.4	9.83	21.11
Cash From Operations, 5 Yr. CAGR %	21.32	48.74	71.8	74.47	98.85
Capital Expenditures, 5 Yr. CAGR %	223.49	170.3	-12.7	-30.88	-27.24
Levered Free Cash Flow, 5 Yr. CAGR %	21.32	35.55	12.2	1.97	2.12
Unlevered Free Cash Flow, 5 Yr. CAGR %	13.55	37.65	13.63	2.36	2.18