Edition:
India

Lundin Mining Corp (LUN.TO)

LUN.TO on Toronto Stock Exchange

7.64CAD
13 Dec 2019
Change (% chg)

$-0.09 (-1.16%)
Prev Close
$7.73
Open
$7.74
Day's High
$7.91
Day's Low
$7.58
Volume
1,664,148
Avg. Vol
2,146,226
52-wk High
$7.96
52-wk Low
$5.30

Latest Key Developments (Source: Significant Developments)

Lundin Mining Corp Says Copper Production Is Forecast To Increase Over 20% In 2020, Compared To 2019
Wednesday, 27 Nov 2019 

Nov 26 (Reuters) - Lundin Mining Corp ::LUNDIN MINING CORP - COPPER PRODUCTION IS FORECAST TO INCREASE OVER 20% IN 2020, COMPARED TO 2019.LUNDIN MINING CORP - ZINC PRODUCTION IS FORECAST TO INCREASE OVER 15% IN 2020, COMPARED TO 2019.LUNDIN MINING CORP - NICKEL PRODUCTION IS FORECAST TO INCREASE OVER 25% IN 2020, COMPARED TO 2019.LUNDIN MINING - EXPLORATION EXPENDITURES ARE PLANNED TO BE $65 MILLION IN 2020.LUNDIN MINING CORP - CAPITAL EXPENDITURES IN 2020 ARE FORECAST TO BE $620 MILLION ON A 100% BASIS.LUNDIN MINING CORP - INTENDS TO RENEW ITS NORMAL-COURSE ISSUER BID TO PURCHASE UP TO 63.8 MILLION COMMON SHARES ON TORONTO STOCK EXCHANGE.LUNDIN MINING - A 33% INCREASE IN QUARTERLY DIVIDEND TO C$0.04 PER SHARE IS ANTICIPATED TO BE DECLARED WITH RELEASE OF 2019 RESULTS IN FEB.  Full Article

Lundin Mining Announces Declaration Of Dividend Of C$0.03 Per Share
Thursday, 24 Oct 2019 

Oct 23 (Reuters) - Lundin Mining Corp ::LUNDIN MINING ANNOUNCES DECLARATION OF DIVIDEND.LUNDIN MINING- BOARD HAS DECLARED DIVIDEND OF C$0.03 PER SHARE, PAYABLE ON DEC 18, 2019, TO SHAREHOLDERS OF RECORD AT CLOSE OF BUSINESS ON DEC 6, 2019.  Full Article

Lundin Mining Reports Q3 Earnings Per Share Of $0.04
Thursday, 24 Oct 2019 

Oct 23 (Reuters) - Lundin Mining Corp ::LUNDIN MINING THIRD QUARTER RESULTS.Q3 EARNINGS PER SHARE $0.04.Q3 EARNINGS PER SHARE ESTIMATE $0.07 -- REFINITIV IBES DATA.QTRLY REVENUE $538.7 MILLION VERSUS $379.7 MILLION.FOR 2019, EXPLORATION EXPENDITURES ARE EXPECTED TO BE $60 MILLION, $10 MILLION LOWER THAN PREVIOUSLY GUIDED.SEES 2019 COPPER PRODUCTION OF 227,000 TONNES - 245,000 TONNES.SEES 2019 ZINC PRODUCTION OF 149,000 TONNES - 157,000 TONNES.REMAIN ON TRACK TO DELIVER IMPROVED PRODUCTION AND COST GUIDANCE FOR THE YEAR.SITUATION IN CHILE CONTINUES TO EVOLVE AND FURTHER NEGATIVE DEVELOPMENTS COULD MATERIALLY IMPACT OPERATIONS OF CANDELARIA.Q3 REVENUE VIEW $533.6 MILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $0.22, REVENUE VIEW $1.88 BILLION -- REFINITIV IBES DATA.  Full Article

Lundin Mining Reports Qtrly Diluted Net Loss Per Share $0.01
Thursday, 25 Jul 2019 

July 24 (Reuters) - Lundin Mining Corp ::QTRLY REVENUE $ 369.3 MILLION VERSUS $467.7 MILLION.QTRLY DILUTED NET LOSS PER SHARE $0.01.LUNDIN MINING - SEES 2019 TOTAL CAPEX, EXCLUDING CAPITALIZED INTEREST, TO BE $695 MILLION, $50 MILLION LOWER THAN PREVIOUSLY DISCLOSED.Q2 EARNINGS PER SHARE VIEW $0.05, REVENUE VIEW $425.6 MILLION -- REFINITIV IBES DATA.LUNDIN MINING- CASH AND CASH EQUIVALENTS OF $735.1 MILLION FOR QUARTER ENDED JUNE 30 REMAINED RELATIVELY UNCHANGED FROM $734.7 MILLION REPORTED IN Q1 2019.QTRLY COPPER PRODUCTION 47,685 TONNES VERSUS 51,098 TONNES.LUNDIN MINING - QTRLY ZINC PRODUCTION 37,116 TONNES VERSUS 37,075 TONNES.QTRLY NICKEL PRODUCTION 3,398 TONNES VERSUS 4,234 TONNES.2019 PRODUCTION GUIDANCE UPDATED FOR COPPER PRODUCTION AT NEVES-CORVO MINE TO 38,000 - 42,000 TONNES.2019 PRODUCTION GUIDANCE UPDATED FOR NICKEL PRODUCTION AT EAGLE MINE TO 12,000 - 14,000 TONNES.  Full Article

Freeport-Mcmoran Announces Agreement To Sell Portion Of Cobalt Business
Friday, 24 May 2019 

May 23 (Reuters) - Freeport-McMoRan Inc ::FREEPORT-MCMORAN ANNOUNCES AGREEMENT TO SELL PORTION OF COBALT BUSINESS.FREEPORT-MCMORAN INC - DEAL FOR $150 MILLION, PLUS WORKING CAPITAL AT TIME OF CLOSE..FREEPORT-MCMORAN INC - FCX WILL SEPARATE ITS COBALT BUSINESS PRIOR TO COMPLETING TRANSACTION.FREEPORT-MCMORAN INC - FCX EXPECTS TO RECORD A GAIN ON TRANSACTION..FREEPORT-MCMORAN - UMICORE WILL ACQUIRE REFINERY AND CATHODE PRECURSOR BUSINESS, WHICH REPRESENTS ABOUT 60 PERCENT OF REFINERY'S HISTORICAL REVENUES.FREEPORT-MCMORAN INC - Q1 2019 EARNINGS AND CASH FLOW CONTRIBUTION FROM ASSETS BEING SOLD WAS INSIGNIFICANT TO FCX.  Full Article

Lundin Mining Announces Early Redemption Of Senior Secured 2022 Notes
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Lundin Mining Corp ::LUNDIN MINING ANNOUNCES EARLY REDEMPTION OF SENIOR SECURED 2022 NOTES AND AMENDMENT TO INCREASE AND EXTEND CREDIT FACILITY AGREEMENT.HAS ISSUED A NOTICE TO REDEEM ALL OF ITS 7.875% SENIOR SECURED NOTES DUE 2022 ( "NOTES") ON NOVEMBER 21, 2018.THERE IS $439.2 MILLION PRINCIPAL AMOUNT OF NOTES CURRENTLY OUTSTANDING.LUNDIN MINING- EXECUTED AMENDING AGREEMENT TO REVOLVING CREDIT FACILITY ( "FACILITY") THAT INCREASES FACILITY TO $550 MILLION WITH A $50 MILLION ACCORDION OPTION.LUNDIN MINING- EXECUTED AMENDING AGREEMENT TO REVOLVING CREDIT FACILITY THAT REDUCES COSTS OF BORROWING AND EXTENDS TERM TO OCTOBER 2022, FROM JUNE 2020.FACILITY AMENDING AGREEMENT CONTAINS ADDITIONAL REVISIONS, INCLUDING RELEASE OF TENKE HOLDINGS LTD. AS A GUARANTOR.  Full Article

Nevsun CEO would consider sale process if formal bid made
Tuesday, 8 May 2018 

May 8 (Reuters) - Nevsun Resources ::CEO PETER KUKIELSKI SAYS HAS ENGAGED "TOTALLY", REPEATEDLY WITH LUNDIN MINING <<>> ON LUNDIN'S TAKEOVER PROPOSAL.NEVSUN CEO SAYS PREMATURE TO RUN FULL SALE PROCESS FOR COMPANY; WOULD CONSIDER IF LUNDIN MINING MADE FORMAL BID.NEVSUN CEO SAYS OPEN TO ANY TRANSACTION THAT IS "IN BESTS INTERESTS" OF COMPANY.  Full Article

Lundin Mining Announces Offer To Purchase Notes Pursuant To Asset Sale Covenant
Friday, 27 Apr 2018 

April 26 (Reuters) - Lundin Mining Corp ::LUNDIN MINING ANNOUNCES OFFER TO PURCHASE NOTES PURSUANT TO ASSET SALE COVENANT.COMMENCED AN OFFER TO PURCHASE ALL OF ITS $450 MILLION AGGREGATE PRINCIPAL AMOUNT OF 7.875% SENIOR SECURED NOTES DUE 2022.  Full Article

Lundin Mining Reports First Quarter Results
Thursday, 26 Apr 2018 

April 25 (Reuters) - Lundin Mining Corp ::LUNDIN MINING FIRST QUARTER RESULTS.Q1 REVENUE $470.5 MILLION VERSUS I/B/E/S VIEW $478.3 MILLION.Q1 EARNINGS PER SHARE $0.11 FROM CONTINUING OPERATIONS.Q1 EARNINGS PER SHARE VIEW $0.09 -- THOMSON REUTERS I/B/E/S.PRODUCTION AND EXPLORATION GUIDANCE FOR 2018 REMAINS UNCHANGED FROM THAT PROVIDED ON NOV 29, 2017.TOTAL CAPITAL EXPENDITURES, EXCLUDING CAPITALIZED INTEREST, ARE FORECAST TO BE $850 MILLION FOR 2018.EXPLORATION EXPENDITURES ARE EXPECTED TO REMAIN UNCHANGED AT $83 MILLION IN 2018.  Full Article

Lundin Mining Reports Q4 Earnings Per Share $‍0.18​
Friday, 16 Feb 2018 

Feb 15 (Reuters) - Lundin Mining Corp ::LUNDIN MINING FOURTH QUARTER AND FULL YEAR RESULTS.QTRLY EARNINGS PER SHARE $‍0.18​.‍PRODUCTION, CASH COST, CAPITAL EXPENDITURE AND EXPLORATION GUIDANCE FOR 2018 REMAINS UNCHANGED​.SAYS 2018 CAPITAL EXPENDITURES, EXCLUDING CAPITALIZED INTEREST, ARE EXPECTED TO BE $850 MILLION.QTRLY ‍SALES $533.3 MILLION VERSUS $459.2​ MILLION.Q4 EARNINGS PER SHARE VIEW $0.14, REVENUE VIEW $528.0 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Lundin Mining increases credit facility to $800 million

Aug 28 Diversified Canadian miner Lundin Mining said on Wednesday it amended a credit agreement that increases its secured revolving credit facility by $250 million to $800 million.