07:07 AM EST, 02/27/2026 (MT Newswires) -- Lundin Gold ( LUGDF ) overnight Thursday said the Toronto Stock Exchange (TSX) accepted the company's notice of intention to renew its normal course issuer bid (NCIB).

The company may buy back for cancellation up to 12.1-million common shares, about 5% of the 241.7-million issued and outstanding common shares as of Feb. 24. It said purchases can be made at prevailing market prices during a 12-month period starting on March 3, 2026, and ending on the earlier of March 2, 2027, and the date on which the company reaches the maximum purchases permitted under the bid.

The NCIB will be funded using the company's existing cash resources.

Lundin Gold's ( LUGDF ) most recent normal course issuer bid started on Feb. 25, 2025, for the buy-back of up to 12-million common shares and expired on Feb. 24, 2026. The company said it did not buy back any common shares during the 2025 bid.

Shares of the company closed up 2% to $4.59 on Thursday on the TSX.