Cash flow Lundin Gold Inc.

Equities

LUG

CA5503711080

Gold

Market Closed - Toronto S.E. Other stock markets 16:18:10 2026-04-14 EDT			5-day change	1st Jan Change
116.34 ^CAD	+0.15%		+5.80%	+2.03%

04-10	Positive finish to Friday caps strong week for Stockholm, OMXS30 index gains 1 percent	FW
04-10	Peace hopes bolster Stockholm bourse, OMXS30 index rises 1.2 percent	FW

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Published financial data: LUNDIN GOLD INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	733M	816M	903M	1.19B	1.78B
Total Revenues	733M	816M	903M	1.19B	1.78B
Cost of Goods Sold, Total	270M	315M	331M	353M	422M
Gross Profit	463M	500M	572M	840M	1.36B
Selling General & Admin Expenses, Total	15.79M	19.4M	21.03M	32.62M	64.42M
Exploration / Drilling Costs, Total	9.06M	15.45M	23.72M	41.17M	59.52M
Depreciation & Amortization - (IS)	108M	131M	137M	137M	135M
Other Operating Expenses	9.7M	-	-	-	-
Other Operating Expenses, Total	142M	165M	181M	211M	259M
Operating Income	321M	335M	390M	630M	1.1B
Interest Expense, Total	-38.59M	-37.76M	-28.74M	-5.55M	-
Interest And Investment Income	353K	5.09M	12.96M	16.29M	22.86M
Net Interest Expenses	-38.24M	-32.67M	-15.78M	10.74M	22.86M
Currency Exchange Gains (Loss)	-	-	-	-	-1.72M
Other Non Operating Income (Expenses)	-25.81M	-125M	-89.61M	231M	-
EBT, Excl. Unusual Items	257M	177M	285M	872M	1.12B
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-237M	-
EBT, Incl. Unusual Items	257M	177M	285M	634M	1.12B
Income Tax Expense	35.68M	104M	106M	208M	331M
Earnings From Continuing Operations	221M	73.56M	179M	426M	792M
Net Income to Company	221M	73.56M	179M	426M	792M
Net Income - (IS)	221M	73.56M	179M	426M	792M
Net Income to Common Incl Extra Items	221M	73.56M	179M	426M	792M
Net Income to Common Excl. Extra Items	221M	73.56M	179M	426M	792M
Per Share Items
Net EPS - Basic	0.95	0.31	0.76	1.78	3.29
Basic EPS - Continuing Operations	0.95	0.31	0.76	1.78	3.29
Basic Weighted Average Shares Outstanding	232M	235M	237M	239M	241M
Net EPS - Diluted	0.94	0.31	0.75	1.76	3.27
Diluted EPS - Continuing Operations	0.94	0.31	0.75	1.76	3.27
Diluted Weighted Average Shares Outstanding	235M	237M	239M	241M	243M
Normalized Basic EPS	0.69	0.47	0.75	2.28	2.91
Normalized Diluted EPS	0.69	0.47	0.74	2.26	2.9
Dividend Per Share	-	0.2	0.4	0.6	2.34
Payout Ratio	-	63.94	52.89	33.76	83.8
Supplemental Items
EBITDA	429M	466M	527M	767M	1.24B
EBITA	321M	336M	391M	630M	1.1B
EBIT	321M	335M	390M	630M	1.1B
Effective Tax Rate - (Ratio)	13.88	58.51	37.04	32.81	29.5
Total Current Taxes	59.72M	26.72M	76.93M	192M	426M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-24.05M	77M	28.65M	15.96M	-94.98M
Normalized Net Income	161M	111M	178M	545M	702M
Interest on Long-Term Debt	51.28M	241M	85.27M	30.97M	-
Supplemental Operating Expense Items
General and Administrative Expenses	15.79M	19.4M	21.03M	32.62M	64.42M
Exploration/Drilling Costs	9.06M	15.45M	23.72M	41.17M	59.52M
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Compensation - Exploration Costs / Drilling Costs, Total	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	3.04M	5.01M	4.47M	15.73M	48.46M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	3.04M	5.01M	4.47M	15.73M	48.46M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	263M	363M	268M	349M	630M
Total Cash And Short Term Investments	263M	363M	268M	349M	630M
Accounts Receivable, Total	96.47M	86.43M	93.04M	156M	199M
Other Receivables	51.84M	61.88M	23.41M	58.03M	42.53M
Total Receivables	148M	148M	116M	214M	242M
Inventory	84.95M	89.79M	89.41M	88.21M	92.88M
Prepaid Expenses	19.37M	20.82M	47.01M	19.58M	18.34M
Other Current Assets, Total	13M	13M	13M	3.49M	-
Total Current Assets	528M	635M	534M	674M	983M
Gross Property Plant And Equipment	1.19B	1.21B	1.23B	1.29B	1.35B
Accumulated Depreciation	-148M	-249M	-351M	-461M	-570M
Net Property Plant And Equipment	1.04B	965M	879M	829M	775M
Deferred Tax Assets Long-Term	31.11M	-	-	-	10.64M
Other Long-Term Assets, Total	83.55M	68.74M	55.4M	24.29M	18.59M
Total Assets	1.69B	1.67B	1.47B	1.53B	1.79B
Liabilities
Accounts Payable, Total	13.58M	14.26M	16.75M	18.26M	15.2M
Accrued Expenses, Total	54.39M	57.18M	58.07M	91.69M	144M
Current Portion of Long-Term Debt	188M	345M	63.72M	-	-
Current Income Taxes Payable	54.85M	21.44M	48.49M	96.84M	205M
Other Current Liabilities	-	2.26M	-	8.72M	24.34M
Total Current Liabilities	311M	441M	187M	216M	389M
Long-Term Debt	552M	323M	242M	-	-
Deferred Tax Liability Non Current	-	46.63M	74.72M	84.34M	-
Other Non Current Liabilities	7.84M	7.05M	8.72M	11.32M	34.52M
Total Liabilities	871M	817M	512M	311M	423M
Common Stock, Total	975M	990M	1.01B	1.04B	1.06B
Retained Earnings	-181M	-154M	-69.62M	213M	341M
Comprehensive Income and Other	20.42M	16.47M	16.49M	-31.69M	-34.04M
Total Common Equity	814M	852M	956M	1.22B	1.36B
Total Equity	814M	852M	956M	1.22B	1.36B
Total Liabilities And Equity	1.69B	1.67B	1.47B	1.53B	1.79B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	233M	236M	238M	240M	242M
ECS Total Common Shares Outstanding	233M	236M	238M	240M	241M
Book Value / Share	3.49	3.62	4.02	5.06	5.65
Tangible Book Value	814M	852M	956M	1.22B	1.36B
Tangible Book Value Per Share	3.49	3.62	4.02	5.06	5.65
Total Debt	740M	668M	306M	0	0
Net Debt	477M	305M	37.62M	-349M	-630M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	70.69M	67.24M	63.69M	60.98M	62.74M
Inventories - Work In Process, Total	3.06M	5.83M	7.85M	8.55M	9.72M
Inventories - Others	11.2M	16.71M	17.87M	18.69M	20.42M
Land - (BS)	-	-	-	-	-
Machinery, Total	81.63M	82.92M	76.57M	77.78M	83.92M
Full Time Employees	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	221M	73.56M	179M	426M	792M
Depreciation & Amortization - CF	107M	130M	136M	136M	134M
Amortization of Goodwill and Intangible Assets - (CF)	106K	611K	669K	821K	760K
Depreciation & Amortization, Total	108M	131M	137M	137M	135M
Amortization of Deferred Charges, Total - (CF)	4.4M	7.78M	11M	1.86M	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	3.04M	5.01M	4.47M	15.73M	48.46M
Other Operating Activities, Total	30.66M	231M	137M	22.03M	-105M
Change In Accounts Receivable	-14.65M	2.63M	9.39M	-32.06M	-9.6M
Change In Inventories	-18.89M	-7.25M	133K	2.42M	-4.28M
Change In Accounts Payable	17.39M	3.44M	2.44M	28M	54.63M
Change In Income Taxes	54.85M	-33.4M	27.04M	48.36M	108M
Change in Other Net Operating Assets	11.97M	13M	11.96M	13M	3.49M
Cash from Operations	418M	426M	519M	662M	1.02B
Capital Expenditure	-56.99M	-54.02M	-48.24M	-82.4M	-85.98M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Other Investing Activities, Total	-6.12M	-6.05M	-5.25M	-11.11M	-11.25M
Cash from Investing	-63.11M	-60.07M	-53.48M	-93.5M	-97.23M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-104M	-132M	-278M	-101M	-
Total Debt Repaid	-104M	-132M	-278M	-101M	-
Issuance of Common Stock	18.58M	11.3M	14.15M	22.14M	18.94M
Common Dividends Paid	-	-47.03M	-94.91M	-144M	-664M
Common & Preferred Stock Dividends Paid	-	-47.03M	-94.91M	-144M	-664M
Other Financing Activities, Total	-86.27M	-96.64M	-202M	-265M	-
Cash from Financing	-171M	-264M	-561M	-487M	-645M
Foreign Exchange Rate Adjustments	-201K	-1.19M	-57K	-222K	45K
Net Change in Cash	183M	101M	-95.38M	81.18M	281M
Supplemental Items
Cash Interest Paid	85.21M	27.88M	19.84M	3.69M	-
Cash Income Tax Paid (Refund)	-	54.38M	46.02M	137M	313M
Levered Free Cash Flow	247M	241M	364M	495M	932M
Unlevered Free Cash Flow	267M	257M	371M	497M	932M
Change In Net Working Capital	-12.77M	33.96M	-34.23M	-32.81M	-145M
Net Debt Issued / Repaid	-104M	-132M	-278M	-101M	-

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	12.58	12.48	15.56	26.27	41.57
Return on Total Capital	13.39	13.62	17.55	31.76	53.4
Return On Equity %	31.6	8.83	19.85	39.23	61.4
Return on Common Equity	31.6	8.83	19.85	39.23	61.4
Margin Analysis
Gross Profit Margin %	63.17	61.35	63.35	70.44	76.36
SG&A Margin	2.15	2.38	2.33	2.73	3.61
EBITDA Margin %	58.46	57.08	58.4	64.26	69.41
EBITA Margin %	43.81	41.13	43.33	52.84	61.87
EBIT Margin %	43.79	41.06	43.26	52.77	61.83
Income From Continuing Operations Margin %	30.19	9.02	19.88	35.71	44.43
Net Income Margin %	30.19	9.02	19.88	35.71	44.43
Net Avail. For Common Margin %	30.19	9.02	19.88	35.71	44.43
Normalized Net Income Margin	21.91	13.58	19.74	45.66	39.39
Levered Free Cash Flow Margin	33.73	29.57	40.35	41.49	52.27
Unlevered Free Cash Flow Margin	36.42	31.51	41.12	41.63	52.27
Asset Turnover
Asset Turnover	0.46	0.49	0.58	0.8	1.08
Fixed Assets Turnover	0.68	0.81	0.98	1.4	2.22
Receivables Turnover (Average Receivables)	7.74	8.92	10.06	9.58	10.04
Inventory Turnover (Average Inventory)	3.73	3.61	3.69	3.97	4.66
Short Term Liquidity
Current Ratio	1.7	1.44	2.85	3.13	2.53
Quick Ratio	1.32	1.16	2.06	2.61	2.24
Operating Cash Flow to Current Liabilities	1.34	0.97	2.78	3.07	2.63
Days Sales Outstanding (Average Receivables)	47.16	40.92	36.29	38.19	36.36
Days Outstanding Inventory (Average Inventory)	97.88	101.15	98.88	92.16	78.4
Average Days Payable Outstanding	17.19	15.87	17.13	18.23	14.33
Cash Conversion Cycle (Average Days)	127.84	126.2	118.04	112.12	100.42
Long Term Solvency
Total Debt/Equity	90.85	78.39	31.98	-	-
Total Debt / Total Capital	47.6	43.94	24.23	-	-
LT Debt/Equity	67.75	37.86	25.31	-	-
Long-Term Debt / Total Capital	35.5	21.22	19.18	-	-
Total Liabilities / Total Assets	51.67	48.94	34.9	20.37	23.67
EBIT / Interest Expense	8.32	8.87	13.58	113.4	-
EBITDA / Interest Expense	11.11	12.33	18.34	138.08	-
(EBITDA - Capex) / Interest Expense	9.63	10.9	16.66	123.24	-
Total Debt / EBITDA	1.73	1.43	0.58	-	-
Net Debt / EBITDA	1.11	0.65	0.07	-0.46	-0.51
Total Debt / (EBITDA - Capex)	1.99	1.62	0.64	-	-
Net Debt / (EBITDA - Capex)	1.28	0.74	0.08	-0.51	-0.55
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	104.75	11.23	10.65	32.19	49.44
Gross Profit, 1 Yr. Growth %	105.63	8.02	14.27	46.97	62
EBITDA, 1 Yr. Growth %	106.92	8.6	13.21	45.45	61.43
EBITA, 1 Yr. Growth %	111.61	4.44	16.57	61.19	74.99
EBIT, 1 Yr. Growth %	111.59	4.28	16.58	61.26	75.09
Earnings From Cont. Operations, 1 Yr. Growth %	-569.54	-66.78	143.97	137.41	85.93
Net Income, 1 Yr. Growth %	-569.54	-66.78	143.97	137.41	85.93
Normalized Net Income, 1 Yr. Growth %	-927.49	-31.05	60.79	205.79	28.9
Diluted EPS Before Extra, 1 Yr. Growth %	-547.62	-67.02	141.94	134.67	85.8
Accounts Receivable, 1 Yr. Growth %	3.71	-10.41	7.64	67.62	27.75
Inventory, 1 Yr. Growth %	41.79	5.7	-0.42	-1.34	5.3
Net Property, Plant and Equip., 1 Yr. Growth %	-5.53	-7.43	-8.9	-5.71	-6.51
Total Assets, 1 Yr. Growth %	11.94	-0.96	-12.02	4.04	17
Tangible Book Value, 1 Yr. Growth %	38.79	4.62	12.17	27.25	12.15
Common Equity, 1 Yr. Growth %	38.79	4.62	12.17	27.25	12.15
Cash From Operations, 1 Yr. Growth %	267.6	2.01	21.88	27.53	54.45
Capital Expenditures, 1 Yr. Growth %	-3.02	-5.21	-10.71	70.83	4.34
Levered Free Cash Flow, 1 Yr. Growth %	-479.7	-2.5	50.97	35.94	88.51
Unlevered Free Cash Flow, 1 Yr. Growth %	-689.31	-3.78	44.4	33.83	87.64
Dividend Per Share, 1 Yr. Growth %	-	-	100	50	290
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	50.91	10.94	20.94	40.55
Gross Profit, 2 Yr. CAGR %	-	49.04	11.1	29.59	54.3
EBITDA, 2 Yr. CAGR %	304.37	49.9	10.88	28.32	53.23
EBITA, 2 Yr. CAGR %	249.18	48.66	10.34	37.08	67.95
EBIT, 2 Yr. CAGR %	246.52	48.54	10.26	37.11	68.03
Earnings From Cont. Operations, 2 Yr. CAGR %	36.44	24.89	-9.97	140.67	110.1
Net Income, 2 Yr. CAGR %	36.44	24.89	-9.97	140.67	110.1
Normalized Net Income, 2 Yr. CAGR %	47.02	138.86	5.29	121.74	98.54
Diluted EPS Before Extra, 2 Yr. CAGR %	32.23	21.5	-10.68	138.27	108.81
Accounts Receivable, 2 Yr. CAGR %	114.66	-3.61	-1.8	34.32	46.34
Inventory, 2 Yr. CAGR %	-	22.42	2.59	-0.88	1.93
Net Property, Plant and Equip., 2 Yr. CAGR %	-5.44	-6.48	-8.17	-7.32	-6.11
Total Assets, 2 Yr. CAGR %	9.36	5.29	-6.66	-4.33	10.33
Tangible Book Value, 2 Yr. CAGR %	32.09	20.5	8.33	19.48	19.47
Common Equity, 2 Yr. CAGR %	32.09	20.5	8.33	19.48	19.47
Cash From Operations, 2 Yr. CAGR %	342.8	93.64	11.5	24.67	40.34
Capital Expenditures, 2 Yr. CAGR %	-62.45	-4.12	-8	23.5	33.51
Levered Free Cash Flow, 2 Yr. CAGR %	-25.51	92.41	21.33	43.26	59.97
Unlevered Free Cash Flow, 2 Yr. CAGR %	-22.6	138.13	17.87	39.01	58.46
Dividend Per Share, 2 Yr. CAGR %	-	-	-	73.21	141.87
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	36.08	17.61	29.78
Gross Profit, 3 Yr. CAGR %	-	-	36.41	21.96	39.6
EBITDA, 3 Yr. CAGR %	166.69	160.89	36.51	21.38	38.52
EBITA, 3 Yr. CAGR %	141.8	133.52	37.08	25.2	48.7
EBIT, 3 Yr. CAGR %	133.94	132.21	37.02	25.16	48.76
Earnings From Cont. Operations, 3 Yr. CAGR %	115.69	-14.8	56.12	24.38	120.83
Net Income, 3 Yr. CAGR %	115.69	-14.8	56.12	24.38	120.83
Normalized Net Income, 3 Yr. CAGR %	126.7	14.23	109.34	50.22	85.06
Diluted EPS Before Extra, 3 Yr. CAGR %	101.26	-16.77	52.86	23.25	119.31
Accounts Receivable, 3 Yr. CAGR %	-	60.42	0	17.36	32.1
Inventory, 3 Yr. CAGR %	-	-	14.28	1.26	1.14
Net Property, Plant and Equip., 3 Yr. CAGR %	13.04	-6.11	-7.3	-7.36	-7.05
Total Assets, 3 Yr. CAGR %	18.51	5.81	-0.83	-3.22	2.31
Tangible Book Value, 3 Yr. CAGR %	10.84	22.21	17.66	14.3	16.98
Common Equity, 3 Yr. CAGR %	10.84	22.21	17.66	14.3	16.98
Cash From Operations, 3 Yr. CAGR %	135.14	171.45	65.95	16.61	33.9
Capital Expenditures, 3 Yr. CAGR %	-42.88	-48.87	-6.37	13.08	16.76
Levered Free Cash Flow, 3 Yr. CAGR %	-9.19	-18.52	77.47	26.01	56.91
Unlevered Free Cash Flow, 3 Yr. CAGR %	-6.84	-16.77	101.56	22.97	53.63
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	127.02
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	37.85
Gross Profit, 5 Yr. CAGR %	68.64	-	-	-	43.3
EBITDA, 5 Yr. CAGR %	50.99	87.89	87.74	96.42	42.97
EBITA, 5 Yr. CAGR %	42	75.85	76.67	88.7	48.68
EBIT, 5 Yr. CAGR %	41.94	75.3	73.15	88.09	48.67
Earnings From Cont. Operations, 5 Yr. CAGR %	28.66	12.32	52.07	29.07	75.81
Net Income, 5 Yr. CAGR %	28.66	12.32	52.07	29.07	75.81
Normalized Net Income, 5 Yr. CAGR %	32.56	33.93	66.81	48.93	104.95
Diluted EPS Before Extra, 5 Yr. CAGR %	10.21	-2.13	45.43	26.77	73.17
Accounts Receivable, 5 Yr. CAGR %	-	-	-	49.42	16.45
Inventory, 5 Yr. CAGR %	-	-	-	-	9.17
Net Property, Plant and Equip., 5 Yr. CAGR %	33.62	19.92	4.02	-6.6	-6.82
Total Assets, 5 Yr. CAGR %	43.3	28.21	7.72	1.63	3.49
Tangible Book Value, 5 Yr. CAGR %	24.73	29.4	9.83	21.11	18.38
Common Equity, 5 Yr. CAGR %	24.73	29.4	9.83	21.11	18.38
Cash From Operations, 5 Yr. CAGR %	48.74	71.8	74.47	98.85	55.19
Capital Expenditures, 5 Yr. CAGR %	170.3	-12.7	-30.88	-27.24	7.91
Levered Free Cash Flow, 5 Yr. CAGR %	35.55	12.2	1.97	2.12	70.25
Unlevered Free Cash Flow, 5 Yr. CAGR %	37.65	13.63	2.36	2.18	83.07