Lundin Gold Inc.

LUG.TOTSXBasic Materials● Active

$78.60

+$0.59(+0.76%)

Market Cap$19.0B

P/E Ratio—

52W High$130.98

52W Low$62.55

Avg Volume640K

Open$78.40

Beta1.41

Free Cash Flow Financials Revenue

Lundin Gold Inc. (LUG.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

LUG.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

LUG.TO · FCF · TTM · margin & CAGR

Free cash flow was $964.6M for FY2025 (fiscal year ending 2025-12-31), up 66.3% year-over-year The FCF margin was 53.2%. Five-year CAGR stands at +77.4%.

FY2025 Free Cash Flow$964.6M▲ +66.3% YoY

Trailing 12M (TTM)$1.12Btrailing 4 quarters sum

FCF Margin53.2%$964.6M ÷ revenue

3-Year CAGR+37.4%FY2022 → FY2025

5-Year CAGR+77.4%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

LUG.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.05B(87M)$964.6M▲ +66.3%53.2%

FY2024$662.4M(82M)$580.0M▲ +23.1%48.6%

FY2023$519.4M(48M)$471.2M▲ +26.6%52.2%

FY2022$426.1M(54M)$372.1M▲ +3.2%45.6%

FY2021$417.8M(57M)$360.8M▲ +557.4%49.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

LUG.TO · P/FCF · FCF yield · FCF per share

Lundin Gold Inc. (LUG.TO) trades at a FCF yield of 8.26% and a price-to-free-cash-flow ratio of 16.9x. FCF per share stands at $4.64, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

8.26%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$4.64

TTM FCF ÷ Shares Outstanding

Price / FCF

x16.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x11.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

LUG.TO · cash flow statement · operating / investing / financing

For FY2025, Lundin Gold Inc. generated $1.05B in operating cash flow and spent 87M in capital expenditures, yielding $964.6M in free cash flow.

Operating Activities

+$1.05B

Cash from core business operations

2025-12-31

Investing Activities

−$98.9M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$667.3M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.05B) − |CapEx| (87M) = FCF ($964.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Basic Materials)

LUG.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Lundin Gold Inc.YOU

LUG.TO

$964.6M+66.3%53.2%

10%

Southern Copper Corporation

Basic Materials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Lundin Gold Inc. (LUG.TO) reported free cash flow of $964.6M for FY2025 (fiscal year ending 2025-12-31), up 66.3% year-over-year. The FCF margin was 53.2%.

Based on available data, Lundin Gold Inc. has maintained positive free cash flow for at least 6 fiscal year(s). FCF peaked at $964.6M in FY2025. The 5-year CAGR stands at +77.4%.

Lundin Gold Inc.'s FCF yield is 8.26% and price-to-FCF ratio is 16.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

LUG.TO free cash flow · 8 questions

Lundin Gold Inc. free cash flow was $964.6M for FY2025, up 66.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.12B.

LUG.TO free cash flowLUG.TO FCFLUG.TO FCF 2025LUG.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Lundin Gold Inc. · Lundin Gold Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026