Key Developments: Lundin Mining Corp (LUN.TO)

LUN.TO on Toronto Stock Exchange

5.19CAD
27 Mar 2015
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$0.04 (+0.78%)
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Latest Key Developments (Source: Significant Developments)

Lundin Mining Corp gives FY 2015 production guidance
Wednesday, 18 Feb 2015 05:41pm EST 

Lundin Mining Co:Gives FY 2015 copper production in the range of 256,400 - 270,400 tonnes.Gives FY 2015 zinc production in the range of 146,000 - 155,000 tonnes.Gives FY 2015 lead production in the range of 31,000 - 35,000 tonnes.Gives FY 2015 nickel production in the range of 30,800 - 34,500 tonnes.  Full Article

Lundin Mining Co announces commercial production at eagle mine
Monday, 24 Nov 2014 05:30pm EST 

Lundin Mining Co:Announces achievement of commercial production at the Eagle Mine, a high grade nickel copper mine located in the Upper Peninsula of Michigan, USA.Says the mine began operations on Sept. 23 ahead of schedule and on budget.Says the milestone was reached within two months of start-up and well before the target of Q1, 2015.  Full Article

Lundin Mining Co announces closing of acquisition of Candelaria Mining Complex
Monday, 3 Nov 2014 03:00pm EST 

Lundin Mining Co:Closes acquisition of an 80 pct ownership stake in the Candelaria/Ojos del Salado copper mining operations and supporting infrastructure (together, Candelaria) from Freeport-McMoRan Inc.Total cash consideration paid at closing by the Company was about $1,852 mln, consisting of a $1,800 mln base purchase price plus about $52 mln for cash and non-cash working capital and other agreed adjustments.  Full Article

Lundin Mining raises FY 2014 production outlook
Wednesday, 29 Oct 2014 05:30pm EDT 

Lundin Mining Co:Expects FY 2014 copper production in the range of 109,400 - 117,400 tonnes.Expects FY 2014 zinc production in the range of 135,000 - 145,000 tonnes.Expects FY 2014 lead production in the range of 32,500 - 36,500 tonnes.Expects FY 2014 nickel production in the range of 9,500 - 11,500 tonnes.  Full Article

Lundin Mining announces closing of $1.0 bln of senior secured notes
Monday, 27 Oct 2014 10:47am EDT 

Lundin Mining Corp:Announces that the closing of its offering of $1.0 billion of senior secured notes in two tranches, $550 million of 7.5 pct Senior Secured Notes due 2020 and $450 million of 7.875 pct Senior Secured Notes due 2022.Says the 2020 Notes will accrue interest at a rate of 7.5 pct per annum and will mature on Nov. 1, 2020.Says the 2022 Notes will accrue interest at a rate of 7.875 pct per annum, and will mature on Nov. 1, 2022.Net proceeds from the offering of the Notes, together with proceeds from the previously announced subscription receipt financing and streaming purchase agreement, will be used to fund Lundin Mining's pending acquisition of Freeport-McMoRan Inc's 80 pct ownership stake.  Full Article

Lorito Holdings S.a.r.l. and Zebra Holdings & Investments S.a.r.l. acquire subscription receipts of Lundin Mining Corporation
Thursday, 23 Oct 2014 01:51pm EDT 

Lorito Holdings S.a.r.l. and Zebra Holdings & Investments S.a.r.l:Announces that each had acquired ownership of 3'607'844 subscription receipts and 16'000'000 subscription receipts respectively, exercisable into 3'607'844 common shares and 16'000'000 common shares respectively of Lundin Mining Corporation in consideration of about C$ 5.10 per Subscription Receipt.Says as a result of these acquisitions, Lorito and Zebra hold 37'557'844 common shares and 54'964'854 common shares respectively of the Company representing upon conversion of the Subscription Receipts 5.23 pct and 7.65 pct respectively of the issued capital of the company.  Full Article

Lundin Mining closes C$674 mln bought deal financing
Thursday, 23 Oct 2014 08:36am EDT 

Lundin Mining Corp:Announces that it has completed its previously announced bought deal financing.Lundin Mining, through a syndicate of underwriters issued a total of 132,157,000 subscription receipts (the Subscription Receipts) at a price of C$5.10 per Subscription Receipt for gross proceeds of about C$674 million.Each Subscription Receipt represents the right to acquire, without payment of additional consideration or further action.Gross proceeds from the sale of the Subscription Receipts have been placed in escrow pending closing of the Acquisition.  Full Article

Lundin Mining Corp announces pricing of $1.0 billion of senior secured notes
Friday, 10 Oct 2014 05:30pm EDT 

Lundin Mining Corp:Says pricing of offering of $1.0 billion of senior secured notes in two tranches, $550 million of 7.5 pct Senior Secured Notes due 2020 and $450 million of 7.875 pct Senior Secured Notes due 2022.2020 Notes will accrue interest at rate of 7.5 pct per annum and will mature on Nov. 1, 2020.2022 Notes will accrue interest at a rate of 7.875 pct per annum, and will mature on Nov. 1, 2022.Offering of Notes is expected to close on or about Oct. 27, 2014, subject to the satisfaction of customary closing conditions.Net proceeds from the offering of Notes, together with proceeds from previously announced subscription receipt financing and streaming purchase agreement.Will be used to fund Lundin Mining's pending acquisition of Freeport-McMoRan Inc.'s 80 pct ownership stake in Candelaria/Ojos del Salado copper mining operations and supporting infrastructure (Candelaria).To repay in full all amounts outstanding under company's existing term loan, to pay related fees and expenses and for general corporate purposes.  Full Article

Lundin Mining announces agreement to purchase Freeport's 80 pct interest in the Candelaria Mining Complex
Monday, 6 Oct 2014 04:01pm EDT 

Lundin Mining Corp:Entered into a definitive agreement with Freeport-McMoRan Inc to purchase its 80 pct ownership stake in the Candelaria/Ojos del Salado copper mining operations and supporting infrastructure for cash consideration of $1.8 billion plus customary adjustments.In addition, contingent consideration of up to $200 million in aggregate is also payable calculated as 5 pct of net copper revenues in any annual period over the next five years if the realized average copper price exceeds $4.00 per pound.Remaining 20 pct ownership stake will continue to be held by Sumitomo Metal Mining Co., Ltd and Sumitomo Corporation.Transaction effective date is June 30, 2014.  Full Article

Lundin Mining commences production at Eagle Mine
Tuesday, 23 Sep 2014 04:31pm EDT 

Lundin Mining Corp:Says concentrate production has commenced from the high grade Eagle nickel-copper mine.Says construction activities at the Eagle Mine are now substantially complete, with the project being delivered on budget and ahead of schedule compared to initial guidance.Says the Eagle Mine plans to ship first saleable copper and nickel concentrates during the first half of October and is expected to reach full design rates in Q2 2015.Says production guidance for the Eagle Mine over 2015-2017 remains unchanged and is expected to average about 23,000 tonnes of nickel and 20,000 tonnes of copper contained metal in concentrate.  Full Article

Lundin Mining shuts Candelaria copper operation in Chile due to rain

NEW YORK, March 25 - Lundin Mining Corp has shut its Candelaria copper mining operation in Chile "as a precaution" due to heavy rains that have flooded roads and caused power outages, a spokesman said on Wednesday.

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