Lundin Gold Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	630.18	349.2	268.03	363.4	262.61
Cash & Short-Term Investments	630.18	349.2	268.03	363.4	262.61
Cash Growth	80.46%	30.29%	-26.25%	38.38%	229.94%
Accounts Receivable	199.23	155.95	93.04	86.43	96.47
Other Receivables	42.53	58.03	23.41	61.88	51.84
Receivables	241.76	213.98	116.45	148.31	148.31
Inventory	92.88	88.21	89.41	89.79	84.95
Prepaid Expenses	18.34	19.58	47.01	20.82	19.37
Other Current Assets	-	3.49	13	13	13
Total Current Assets	983.16	674.46	533.89	635.32	528.24
Property, Plant & Equipment	774.77	828.74	878.92	964.81	1,042
Long-Term Deferred Tax Assets	10.64	-	-	-	31.11
Other Long-Term Assets	18.59	24.29	55.4	68.74	83.55
Total Assets	1,787	1,527	1,468	1,669	1,685
Accounts Payable	15.2	18.26	16.75	14.26	13.58
Accrued Expenses	144.47	91.69	58.07	57.18	54.39
Current Portion of Long-Term Debt	-	-	63.72	345.37	188.2
Current Income Taxes Payable	204.5	96.84	48.49	21.45	54.85
Other Current Liabilities	24.34	8.73	-	2.26	-
Total Current Liabilities	388.51	215.52	187.03	440.52	311.02
Long-Term Debt	-	-	241.93	322.59	551.78
Long-Term Deferred Tax Liabilities	-	84.34	74.72	46.63	-
Other Long-Term Liabilities	34.52	11.32	8.72	7.05	7.84
Total Liabilities	423.03	311.18	512.4	816.78	870.64
Common Stock	1,057	1,035	1,009	989.77	974.74
Retained Earnings	340.94	212.59	-69.62	-154.16	-180.68
Comprehensive Income & Other	-34.04	-31.69	16.49	16.47	20.42
Shareholders' Equity	1,364	1,216	955.81	852.08	814.48
Total Liabilities & Equity	1,787	1,527	1,468	1,669	1,685
Total Debt	-	-	305.65	667.97	739.98
Net Cash (Debt)	630.18	349.2	-37.62	-304.57	-477.37
Net Cash Growth	80.46%	-	-	-	-
Net Cash Per Share	2.60	1.45	-0.16	-1.29	-2.04
Filing Date Shares Outstanding	241.72	240.44	238.15	236	233.44
Total Common Shares Outstanding	241.43	240.19	237.86	235.65	233.36
Working Capital	594.65	458.94	346.86	194.8	217.22
Book Value Per Share	5.65	5.06	4.02	3.62	3.49
Tangible Book Value	1,364	1,216	955.81	852.08	814.48
Tangible Book Value Per Share	5.65	5.06	4.02	3.62	3.49
Machinery	83.92	77.78	76.57	82.93	81.63
Construction In Progress	39.11	39.24	7.01	-	27.54

Source: S&P Global Market Intelligence. Standard template. Financial Sources.