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Lundin Mining Corp (LUN.TO)

LUN.TO on Toronto Stock Exchange

7.50CAD
31 Jul 2020
Change (% chg)

$-0.17 (-2.22%)
Prev Close
$7.67
Open
$7.64
Day's High
$7.69
Day's Low
$7.44
Volume
2,239,361
Avg. Vol
2,185,844
52-wk High
$8.59
52-wk Low
$4.08

Latest Key Developments (Source: Significant Developments)

Lundin Mining Posts Q2 Adjusted Earnings Per Share Of $0.07
Thursday, 30 Jul 2020 

July 29 (Reuters) - Lundin Mining Corp ::LUNDIN MINING SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.07.Q2 EARNINGS PER SHARE $0.05.Q2 EARNINGS PER SHARE ESTIMATE $0.04 -- REFINITIV IBES DATA.FY SUSTAINING CAPEX GUIDANCE REMAINS SAME AS PRIOR QUARTER.QTRLY REVENUE REVENUE $533.3 MILLION VERSUS $369.3 MILLION.OTHER THAN CANDELARIA, ALL OPERATIONS ARE ON TRACK TO MEET PREVIOUSLY DISCLOSED 2020 PRODUCTION GUIDANCE.QTRLY COPPER PRODUCTION OF 65,285 TONNES, ZINC 31,582 TONNES AND NICKEL 3,380 TONNES.  Full Article

Lundin Mining Reports Q1 Loss Per Share $0.15
Thursday, 30 Apr 2020 

April 29 (Reuters) - Lundin Mining Corp ::LUNDIN MINING FIRST QUARTER RESULTS.Q1 ADJUSTED LOSS PER SHARE $0.06.Q1 LOSS PER SHARE $0.15.Q1 EARNINGS PER SHARE ESTIMATE $-0.01 -- REFINITIV IBES DATA.AS OF APRIL 29, 2020, COMPANY HAD A CASH BALANCE OF APPROXIMATELY $300.0 MILLION.FULL YEAR GUIDANCE RANGE FOR COPPER PRODUCTION HAS BEEN WIDENED AND GOLD PRODUCTION HAS BEEN MODERATELY REDUCED FOR CANDELARIA.FOR CHAPADA, COPPER PRODUCTION GUIDANCE IS MAINTAINED FOR FY.FY PRODUCTION AND COST GUIDANCE REMAINS UNCHANGED FOR EAGLE.FOR NEVES-CORVO, FULL YEAR GUIDANCE RANGE FOR COPPER PRODUCTION HAS BEEN LOWERED TO REFLECT Q1 PRODUCTION.TOTAL SUSTAINING CAPITAL EXPENDITURES GUIDANCE FOR 2020 HAS BEEN REDUCED BY $80.0 MILLION.SEES TOTAL CAPEX OF $440 MILLION IN 2020.QTRLY REVENUE $378.0 MILLION VERSUS $416.4 MILLION.  Full Article

Lundin Mining Announces Underground Fire At Zinkgruvan
Tuesday, 21 Apr 2020 

April 20 (Reuters) - Lundin Mining Corp ::LUNDIN MINING ANNOUNCES UNDERGROUND FIRE AT ZINKGRUVAN.ALL PERSONNEL ARE ACCOUNTED FOR AND THERE ARE NO REPORTED INJURIES.IT IS TOO EARLY TO DETERMINE IMPACT ON UNDERGROUND MINE AND WHEN OPERATIONS CAN BE RESTARTED IN AFFECTED AREA OF MINE.  Full Article

Lundin Mining Provides Update On Readiness And Response To COVID-19
Thursday, 26 Mar 2020 

March 25 (Reuters) - Lundin Mining Corp ::LUNDIN MINING PROVIDES UPDATE ON READINESS AND RESPONSE TO COVID-19, AND OPERATIONAL AND GUIDANCE UPDATE.LUNDIN MINING - TEMPORARILY CLOSED MANY OF ITS COMMUNITY AND SATELLITE OFFICES, WHILE CONTINUING TO PROVIDE SERVICES VIRTUALLY.LUNDIN MINING- ALL OPERATIONS, OFFICES HAVE IMPLEMENTED TRAVEL RESTRICTIONS, SURVEILLANCE, MONITORING AND RESPONSE PLANS TO REDUCE RISK OF COVID-19.LUNDIN MINING- THERE HAS BEEN NO MATERIAL IMPACT TO PRODUCTION OR SHIPMENT OF CONCENTRATE FROM ANY OF CO'S OPERATIONS TO DATE AS A RESULT OF COVID-19.LUNDIN MINING - THERE HAS BEEN NO SIGNIFICANT DISRUPTION TO SUPPLY CHAIN OF COMPANY'S OPERATIONS.LUNDIN MINING- IDENTIFYING, REVIEWING MEASURES ACROSS OPERATIONS, OFFICES TO CUT OPERATING COSTS, DEFER DISCRETIONARY CAPITAL, EXPLORATION EXPENSES.LUNDIN MINING- PRIOR ZINC PRODUCTION, CAPITAL COST GUIDANCE FOR NEVES-CORVO OPERATION, ZINC EXPANSION PROJECT, SHOULD NO LONGER BE RELIED UPON.LUNDIN MINING- CURRENT PRODUCTION, C1 CASH COST, EXPLORATION SPENDING AND CAPITAL COST GUIDANCE FOR ALL OPERATIONS IS UNDER REVIEW AND MAY BE AMENDED.COMPANY'S NET DEBT POSITION AS AT MARCH 23, 2020 WAS APPROXIMATELY $95 MILLION, INCLUDING $390 MILLION OF CASH ON HAND.  Full Article

Lundin Mining Confirms 33% Increase In Cash Dividend
Friday, 21 Feb 2020 

Feb 20 (Reuters) - Lundin Mining Corp ::LUNDIN MINING CONFIRMS 33% INCREASE IN CASH DIVIDEND.LUNDIN MINING CORP - DECLARED A DIVIDEND OF CAD$0.04 PER SHARE.  Full Article

Lundin Mining Fourth Quarter And Full Year Results
Friday, 21 Feb 2020 

Feb 20 (Reuters) - Lundin Mining Corp ::LUNDIN MINING FOURTH QUARTER AND FULL YEAR RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.13.Q4 EARNINGS PER SHARE ESTIMATE $0.08 -- REFINITIV IBES DATA.PRODUCTION, CASH COST AND CAPITAL EXPENDITURE GUIDANCE FOR 2020 REMAINS UNCHANGED FROM THAT PROVIDED ON NOVEMBER 26, 2019.QTRLY REVENUE $568.4 MILLION VERSUS $407.7 MILLION.QTRLY BASIC AND DILUTED NET EARNINGS PER SHARE $0.13.Q4 REVENUE VIEW $565.2 MILLION -- REFINITIV IBES DATA.  Full Article

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

Lundin defends early retirement package for Chile's Candelaria workers

SANTIAGO, July 14 Chile's Candelaria copper mine, run by the Canadian firm Lundin Mining Corp, on Tuesday rejected claims by the mine supervisors´ union that it is planning to lay off workers, saying the claim relates to the offer of an early retirement package for older workers.