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Lundin Mining Issues Production Guidance for FY 2013-2015

Thursday, 6 Dec 2012 08:01pm EST 

Lundin Mining Corp announced that it has provided production guidance for the three-year period of 2013 through 2015. The Company expects 2013 to 2015 annual attributable copper production to be in the range of between 100 kilotons (kt) and 110 kt assuming Tenke production remains flat at Phase II expansion nameplate levels; Zinc production is expected to continue to grow progressively year-over-year, as Neves-Corvo zinc production continues to ramp-up and plant modernization initiatives become operative at Zinkgruvan; Lead production is expected to continue to represent a valuable by-product credit for the Company; Aguablanca nickel and copper production forecasts reflect a conservative modified mine plan, pending results of ongoing investigations related to south pit wall instability. Capital expenditures for the fiscal year 2013 are expected to be USD 270 million (compared with an estimated USD 380 million in the fiscal year 2012). Exploration expenditures are expected to be in the range of USD 40 million in the fiscal year 2013 (fiscal year 2012 - estimated at USD 50 million). 

Company Quote

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18 Sep 2014