05:25 PM EDT, 04/10/2025 (MT Newswires) -- Lundin Gold ( LUGDF ) , which closed at a 52-week high on Thursday, after market close reported first-quarter gold production from its Fruta del Norte gold mine in Ecuador rose 5.2% to 117,313 ounces.

Of the total quarterly gold production, it said 75,494 oz were produced as concentrate and 41,819 oz as dore. During the same quarter in 2024, the company produced 111,572 oz of gold.

Lundin Gold ( LUGDF ) added the mill processed 398,159 tonnes of ore resulting in an average throughput rate of 4,424 tonnes per day at an average grade of 10.4 grams per tonne with recoveries of 88.5%.

"2025 is off to a strong start, marked by the successful completion of our Plant Expansion Project this quarter. Capitalizing on the downtime associated with the new equipment tie-ins, we proactively completed the relining of the SAG mill, as well as other maintenance that was originally scheduled in the second quarter, positioning us well for the remainder of the year. As a result of strategic mine resequencing and positive grade reconciliation, we have seen a higher mill head grade, which we now expect to continue through the first half of the year before moderating in the second half," chief executive Ron Hochstein said.

Lundin shares rose $2.16 to $48.01 on the Toronto Stock Exchange.