05:28 PM EST, 01/12/2026 (MT Newswires) -- Lundin Gold ( LUGDF ) after trade Monday said it produced 498,315 ounces of gold in 2025 at its Fruta del Norte mine in Ecuador, meeting its full-year guidance range of 490,000 to 525,000 ounces.

This compares to production of 502,029 ounces of gold in 2024, the company said, adding that gold sales for the year reached 503,330 ounces, up from 495,374 ounces a year prior.

Fourth-quarter production totaled 119,483 ounces, down from 135,241 ounces a year ago.

During the quarter, the mine processed a record 484,950 tonnes of ore, with an average throughput of 5,271 tonnes per day, an average grade of 8.7 grams per tonne, and 88.3% recoveries, the company said.

"Looking ahead to 2026, we expect to continue ramping up the mill to an average throughput of 5,500 tonnes per day and are targeting increasing recoveries to 91%, which will support our production guidance of 475,000 to 525,000 oz," Chief Executive Jamie Beck said.

The company is set to release its 2025 results on Feb. 19 after market close in North America, according to the statement.

Lundin Gold ( LUGDF ) shares closed up $1.40 to $117.98 on the Toronto Stock Exchange.