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The operation benefitted from a mined grade of 10.1 grams per tonne gold during the most recent quarter, above the mine's average reserve average of 9.67g/t, which helped push output to 191,080oz since the operation restarted on July 1, 2020.
Lundin declared commercial production on March 1 last year and despite the impacts of the pandemic 2020 production tallied 242,400oz.
For 2021, Lundin guided in December it was looking for 380,000-420,000oz at all-in sustaining costs of US$770-$830/oz.
The company is already moving ahead with a throughput expansion, funded from cash flows, to take throughput from 3,500t/d to 4,200t/d.
Lundin expects to release its 2020 financial results on February 24.
Shares in the company (TSX:LUG) have come off their recent high at C$13.49 to trade at $10.68, which capitalizes Lundin at $2.5 billion (US$2 billion).
