Cash flow Lundin Gold Inc.

Equities

LUG

CA5503711080

Gold

Market Closed - Toronto S.E. Other stock markets 02:30:00 14/02/2026 am IST			5-day change	1st Jan Change
109.59 ^CAD	+8.07%		+1.63%	-3.89%

13/02	Diary - Canada corporate earnings week ahead	RE
13/02	Lundin Gold Announced "Positive" Results From Ecuador	MT

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Published financial data: LUNDIN GOLD INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	36Cr	73Cr	82Cr	90Cr	119.3Cr
Total Revenues	36Cr	73Cr	82Cr	90Cr	119.3Cr
Cost of Goods Sold, Total	14Cr	27Cr	32Cr	33Cr	35Cr
Gross Profit	22Cr	46Cr	50Cr	57Cr	84Cr
Selling General & Admin Expenses, Total	1.78Cr	1.58Cr	1.94Cr	2.1Cr	3.26Cr
Exploration / Drilling Costs, Total	28.05L	90.65L	1.54Cr	2.37Cr	4.12Cr
Depreciation & Amortization - (IS)	5.29Cr	11Cr	13Cr	14Cr	14Cr
Other Operating Expenses	48T	97.05L	-	-	-
Other Operating Expenses, Total	7.35Cr	14Cr	17Cr	18Cr	21Cr
Operating Income	15Cr	32Cr	33Cr	39Cr	63Cr
Interest Expense, Total	-3.76Cr	-3.86Cr	-3.78Cr	-2.87Cr	-55.52L
Interest And Investment Income	4L	4L	50.88L	1.3Cr	1.63Cr
Net Interest Expenses	-3.72Cr	-3.82Cr	-3.27Cr	-1.58Cr	1.07Cr
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-15Cr	-2.58Cr	-12Cr	-8.96Cr	23Cr
EBT, Excl. Unusual Items	-3.54Cr	26Cr	18Cr	29Cr	87Cr
Legal Settlements	-	-	-	-	-
Other Unusual Items	-2.49Cr	-	-	-	-24Cr
EBT, Incl. Unusual Items	-6.04Cr	26Cr	18Cr	29Cr	63Cr
Income Tax Expense	-1.32Cr	3.57Cr	10Cr	11Cr	21Cr
Earnings From Continuing Operations	-4.72Cr	22Cr	7.36Cr	18Cr	43Cr
Net Income to Company	-4.72Cr	22Cr	7.36Cr	18Cr	43Cr
Net Income - (IS)	-4.72Cr	22Cr	7.36Cr	18Cr	43Cr
Net Income to Common Incl Extra Items	-4.72Cr	22Cr	7.36Cr	18Cr	43Cr
Net Income to Common Excl. Extra Items	-4.72Cr	22Cr	7.36Cr	18Cr	43Cr
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	23Cr	23Cr	23Cr	24Cr	24Cr
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	23Cr	23Cr	24Cr	24Cr	24Cr
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	20Cr	43Cr	47Cr	53Cr	77Cr
EBITA	15Cr	32Cr	34Cr	39Cr	63Cr
EBIT	15Cr	32Cr	33Cr	39Cr	63Cr
Effective Tax Rate - (Ratio)	21.89	13.88	58.51	37.04	32.81
Total Current Taxes	-	5.97Cr	2.67Cr	7.69Cr	19Cr
Deferred Domestic Taxes	-1.32Cr	-	-	-	-
Total Deferred Taxes	-1.32Cr	-2.4Cr	7.7Cr	2.86Cr	1.6Cr
Normalized Net Income	-2.21Cr	16Cr	11Cr	18Cr	54Cr
Interest on Long-Term Debt	4.25Cr	5.13Cr	24Cr	8.53Cr	3.1Cr
Supplemental Operating Expense Items
General and Administrative Expenses	1.78Cr	1.58Cr	1.94Cr	2.1Cr	3.26Cr
Exploration/Drilling Costs	28.05L	90.65L	1.54Cr	2.37Cr	4.12Cr
Maintenance & Repair Expenses, Total	43.64L	-	-	-	-
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Compensation - Exploration Costs / Drilling Costs, Total	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	40.61L	30.38L	50.08L	44.68L	1.57Cr
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	40.61L	30.38L	50.08L	44.68L	1.57Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	7.96Cr	26Cr	36Cr	27Cr	35Cr
Total Cash And Short Term Investments	7.96Cr	26Cr	36Cr	27Cr	35Cr
Accounts Receivable, Total	9.3Cr	9.65Cr	8.64Cr	9.3Cr	16Cr
Other Receivables	1.67Cr	5.18Cr	6.19Cr	2.34Cr	5.8Cr
Total Receivables	11Cr	15Cr	15Cr	12Cr	21Cr
Inventory	5.99Cr	8.49Cr	8.98Cr	8.94Cr	8.82Cr
Prepaid Expenses	2.31Cr	1.94Cr	2.08Cr	4.7Cr	1.96Cr
Other Current Assets, Total	1.67Cr	1.3Cr	1.3Cr	1.3Cr	34.94L
Total Current Assets	29Cr	53Cr	64Cr	53Cr	67Cr
Gross Property Plant And Equipment	116.28Cr	119.04Cr	121.36Cr	123.04Cr	128.95Cr
Accumulated Depreciation	-5.95Cr	-15Cr	-25Cr	-35Cr	-46Cr
Net Property Plant And Equipment	110.32Cr	104.22Cr	96Cr	88Cr	83Cr
Deferred Tax Assets Long-Term	-	3.11Cr	-	-	-
Other Long-Term Assets, Total	11Cr	8.35Cr	6.87Cr	5.54Cr	2.43Cr
Total Assets	150.54Cr	168.51Cr	166.89Cr	146.82Cr	152.75Cr
Liabilities
Accounts Payable, Total	1.42Cr	1.36Cr	1.43Cr	1.68Cr	1.83Cr
Accrued Expenses, Total	3.96Cr	5.44Cr	5.72Cr	5.81Cr	9.17Cr
Current Portion of Long-Term Debt	18Cr	19Cr	35Cr	6.37Cr	-
Current Income Taxes Payable	-	5.48Cr	2.14Cr	4.85Cr	9.68Cr
Other Current Liabilities	-	-	22.64L	-	87.25L
Total Current Liabilities	23Cr	31Cr	44Cr	19Cr	22Cr
Long-Term Debt	68Cr	55Cr	32Cr	24Cr	-
Deferred Tax Liability Non Current	-	-	4.66Cr	7.47Cr	8.43Cr
Other Non Current Liabilities	75.87L	78.44L	70.49L	87.22L	1.13Cr
Total Liabilities	92Cr	87Cr	82Cr	51Cr	31Cr
Common Stock, Total	95Cr	97Cr	99Cr	100.89Cr	103.54Cr
Retained Earnings	-40Cr	-18Cr	-15Cr	-6.96Cr	21Cr
Comprehensive Income and Other	3.72Cr	2.04Cr	1.65Cr	1.65Cr	-3.17Cr
Total Common Equity	59Cr	81Cr	85Cr	96Cr	121.63Cr
Total Equity	59Cr	81Cr	85Cr	96Cr	121.63Cr
Total Liabilities And Equity	150.54Cr	168.51Cr	166.89Cr	146.82Cr	152.75Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	23Cr	23Cr	24Cr	24Cr	24Cr
ECS Total Common Shares Outstanding	23Cr	23Cr	24Cr	24Cr	24Cr
Book Value / Share	2.55	3.49	3.62	4.02	5.06
Tangible Book Value	59Cr	81Cr	85Cr	96Cr	121.63Cr
Tangible Book Value Per Share	2.55	3.49	3.62	4.02	5.06
Total Debt	86Cr	74Cr	67Cr	31Cr	0
Net Debt	78Cr	48Cr	30Cr	3.76Cr	-35Cr
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	4.28Cr	7.07Cr	6.72Cr	6.37Cr	6.1Cr
Inventories - Work In Process, Total	33.2L	30.57L	58.33L	78.49L	85.46L
Inventories - Others	1.38Cr	1.12Cr	1.67Cr	1.79Cr	1.87Cr
Land - (BS)	-	-	-	-	-
Machinery, Total	7.95Cr	8.16Cr	8.29Cr	7.66Cr	7.78Cr
Full Time Employees	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-4.72Cr	22Cr	7.36Cr	18Cr	43Cr
Depreciation & Amortization - CF	5.29Cr	11Cr	13Cr	14Cr	14Cr
Amortization of Goodwill and Intangible Assets - (CF)	39T	1L	6L	7L	8L
Depreciation & Amortization, Total	5.29Cr	11Cr	13Cr	14Cr	14Cr
Amortization of Deferred Charges, Total - (CF)	36.9L	44.05L	77.83L	1.1Cr	18.59L
Asset Writedown & Restructuring Costs	24.89L	-	-	-	-
Stock-Based Compensation (CF)	40.61L	30.38L	50.08L	44.68L	1.57Cr
Other Operating Activities, Total	17Cr	3.07Cr	23Cr	14Cr	2.2Cr
Change In Accounts Receivable	-11Cr	-1.46Cr	26.3L	93.91L	-3.21Cr
Change In Inventories	-1.12Cr	-1.89Cr	-72.53L	1L	24.19L
Change In Accounts Payable	4.46Cr	1.74Cr	34.39L	24.36L	2.8Cr
Change In Income Taxes	-	5.48Cr	-3.34Cr	2.7Cr	4.84Cr
Change in Other Net Operating Assets	87.62L	1.2Cr	1.3Cr	1.2Cr	1.3Cr
Cash from Operations	11Cr	42Cr	43Cr	52Cr	66Cr
Capital Expenditure	-5.88Cr	-5.7Cr	-5.4Cr	-4.82Cr	-8.24Cr
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Other Investing Activities, Total	-2.09Cr	-61.18L	-60.48L	-52.48L	-1.11Cr
Cash from Investing	-7.96Cr	-6.31Cr	-6.01Cr	-5.35Cr	-9.35Cr
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-3.54Cr	-10Cr	-13Cr	-28Cr	-10Cr
Total Debt Repaid	-3.54Cr	-10Cr	-13Cr	-28Cr	-10Cr
Issuance of Common Stock	4.99Cr	1.86Cr	1.13Cr	1.42Cr	2.21Cr
Common Dividends Paid	-	-	-4.7Cr	-9.49Cr	-14Cr
Common & Preferred Stock Dividends Paid	-	-	-4.7Cr	-9.49Cr	-14Cr
Other Financing Activities, Total	-4.23Cr	-8.63Cr	-9.66Cr	-20Cr	-26Cr
Cash from Financing	-2.78Cr	-17Cr	-26Cr	-56Cr	-49Cr
Foreign Exchange Rate Adjustments	-23.21L	-2L	-11.86L	-57T	-2L
Net Change in Cash	39.08L	18Cr	10Cr	-9.54Cr	8.12Cr
Supplemental Items
Cash Interest Paid	4.23Cr	8.52Cr	2.79Cr	1.98Cr	36.88L
Cash Income Tax Paid (Refund)	-	-	5.44Cr	4.6Cr	14Cr
Levered Free Cash Flow	-7.04Cr	25Cr	24Cr	36Cr	50Cr
Unlevered Free Cash Flow	-5.05Cr	27Cr	26Cr	37Cr	50Cr
Change In Net Working Capital	14Cr	-1.28Cr	3.4Cr	-3.42Cr	-3.28Cr
Net Debt Issued / Repaid	-3.54Cr	-10Cr	-13Cr	-28Cr	-10Cr

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