VANCOUVER, BC, June 9, 2023
/CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG)
(OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased
to announce that Ron Hochstein,
President and CEO, will be presenting at a Town Hall meeting at
Westmanska Palatset (Holländargatan 17 in Stockholm, Sweden - room "Adlersparre") on
Monday, June 12, 2023 at 18:00 CET. View PDF version.
To attend the event please RSVP to reriksson@rive6.ch.
Lundin Gold announced its first
quarter of 2023 results on May 10,
2023, with key highlights including record quarterly
production of 140,021 ounces ("oz") of gold and all-in sustaining
cost ("AISC")[1] of $728 per oz sold. This robust
performance at the start of the year puts the Company in a strong
position to meet its production guidance of 425,000 to 475,000 oz
and AISC1 guidance
of $820 to $870 per oz sold. During his
presentation, Mr. Hochstein will review the Q1 2023 results,
discuss the Company's exciting exploration programs that are now
well underway and generating exciting results, and talk about
Lundin Gold's recently announced
target to be net carbon neutral by 2030.
About Lundin Gold
Lundin Gold, headquartered in
Vancouver, Canada, owns the Fruta
del Norte gold mine in southeast Ecuador. Fruta del Norte is among the
highest-grade operating gold mines in the world.
The Company's board and management team have extensive expertise
in mine operations and are dedicated to operating Fruta del Norte
responsibly. The Company operates with transparency and in
accordance with international best practices. Lundin Gold is committed to delivering value to
its shareholders, while simultaneously providing economic and
social benefits to impacted communities, fostering a healthy and
safe workplace and minimizing the environmental impact. The Company
believes that the value created through the development of Fruta
del Norte will benefit its shareholders, the Government and the
citizens of Ecuador.
Additional Information
This information was publicly communicated on June 9, 2023 at 11:30 a.m.
Pacific Time through the contact persons set out below.
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1Certain
additional disclosures for these specified financial measures have
been incorporated by reference and can be found on page 13 of the
Company's MD&A for the three months ended March 31, 2023
available on SEDAR.
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Caution Regarding Forward-Looking
Information and Statements
Certain of the information and statements in this press release
are considered "forward-looking information" or "forward-looking
statements" as those terms are defined under Canadian securities
laws (collectively referred to as "forward-looking statements").
Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always,
identified by words or phrases such as "believes", "anticipates",
"expects", "is expected", "scheduled", "estimates", "pending",
"intends", "plans", "forecasts", "targets", or "hopes", or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "will",
"should" "might", "will be taken", or "occur" and similar
expressions) are not statements of historical fact and may be
forward-looking statements. By their nature, forward-looking
statements and information involve assumptions, inherent risks and
uncertainties, many of which are difficult to predict, and are
usually beyond the control of management, that could cause actual
results to be materially different from those expressed by these
forward-looking statements and information. Lundin
Gold believes that the expectations reflected in this
forward-looking information are reasonable, but no assurance can be
given that these expectations will prove to be correct.
Forward-looking information should not be unduly relied upon. This
information speaks only as of the date of this press release, and
the Company will not necessarily update this information, unless
required to do so by securities laws.
This press release contains forward-looking information in a
number of places, such as in statements relating to the Company's
2023 outlook and guidance, its emissions reduction target and
exploration activities and results. There can be no assurance that
such statements will prove to be accurate, as Lundin
Gold's actual results and future events could differ
materially from those anticipated in this forward-looking
information as a result of the factors discussed in the "Risk
Factors" section in Lundin Gold's Annual Information Form
dated March 31, 2023, which is
available at www.lundingold.com or on SEDAR.
Lundin Gold's actual results
could differ materially from those anticipated. Factors that could
cause actual results to differ materially from any forward-looking
statement or that could have a material impact on the Company or
the trading price of its shares include: risks related to
political and economic instability in Ecuador; risks
associated with the Company's community relationships; risks
related to estimates of production, cash flows and costs; risks
inherent to mining operations; shortages of critical supplies; the
cost of non-compliance and compliance costs; control of the
Company's largest shareholders; volatility in the price of gold;
failure of the Company to maintain its obligations under its debt
facilities; risks related to Lundin
Gold's compliance with environmental laws and liability for
environmental contamination; the lack of availability of
infrastructure; the Company's reliance on one mine; security risks
to the Company, its assets and its personnel; risks related to
illegal mining; exploration and development risks; the impacts of a
pandemic virus outbreak; risks related to the Company's ability to
obtain, maintain or renew regulatory approvals, permits and
licenses; uncertainty with and changes to the tax regime in
Ecuador; the reliance of the
Company on its information systems and the risk of cyber-attacks on
those systems; the imprecision of Mineral Reserve and Resource
estimates; deficient or vulnerable title to concessions, easements
and surface rights; inherent safety hazards and risk to the health
and safety of the Company's employees and contractors; risks
related to the Company's workforce and its labour relations; key
talent recruitment and retention of key personnel; volatility in
the market price of the Company's shares; measures to protect
endangered species and critical habitats; social media and
reputation; the adequacy of the Company's insurance; risks relating
to the declaration of dividends; uncertainty as to reclamation and
decommissioning; the ability of Lundin
Gold to ensure compliance with anti-bribery and
anti-corruption laws; the uncertainty regarding risks posed by
climate change; limits of disclosure and internal controls; the
potential for litigation; and risks due to conflicts of
interest.
SOURCE Lundin Gold Inc.