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Lundin Gold Reports Higher Adjusted Earnings YoY

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Lundin Gold (LUG.TO) reported second-quarter adjusted earnings of $201.9 million, or $0.84 per share, up from $196.7 million, or $0.82 per share.

Analysts polled by FactSet expected $0.87.

Revenues were $477.7 million, up from $452.9 million.

Analysts expected $479.4 million.

Gold production was 118,994 ounces, down from 139,433 ounces.

The company declared cash dividends totaling $1.08 per share, composed of a $0.30 per share fixed dividend and a $0.78 per share variable dividend. The dividends are payable Sept. 25 to shareholders of record on Sept. 10.

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