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Lundin Mining Corp (LUN.TO)

LUN.TO on Toronto Stock Exchange

5.73CAD
11 Dec 2018
Change (% chg)

$0.02 (+0.35%)
Prev Close
$5.71
Open
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$5.64
Volume
3,011,817
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2,454,750
52-wk High
$9.21
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$4.70

Latest Key Developments (Source: Significant Developments)

Lundin Mining Announces Early Redemption Of Senior Secured 2022 Notes
Monday, 22 Oct 2018 02:30am EDT 

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 11:35am EDT 

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
Thursday, 26 Apr 2018 04:30pm EDT 

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
Wednesday, 25 Apr 2018 05:00pm EDT 

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​
Thursday, 15 Feb 2018 06:14pm EST 

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

Metso Awarded Contract For Project In Portugal
Thursday, 21 Dec 2017 04:07am EST 

Dec 21 (Reuters) - Metso Oyj ::- LUNDIN MINING AWARDS CONTRACT TO METSO FOR SOMINCOR ZINC EXPANSION PROJECT AT NEVES-CORVO MINE IN PORTUGAL.‍DELIVERY IS PLANNED FOR APRIL 2018​.  Full Article

Finning South America Secures Significant Mining Contract In Chile
Wednesday, 13 Dec 2017 09:00am EST 

Dec 13 (Reuters) - Finning International Inc ::FINNING SOUTH AMERICA SECURES SIGNIFICANT MINING CONTRACT IN CHILE.FINNING SAYS SOUTH AMERICAN OPERATIONS HAS BEEN AWARDED MULTI-YEAR MINING CONTRACT BY LUNDIN MINING TO DELIVER EQUIPMENT TO CANDELARIA COPPER MINES.FINNING - WILL SUPPLY NEARLY 70 PIECES OF CATERPILLAR LARGE MINING EQUIPMENT VALUED AT ABOUT $185 MILLION TO CANDELARIA OPEN PIT, UNDERGROUND MINES.  Full Article

Finning International - Co's South American Operation Been Awarded Multi-Year Mining Contract
Wednesday, 13 Dec 2017 09:00am EST 

Dec 13 (Reuters) - Finning International Inc ::FINNING INTERNATIONAL INC - CO'S SOUTH AMERICAN OPERATION BEEN AWARDED MULTI-YEAR MINING CONTRACT BY LUNDIN MINING CORPORATION.FINNING INTERNATIONAL INC - CONTRACT TO DELIVER NEW EQUIPMENT AND PRODUCT SUPPORT TO CANDELARIA COPPER MINES IN NORTHERN CHILE.  Full Article

‍Lundin Mining Provides Operational Outlook & Update ​
Thursday, 30 Nov 2017 01:00am EST 

Nov 30 (Reuters) - ‍Lundin Mining ::​.LUNDIN MINING - ‍WILL MAKE SIGNIFICANT INVESTMENTS IN BOTH MINE AND MILL AT CANDELARIA TO INCREASE COPPER PRODUCTION PROFILE OVER LIFE-OF-MINE​.‍FORECASTS FOR 2018 AND 2019 HAVE BEEN LOWERED FROM PREVIOUS OUTLOOK UNDER NEW RE-PHASED OPEN PIT LIFE-OF-MINE PLAN​.LUNDIN - ‍ZINC PRODUCTION GUIDANCE HAS INCREASED FOR 2019 INCORPORATING ZINC EXPANSION PROJECT (ZEP) AT NEVES-CORVO, THOUGH LOWERED FOR 2018.​.‍NICKEL PRODUCTION FORECASTS REMAIN IN LINE WITH PREVIOUS GUIDANCE.​.LUNDIN - ‍EAGLE,ZINKGRUVAN TO REMAIN FIRST-QUARTILE PRODUCERS;CANDELARIA AND NEVES-CORVO WELL POSITIONED ON GLOBAL CASH OPERATING COST CURVES IN 2018​.‍EXPLORATION EXPENDITURES ARE PLANNED TO BE $83 MILLION IN 2018.​.  Full Article

Lundin Mining Provides Operational Outlook & Update
Wednesday, 29 Nov 2017 05:00pm EST 

Nov 29 (Reuters) - Lundin Mining Corp ::LUNDIN MINING PROVIDES OPERATIONAL OUTLOOK & UPDATE.LUNDIN MINING CORP - ‍CAPITAL EXPENDITURES IN 2018 FOR MINES OPERATED BY COMPANY ARE EXPECTED TO BE APPROXIMATELY $850 MILLION ON A 100% BASIS​.LUNDIN MINING SEES ‍TOTAL ATTRIBUTABLE COPPER PRODUCTION FOR 2018 OF 159,000 TONNES - 173,000 TONNES AND OF 169,000 TONNES - 183,000 TONNES FOR 2019​.LUNDIN MINING SEES ‍FOR 2020,TOTAL ATTRIBUTABLE COPPER PRODUCTION 187,000 TONNES - 201,000 TONNES, ZINC PRODUCTION OF 234,000 TONNES-244,000 TONNES​.LUNDIN MINING CORP SEES TOTAL ZINC PRODUCTION FOR 2018 OF 144,000 TONNES - 154,000 TONNES AND FOR 2019 OF 166,000 TONNES - 176,000 TONNES​.LUNDIN MINING CORP - ‍NICKEL PRODUCTION FORECASTS REMAIN IN LINE WITH PREVIOUS GUIDANCE​.  Full Article

Canadian firm Lundin confirms job cuts at Chile's Candelaria copper mine

Canadian miner Lundin confirmed on Friday it was cutting 106 jobs at its Candelaria copper mine in Chile to "improve competitiveness and productivity", amid reports that workers had begun a 48-hour strike.