Last C$5.40 CAD
Change Today -0.05 / -0.92%
Volume 3.4M
LUN On Other Exchanges
Symbol
Exchange
Stockholm
Toronto
OTC US
Berlin
OTC US
Frankfurt
As of 4:00 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

lundin mining corp (LUN) Snapshot

Open
C$5.38
Previous Close
C$5.45
Day High
C$5.47
Day Low
C$5.28
52 Week High
07/14/14 - C$6.57
52 Week Low
01/14/15 - C$3.68
Market Cap
3.9B
Average Volume 10 Days
6.0M
EPS TTM
C$0.24
Shares Outstanding
718.2M
EX-Date
--
P/E TM
17.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for LUNDIN MINING CORP (LUN)

Related News

No related news articles were found.

lundin mining corp (LUN) Related Businessweek News

View More BusinessWeek News

lundin mining corp (LUN) Details

Lundin Mining Corporation, a diversified base metals mining company, is engaged in the exploration, development, and mining of mineral properties in Portugal, Sweden, Spain, and the United States. The company produces copper, zinc, lead, and nickel. Its mining properties include the Neves-Corvo mine located in the Alentejo district of Southern Portugal; the Zinkgruvan mine located in South-Central Sweden; the Aguablanca nickel-copper mine located in Southern Spain; the Eagle mine located in the United States; and Tenke Fungurume copper-cobalt mine located in the Democratic Republic of Congo. The company was formerly known as South Atlantic Ventures Ltd. and changed its name to Lundin Mining Corporation in August 2004. Lundin Mining Corporation was incorporated in 1994 and is headquartered in Toronto, Canada.

Founded in 1994

lundin mining corp (LUN) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $750.1K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $396.1K
Senior Vice President of Projects
Total Annual Compensation: $505.2K
Vice President of Technical Services
Total Annual Compensation: $402.9K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

lundin mining corp (LUN) Key Developments

Lundin Mining Corporation Announces Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2014; Revised Capex Guidance and Production Guidance for the Year 2015

Lundin Mining Corporation announced earnings results for the fourth quarter and year ended Dec. 31, 2014. For the quarter, the company reported sales of $443 million, operating earnings of $144.1 million, net earnings attributable to shareholders of $25.8 million or $0.04 per share, cash flow from operations of $68.4 million compared to sales of $186.9 million, operating earnings of $66.9 million, net earnings attributable to shareholders of $42.1 million or $0.07 per share, cash flow from operations of $55.2 million a year ago. Normalized EPS was $0.10 for the fourth quarter. Candelaria is expected to contribute significantly to the company's earnings and cash flows. For the year, the company reported sales of $951.3 million, operating earnings of $304.3 million, net earnings attributable to shareholders of $112.6 million or $0.19 per share, cash flow from operations of $187.4 million compared to sales of $727.8 million, operating earnings of $243.1 million, net earnings attributable to shareholders of $136.7 million or $0.23 per share, cash flow from operations of $154.3 million a year ago. The increase in sales is due to incremental sales from Candelaria and Eagle of $215.2 million and $47.3 million, respectively. The increase in operating earnings was due to the inclusion of Candelaria's results from November 3, 2014 ($67.8 million), start of commercial production at Eagle in the fourth quarter of 2014 ($28.5 million) and the impact of higher net metal prices in 2014 ($11.5 million). The comparative increase in cash flow of $33.1 million is mostly attributable to higher operating earnings ($61.2 million). Tenke contributed $86 million of cash. So in all, this combined for a very strong financial position, which has continued to improve after the year-end, with the current net debt level sitting around $710 million. Normalized EPS was $0.25 for the year. Earnings for the fourth quarter and year-to-date were impacted by some of the regular items For the year 2015, the company has initiated action plans to respond to the lower metal price environment. As a result, capital expenditures are expected to be less than the $470 million previously guided. The company has identified $70 million of savings opportunities that can be achieved in 2015 through cancellation or deferral of certain capital expenditures. The company announced that production from Candelaria is expected to be more than double its current copper output levels. Candelaria is expected to contribute e,000-135,000t of copper in 2015, while Lundin's other mines are due to produce 78,000t to 87,000t. Exploration at Candelaria in 2015 will need approximately $35 million, and is expected to be directed towards near mine targets. Total global exploration expenses in 2015 will be around $60 million, up from $36 million in 2014. The company reduced its capital expenditures for 2015 by $70 million to $400 million. In the case of its Chilean asset, the company's capital expenditure guidance will now be $245 million from the original $300 million.

Lundin Mining Corporation Presents at BMO Capital Markets 24th Global Metals & Mining Conference 2015, Feb-22-2015

Lundin Mining Corporation Presents at BMO Capital Markets 24th Global Metals & Mining Conference 2015, Feb-22-2015 . Venue: Westin Diplomat Resort, 3555 South Ocean Drive, Hollywood, Florida, United States.

Lundin Mining Corporation Presents at TD Securities Mining Conference, Jan-27-2015

Lundin Mining Corporation Presents at TD Securities Mining Conference, Jan-27-2015 . Venue: Shangri-La Hotel, Toronto, Ontario, Canada.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
LUN:CN C$5.40 CAD -0.05

LUN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bodycote PLC 761.00 GBp 0.00
Carpenter Technology Corp $41.60 USD -0.76
HudBay Minerals Inc C$10.42 CAD -0.48
Iluka Resources Ltd A$8.24 AUD -0.04
KAZ Minerals PLC 246.00 GBp 0.00
View Industry Companies
 

Industry Analysis

LUN

Industry Average

Valuation LUN Industry Range
Price/Earnings 23.3x
Price/Sales 3.0x
Price/Book 0.7x
Price/Cash Flow 8.5x
TEV/Sales 1.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact LUNDIN MINING CORP, please visit www.lundinmining.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.