Lundin Gold reports Q2 revenue of $567.38M, missing expectations by $9.92M, while maintaining full-year production guidance.
Lundin Gold reported a GAAP EPS of $1.13 and revenue of $567.38M for the quarter, falling short of estimates by $9.92M. The company attributed the miss to operational timing but reaffirmed its production guidance for the year.
Analysts had anticipated revenue closer to $577.3M, based on prior quarter performance and industry trends. The company’s gold production remained steady, aligning with its 2024 targets despite the revenue shortfall.
Shares showed limited movement in after-hours trading as investors focused on the maintained production outlook rather than the revenue miss.