Production and Cost Performance Meets Upgraded Guidance

VANCOUVER, BC, Feb. 22, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG); (Nasdaq Stockholm: LUG); (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to report results for the fourth quarter and year ended December 31, 2023. Lundin Gold's year is highlighted by its production of 481,274 oz of gold at an all-in sustaining cost ("AISC")¹ of $860 per oz sold, meeting upwardly revised production guidance of 450,000 to 485,000 oz and AISC¹ guidance of $820 to $870 per oz sold. Cash from operating activities of $519 million was generated for the year resulting in free cash flow¹ of $263 million which is net of a one-time interest and finance charge payment of $129 million from the full repayment of the gold prepay facility (the "Gold Prepay Facility"). All amounts are in U.S. dollars unless otherwise indicated. PDF Version