Lundin Gold reported gold production of 118,994 ounces for the second quarter of 2026 from its Fruta del Norte mine in Ecuador. The lower output was expected as the company completed scheduled plant maintenance and advanced underground development work.
Despite the quarterly decline, the miner said it remains on track to meet its full-year production guidance, supported by improved access to higher-grade mining areas in the coming months.
Topic Snapshot
- Lundin Gold produced 118,994 ounces of gold in Q2 2026.
- 79,208 ounces were produced as gold concentrate.
- 39,786 ounces were produced as doré.
- Production was lower due to planned maintenance and mine development.
- Fruta del Norte remains one of the world’s highest-grade operating gold mines.
- The company has maintained its 2026 production guidance.
Q2 Gold Production Declines as Planned
Lundin Gold produced a total of 118,994 ounces of gold during the second quarter.
The production breakdown included:
- 79,208 ounces produced as gold concentrate
- 39,786 ounces produced as doré
The result was lower than the 139,433 ounces produced during the same period in 2025.
Maintenance and Mine Development Reduced Output
According to President and CEO Jamie Beck, the second quarter was expected to be the weakest production period of the year.
Production was affected by:
- Nine days of planned plant maintenance
- Development work to improve access to higher-grade stopes
These activities temporarily reduced output but are expected to support stronger production later in the year.
Fruta del Norte Remains a High-Grade Gold Mine
The Fruta del Norte operation in Ecuador continues to rank among the highest-grade operating gold mines globally.
The mine remains the company’s flagship asset and plays a central role in its long-term production strategy.
Full-Year Production Guidance Unchanged
Despite the lower second-quarter performance, Lundin Gold has reaffirmed its production outlook for 2026.
The company continues to expect full-year gold production of:
- 475,000 to 525,000 ounces
Management expects production to improve as mining advances into higher-grade areas following the completion of maintenance activities.
Closing
Lundin Gold’s second-quarter production declined as planned due to scheduled maintenance and ongoing mine development at Fruta del Norte. With these activities now supporting access to higher-grade ore, the company remains confident in achieving its 2026 production guidance of 475,000 to 525,000 ounces of gold.
