Lundin Gold declares highest quarterly dividend from record $349m free cash flow

From miningweekly.com

Canadian miner Lundin Gold has generated record free cash flow of $349-million and net income of $273-million in the quarter ended March 31, marking a strong start to its financial year. The company’s earnings were supported by consistent operating and cost performance at the Fruta del Norte mine, in Ecuador, as well as record realised gold prices. Lundin produced 119 742 oz in the quarter, with gold sales of 115 308 oz having been made at an average realised price of $4 951/oz – for total revenue of $567-million. About 79 451 oz of the quarterly output comprised concentrate and 40 291 oz comprised doré. Cash ... (full story)