Lundin Gold Inc.

TSX:LUG Stock Report

Market Cap: CA$15.4b

Lundin Gold Management

Management criteria checks 4/4

Lundin Gold's CEO is Ron Hochstein, appointed in Dec 2014, has a tenure of 10.58 years. total yearly compensation is $2.25M, comprised of 24.5% salary and 75.5% bonuses, including company stock and options. directly owns 0.37% of the company’s shares, worth CA$57.06M. The average tenure of the management team and the board of directors is 2.8 years and 4.1 years respectively.

Key information

Ron Hochstein

Chief executive officer

US$2.2m

Total compensation

CEO salary percentage24.52%
CEO tenure10.6yrs
CEO ownership0.4%
Management average tenure2.8yrs
Board average tenure4.1yrs

Recent management updates

Here's Why Lundin Gold Inc.'s (TSE:LUG) CEO May Deserve A Raise

May 02
Here's Why Lundin Gold Inc.'s (TSE:LUG) CEO May Deserve A Raise

Recent updates

Here's Why Lundin Gold Inc.'s (TSE:LUG) CEO May Deserve A Raise

May 02
Here's Why Lundin Gold Inc.'s (TSE:LUG) CEO May Deserve A Raise

There's Reason For Concern Over Lundin Gold Inc.'s (TSE:LUG) Massive 33% Price Jump

Apr 17
There's Reason For Concern Over Lundin Gold Inc.'s (TSE:LUG) Massive 33% Price Jump

If EPS Growth Is Important To You, Lundin Gold (TSE:LUG) Presents An Opportunity

Mar 26
If EPS Growth Is Important To You, Lundin Gold (TSE:LUG) Presents An Opportunity

Lundin Gold (TSE:LUG) Is Increasing Its Dividend To $0.43

Feb 27
Lundin Gold (TSE:LUG) Is Increasing Its Dividend To $0.43

Returns On Capital Are A Standout For Lundin Gold (TSE:LUG)

Feb 19
Returns On Capital Are A Standout For Lundin Gold (TSE:LUG)
author-image

Plant Expansion And New Jameson Cells Will Improve Gold Recovery Rates

Exploration and plant upgrades could enhance production efficiency and boost future revenues through higher reserves and improved recovery rates.

Lundin Gold Inc.'s (TSE:LUG) P/E Is Still On The Mark Following 29% Share Price Bounce

Feb 06
Lundin Gold Inc.'s (TSE:LUG) P/E Is Still On The Mark Following 29% Share Price Bounce

Are Investors Undervaluing Lundin Gold Inc. (TSE:LUG) By 47%?

Jan 10
Are Investors Undervaluing Lundin Gold Inc. (TSE:LUG) By 47%?

Is Now The Time To Put Lundin Gold (TSE:LUG) On Your Watchlist?

Dec 10
Is Now The Time To Put Lundin Gold (TSE:LUG) On Your Watchlist?

Shareholders Can Be Confident That Lundin Gold's (TSE:LUG) Earnings Are High Quality

Nov 15
Shareholders Can Be Confident That Lundin Gold's (TSE:LUG) Earnings Are High Quality

Why Investors Shouldn't Be Surprised By Lundin Gold Inc.'s (TSE:LUG) P/E

Nov 07
Why Investors Shouldn't Be Surprised By Lundin Gold Inc.'s (TSE:LUG) P/E

Does Lundin Gold (TSE:LUG) Have A Healthy Balance Sheet?

Sep 23
Does Lundin Gold (TSE:LUG) Have A Healthy Balance Sheet?

A Look At The Fair Value Of Lundin Gold Inc. (TSE:LUG)

Sep 09
A Look At The Fair Value Of Lundin Gold Inc. (TSE:LUG)

Lundin Gold (TSE:LUG) Has Announced That It Will Be Increasing Its Dividend To $0.20

Aug 12
Lundin Gold (TSE:LUG) Has Announced That It Will Be Increasing Its Dividend To $0.20

Lundin Gold Inc. (TSE:LUG) Not Flying Under The Radar

Aug 09
Lundin Gold Inc. (TSE:LUG) Not Flying Under The Radar

CEO Compensation Analysis

How has Ron Hochstein's remuneration changed compared to Lundin Gold's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2025n/an/a

US$538m

Dec 31 2024US$2mUS$550k

US$426m

Sep 30 2024n/an/a

US$308m

Jun 30 2024n/an/a

US$226m

Mar 31 2024n/an/a

US$170m

Dec 31 2023US$2mUS$555k

US$179m

Sep 30 2023n/an/a

US$100m

Jun 30 2023n/an/a

US$109m

Mar 31 2023n/an/a

US$102m

Dec 31 2022US$2mUS$550k

US$74m

Sep 30 2022n/an/a

US$171m

Jun 30 2022n/an/a

US$165m

Mar 31 2022n/an/a

US$159m

Dec 31 2021US$2mUS$535k

US$221m

Sep 30 2021n/an/a

US$191m

Jun 30 2021n/an/a

US$163m

Mar 31 2021n/an/a

US$48m

Dec 31 2020US$3mUS$499k

-US$47m

Sep 30 2020n/an/a

-US$87m

Jun 30 2020n/an/a

-US$154m

Mar 31 2020n/an/a

-US$121m

Dec 31 2019US$2mUS$505k

-US$119m

Sep 30 2019n/an/a

-US$102m

Jun 30 2019n/an/a

-US$55m

Mar 31 2019n/an/a

-US$4m

Dec 31 2018US$1mUS$464k

-US$22m

Compensation vs Market: Ron's total compensation ($USD2.25M) is below average for companies of similar size in the Canadian market ($USD7.49M).

Compensation vs Earnings: Ron's compensation has been consistent with company performance over the past year.

CEO

Ron Hochstein (64 yo)

10.6yrs
Tenure
US$2,245,009
Compensation

Mr. Ronald F. Hochstein, also known as Ron, MBA, P.Eng. B.Sc. (Mineral Process Engineering), is Independent Director of Montage Gold Corp. from February 22, 2024 and serves as its Chairman since June 06, 2...

Leadership Team

NamePositionTenureCompensationOwnership
Ronald Hochstein
President10.6yrsUS$2.25m0.37%
CA$ 57.1m
Chester See
Chief Financial Officerless than a yearUS$1.01m0.063%
CA$ 9.7m
Terrence F. Smith
Chief Operating Officer2.3yrsUS$1.03mno data
Sheila Colman
VP of Legal & Sustainability and Corporate Secretary10.4yrsUS$754.24k0.015%
CA$ 2.4m
Andre Oliveira
Vice President of Exploration3.3yrsUS$632.69kno data
Brendan Creaney
Vice President of Corporate Development & Investor Relationsless than a yearno datano data
2.8yrs
Average Tenure
57yo
Average Age

Experienced Management: LUG's management team is considered experienced (2.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Ronald Hochstein
President21.1yrsUS$2.25m0.37%
CA$ 57.1m
Charles Ashley Heppenstall
Independent Lead Director10.2yrsUS$205.35k0.23%
CA$ 35.8m
Ian Gibbs
Independent Director20.5yrsUS$204.02k0.069%
CA$ 10.6m
Carmel Daniele
Independent Director10.5yrsUS$168.95k0.011%
CA$ 1.7m
Angelina Mehta
Independent Director2.2yrsUS$178.16kno data
Gillian Davidson
Independent Director4.1yrsUS$181.60k0.0036%
CA$ 559.4k
Jack O. Lundin
Independent Chairman3.2yrsUS$226.47k0.064%
CA$ 9.8m
Scott Langley
Director1.7yrsno datano data
Melissa Harmon
Director1.7yrsno datano data
4.1yrs
Average Tenure
54yo
Average Age

Experienced Board: LUG's board of directors are considered experienced (4.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/29 04:13
End of Day Share Price 2025/07/29 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Lundin Gold Inc. is covered by 31 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian QuastBMO Capital Markets Equity Research
Carey MacRuryCanaccord Genuity
Anita SoniCIBC Capital Markets