Cash flow Lundin Gold Inc.

Equities

LUG

CA5503711080

Gold

Market Closed - Toronto S.E. Other stock markets 04:00:00 2025-01-24 pm EST			5-day change	1st Jan Change
35.46 ^CAD	+1.81%		+2.69%	+15.66%

Jan. 09	Lundin Gold Achieves Record Gold Production in 2024	MT
Jan. 09	Stockholm Bullets - Lundin Gold rises on better than expected production forecast	FW

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Published financial data: LUNDIN GOLD INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	-	358M	733M	816M	903M
Total Revenues	-	358M	733M	816M	903M
Cost of Goods Sold, Total	-	137M	270M	315M	331M
Gross Profit	-	221M	463M	500M	572M
Selling General & Admin Expenses, Total	21.07M	17.75M	15.79M	19.4M	21.03M
Exploration / Drilling Costs, Total	3.73M	2.8M	9.06M	15.45M	23.72M
Stock-Based Compensation (IS)	-	-	-	-	-
Depreciation & Amortization - (IS)	96K	52.89M	108M	131M	137M
Other Operating Expenses	1.22M	48K	9.7M	-	-
Other Operating Expenses, Total	26.13M	73.49M	142M	165M	181M
Operating Income	-26.13M	147M	321M	335M	390M
Interest Expense, Total	-	-37.63M	-38.59M	-37.76M	-28.74M
Interest And Investment Income	1.76M	402K	353K	5.09M	12.96M
Net Interest Expenses	1.76M	-37.23M	-38.24M	-32.67M	-15.78M
Currency Exchange Gains (Loss)	-2.94M	-	-	-	-
Other Non Operating Income (Expenses)	-91.64M	-146M	-25.81M	-125M	-89.61M
EBT, Excl. Unusual Items	-119M	-35.43M	257M	177M	285M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-24.94M	-	-	-
EBT, Incl. Unusual Items	-119M	-60.37M	257M	177M	285M
Income Tax Expense	-	-13.22M	35.68M	104M	106M
Earnings From Continuing Operations	-119M	-47.16M	221M	73.56M	179M
Net Income to Company	-119M	-47.16M	221M	73.56M	179M
Net Income - (IS)	-119M	-47.16M	221M	73.56M	179M
Net Income to Common Incl Extra Items	-119M	-47.16M	221M	73.56M	179M
Net Income to Common Excl. Extra Items	-119M	-47.16M	221M	73.56M	179M
Per Share Items
Net EPS - Basic	-0.54	-0.21	0.95	0.31	0.76
Basic EPS - Continuing Operations	-0.54	-0.21	0.95	0.31	0.76
Basic Weighted Average Shares Outstanding	221M	228M	232M	235M	237M
Net EPS - Diluted	-0.54	-0.21	0.94	0.31	0.75
Diluted EPS - Continuing Operations	-0.54	-0.21	0.94	0.31	0.75
Diluted Weighted Average Shares Outstanding	221M	228M	235M	237M	239M
Normalized Basic EPS	-0.34	-0.1	0.69	0.47	0.75
Normalized Diluted EPS	-0.34	-0.1	0.69	0.47	0.74
Dividend Per Share	-	-	-	0.2	0.4
Payout Ratio	-	-	-	63.94	52.89
Supplemental Items
EBITDA	-25.6M	200M	429M	466M	527M
EBITA	-25.73M	147M	321M	336M	391M
EBIT	-26.13M	147M	321M	335M	390M
Effective Tax Rate - (Ratio)	-	21.89	13.88	58.51	37.04
Total Current Taxes	-	-	59.72M	26.72M	76.93M
Deferred Domestic Taxes	-	-13.22M	-	-	-
Total Deferred Taxes	-	-13.22M	-24.05M	77M	28.65M
Normalized Net Income	-74.34M	-22.15M	161M	111M	178M
Interest on Long-Term Debt	52.7M	42.46M	51.28M	241M	85.27M
Supplemental Operating Expense Items
General and Administrative Expenses	15.08M	17.75M	15.79M	19.4M	21.03M
Exploration/Drilling Costs	3.73M	2.8M	9.06M	15.45M	23.72M
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)	3.49M	4.06M	3.04M	5.01M	4.47M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	3.49M	4.06M	3.04M	5.01M	4.47M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	75.68M	79.59M	263M	363M	268M
Total Cash And Short Term Investments	75.68M	79.59M	263M	363M	268M
Accounts Receivable, Total	20.94M	93.02M	96.47M	86.43M	93.04M
Other Receivables	26.8M	16.71M	51.84M	61.88M	23.41M
Total Receivables	47.74M	110M	148M	148M	116M
Inventory	-	59.91M	84.95M	89.79M	89.41M
Prepaid Expenses	12.06M	23.06M	19.37M	20.82M	47.01M
Other Current Assets, Total	13.7M	16.7M	13M	13M	13M
Total Current Assets	149M	289M	528M	635M	534M
Gross Property Plant And Equipment	1.18B	1.16B	1.19B	1.21B	1.23B
Accumulated Depreciation	-14.03M	-59.51M	-148M	-249M	-351M
Net Property Plant And Equipment	1.17B	1.1B	1.04B	965M	879M
Deferred Tax Assets Long-Term	-	-	31.11M	-	-
Other Long-Term Assets, Total	94.13M	113M	83.55M	68.74M	55.4M
Total Assets	1.41B	1.51B	1.69B	1.67B	1.47B
Liabilities
Accounts Payable, Total	25.31M	14.23M	13.58M	14.26M	16.75M
Accrued Expenses, Total	33.5M	39.59M	54.39M	57.18M	58.07M
Current Portion of Long-Term Debt	57.58M	179M	188M	345M	63.72M
Current Income Taxes Payable	-	-	54.85M	21.44M	48.49M
Other Current Liabilities	-	-	-	2.26M	-
Total Current Liabilities	116M	232M	311M	441M	187M
Long-Term Debt	821M	679M	552M	323M	242M
Deferred Tax Liability Non Current	-	-	-	46.63M	74.72M
Other Non Current Liabilities	4.75M	7.59M	7.84M	7.05M	8.72M
Total Liabilities	942M	919M	871M	817M	512M
Common Stock, Total	900M	952M	975M	990M	1.01B
Retained Earnings	-355M	-402M	-181M	-154M	-69.62M
Comprehensive Income and Other	-78.13M	37.24M	20.42M	16.47M	16.49M
Total Common Equity	467M	587M	814M	852M	956M
Total Equity	467M	587M	814M	852M	956M
Total Liabilities And Equity	1.41B	1.51B	1.69B	1.67B	1.47B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	224M	231M	233M	236M	238M
ECS Total Common Shares Outstanding	224M	230M	233M	236M	238M
Book Value / Share	2.09	2.55	3.49	3.62	4.02
Tangible Book Value	467M	587M	814M	852M	956M
Tangible Book Value Per Share	2.09	2.55	3.49	3.62	4.02
Total Debt	879M	857M	740M	668M	306M
Net Debt	803M	778M	477M	305M	37.62M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	-	42.8M	70.69M	67.24M	63.69M
Inventories - Work In Process, Total	-	3.32M	3.06M	5.83M	7.85M
Inventories - Others	-	13.79M	11.2M	16.71M	17.87M
Land - (BS)	4.72M	-	-	-	-
Machinery, Total	67.07M	79.54M	81.63M	82.92M	76.57M
Full Time Employees	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-119M	-47.16M	221M	73.56M	179M
Depreciation & Amortization - CF	130K	52.88M	107M	130M	136M
Amortization of Goodwill and Intangible Assets - (CF)	398K	39K	106K	611K	669K
Depreciation & Amortization, Total	528K	52.92M	108M	131M	137M
Amortization of Deferred Charges, Total - (CF)	-	3.69M	4.4M	7.78M	11M
Asset Writedown & Restructuring Costs	-	2.49M	-	-	-
Stock-Based Compensation (CF)	3.49M	4.06M	3.04M	5.01M	4.47M
Other Operating Activities, Total	95.76M	166M	30.66M	231M	137M
Change In Accounts Receivable	-	-110M	-14.65M	2.63M	9.39M
Change In Inventories	-	-11.16M	-18.89M	-7.25M	133K
Change In Accounts Payable	589K	44.63M	17.39M	3.44M	2.44M
Change In Income Taxes	-	-	54.85M	-33.4M	27.04M
Change in Other Net Operating Assets	-2.73M	8.76M	11.97M	13M	11.96M
Cash from Operations	-21.31M	114M	418M	426M	519M
Capital Expenditure	-409M	-58.77M	-56.99M	-54.02M	-48.24M
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Other Investing Activities, Total	-47.31M	-20.88M	-6.12M	-6.05M	-5.25M
Cash from Investing	-456M	-79.64M	-63.11M	-60.07M	-53.48M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	350M	-	-	-	-
Total Debt Issued	350M	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-35.41M	-104M	-132M	-278M
Total Debt Repaid	-	-35.41M	-104M	-132M	-278M
Issuance of Common Stock	39.53M	49.94M	18.58M	11.3M	14.15M
Common Dividends Paid	-	-	-	-47.03M	-94.91M
Common & Preferred Stock Dividends Paid	-	-	-	-47.03M	-94.91M
Other Financing Activities, Total	-5.54M	-42.29M	-86.27M	-96.64M	-202M
Cash from Financing	384M	-27.77M	-171M	-264M	-561M
Foreign Exchange Rate Adjustments	1.36M	-2.32M	-201K	-1.19M	-57K
Net Change in Cash	-91.83M	3.91M	183M	101M	-95.38M
Supplemental Items
Cash Interest Paid	12.98M	42.29M	85.21M	27.88M	19.84M
Cash Income Tax Paid (Refund)	-	-	-	54.38M	46.02M
Levered Free Cash Flow	-450M	-70.37M	247M	241M	364M
Unlevered Free Cash Flow	-450M	-50.54M	267M	257M	371M
Change In Net Working Capital	29.02M	141M	-12.77M	33.96M	-34.23M
Net Debt Issued / Repaid	350M	-35.41M	-104M	-132M	-278M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-1.35	6.32	12.58	12.48	15.56
Return on Total Capital	-1.42	6.61	13.39	13.62	17.55
Return On Equity %	-22.34	-8.95	31.6	8.83	19.85
Return on Common Equity	-22.34	-8.95	31.6	8.83	19.85
Margin Analysis
Gross Profit Margin %	-	61.68	63.17	61.35	63.35
SG&A Margin	-	4.96	2.15	2.38	2.33
EBITDA Margin %	-	55.94	58.46	57.08	58.4
EBITA Margin %	-	41.17	43.81	41.13	43.33
EBIT Margin %	-	41.16	43.79	41.06	43.26
Income From Continuing Operations Margin %	-	-13.17	30.19	9.02	19.88
Net Income Margin %	-	-13.17	30.19	9.02	19.88
Net Avail. For Common Margin %	-	-13.17	30.19	9.02	19.88
Normalized Net Income Margin	-	-6.18	21.91	13.58	19.74
Levered Free Cash Flow Margin	-	-19.65	33.73	29.57	40.35
Unlevered Free Cash Flow Margin	-	-14.11	36.42	31.51	41.12
Asset Turnover
Asset Turnover	-	0.25	0.46	0.49	0.58
Fixed Assets Turnover	-	0.32	0.68	0.81	0.98
Receivables Turnover (Average Receivables)	-	6.29	7.74	8.92	10.06
Inventory Turnover (Average Inventory)	-	-	3.73	3.61	3.69
Short Term Liquidity
Current Ratio	1.28	1.24	1.7	1.44	2.85
Quick Ratio	1.06	0.81	1.32	1.16	2.06
Operating Cash Flow to Current Liabilities	-0.18	0.49	1.34	0.97	2.78
Days Sales Outstanding (Average Receivables)	-	58.23	47.16	40.92	36.29
Days Outstanding Inventory (Average Inventory)	-	-	97.88	101.15	98.88
Average Days Payable Outstanding	-	-	17.19	15.87	17.13
Cash Conversion Cycle (Average Days)	-	-	127.84	126.2	118.04
Long Term Solvency
Total Debt/Equity	188.21	146.05	90.85	78.39	31.98
Total Debt / Total Capital	65.3	59.36	47.6	43.94	24.23
LT Debt/Equity	175.87	115.62	67.75	37.86	25.31
Long-Term Debt / Total Capital	61.02	46.99	35.5	21.22	19.18
Total Liabilities / Total Assets	66.87	61.02	51.67	48.94	34.9
EBIT / Interest Expense	-	3.92	8.32	8.87	13.58
EBITDA / Interest Expense	-	5.32	11.11	12.33	18.34
(EBITDA - Capex) / Interest Expense	-	3.76	9.63	10.9	16.66
Total Debt / EBITDA	-34.32	4.28	1.73	1.43	0.58
Net Debt / EBITDA	-31.36	3.88	1.11	0.65	0.07
Total Debt / (EBITDA - Capex)	-2.02	6.05	1.99	1.62	0.64
Net Debt / (EBITDA - Capex)	-1.85	5.49	1.28	0.74	0.08
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	104.75	11.23	10.65
Gross Profit, 1 Yr. Growth %	-	-	105.63	8.02	14.27
EBITDA, 1 Yr. Growth %	13.26	-864.12	106.92	8.6	13.21
EBITA, 1 Yr. Growth %	13.22	-659.64	111.61	4.44	16.57
EBIT, 1 Yr. Growth %	4.15	-651.17	111.59	4.28	16.58
Earnings From Cont. Operations, 1 Yr. Growth %	438.99	-60.35	-569.54	-66.78	143.97
Net Income, 1 Yr. Growth %	438.99	-60.35	-569.54	-66.78	143.97
Normalized Net Income, 1 Yr. Growth %	438.99	-70.21	-927.49	-31.05	60.79
Diluted EPS Before Extra, 1 Yr. Growth %	366.26	-61.44	-547.62	-67.02	141.94
Accounts Receivable, 1 Yr. Growth %	-	344.32	3.71	-10.41	7.64
Inventory, 1 Yr. Growth %	-	-	41.79	5.7	-0.42
Net Property, Plant and Equip., 1 Yr. Growth %	61.54	-5.35	-5.53	-7.43	-8.9
Total Assets, 1 Yr. Growth %	39.16	6.84	11.94	-0.96	-12.02
Tangible Book Value, 1 Yr. Growth %	-21.94	25.71	38.79	4.62	12.17
Common Equity, 1 Yr. Growth %	-21.94	25.71	38.79	4.62	12.17
Cash From Operations, 1 Yr. Growth %	-33.69	-633.39	267.6	2.01	21.88
Capital Expenditures, 1 Yr. Growth %	33.61	-85.46	-3.02	-5.21	-10.71
Levered Free Cash Flow, 1 Yr. Growth %	36.21	-84.22	-479.7	-2.5	50.97
Unlevered Free Cash Flow, 1 Yr. Growth %	36.21	-88.66	-689.31	-3.78	44.4
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	100
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-	50.91	10.94
Gross Profit, 2 Yr. CAGR %	-	-	-	49.04	11.1
EBITDA, 2 Yr. CAGR %	13.47	197.73	304.37	49.9	10.88
EBITA, 2 Yr. CAGR %	13.55	154.73	249.18	48.66	10.34
EBIT, 2 Yr. CAGR %	13.64	142.42	246.52	48.54	10.26
Earnings From Cont. Operations, 2 Yr. CAGR %