VANCOUVER, BC — January 12, 2026 — Leads & Copy — Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) has announced annual gold production of 498,315 ounces from its Fruta del Norte gold mine in southeast Ecuador, achieving the Company’s 2025 elevated guidance range of 490,000 to 525,000 oz.
Gold production in the fourth quarter 2025 totalled 119,483 oz, consisting of 78,577 oz of concentrate and 40,906 oz of doré, and gold sales totalled 503,330 oz.
In the fourth quarter of 2025, the mill processed a record 484,950 tonnes of ore resulting in an average throughput rate of 5,271 tonnes per day at an average grade of 8.7 grams per tonne with recoveries of 88.3%.
Jamie Beck, President and CEO, stated that Lundin Gold achieved its revised 2025 production guidance of 490,000 to 525,000 oz with total annual production of 498,315 oz, including 119,483 oz in the fourth quarter, which was supported by record quarterly throughput of 5,271 tonnes per day.
Looking ahead to 2026, the company expects to continue ramping up the mill to an average throughput of 5,500 tonnes per day and is targeting increasing recoveries to 91%, which will support its production guidance of 475,000 to 525,000 oz.
Lundin Gold will publish its year end 2025 results on Thursday, February 19, 2026, after market close in North America. The Company will host a conference call and webcast to discuss its results on Friday, February 20 at 8:00 a.m. PT, 11:00 a.m. ET, 5:00 p.m. CET. Conference call details and a link to the webcast will be published with the year end 2025 results.
The technical information relating to Fruta del Norte contained in this News Release has been reviewed and approved by Terry Smith P. Eng, Lundin Gold’s COO, who is a Qualified Person under National Instrument 43-101.
Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador.
The Company’s board and management team are dedicated to operating Fruta del Norte responsibly. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact. Furthermore, Lundin Gold is focused on continued exploration on its extensive and highly prospective land package to identify and develop new resource opportunities to ensure long-term sustainability and growth for the Company and its stakeholders.
Additional Information: The information in this release is subject to the disclosure requirements of Lundin Gold under the EU Market Abuse Regulation. This information was publicly communicated on January 12, 2026 2:00 p.m. Pacific Time.
Source: Lundin Gold
