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Last $4.50 USD
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LUNCF On Other Exchanges
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As of 8:10 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

lundin mining corp-sdr (LUNCF) Snapshot

Open
$4.50
Previous Close
$4.50
Day High
$4.50
Day Low
$4.50
52 Week High
09/24/14 - $5.10
52 Week Low
01/14/15 - $3.40
Market Cap
3.2B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
719.3M
EX-Date
--
P/E TM
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Current Stock Chart for LUNDIN MINING CORP-SDR (LUNCF)

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lundin mining corp-sdr (LUNCF) Details

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Portugal, Sweden, Spain, and the United States. It produces copper, zinc, lead, and nickel. The company’s wholly-owned operating assets include the Neves-Corvo copper/zinc mine located in the Alentejo district of southern Portugal; the Zinkgruvan zinc/lead mine located in south central Sweden; the Aguablanca nickel/copper mine located in southern Spain; and the Eagle nickel/copper mine located in the United States. It also owns 80% of the Candelaria and Ojos del Salado copper/gold mining complex located in Chile; and 24% equity accounted interests in the Tenke Fungurume copper/cobalt mine located in the Democratic Republic of Congo and the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland. 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-sdr (LUNCF) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $713.5K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $376.7K
Senior Vice President of Projects
Total Annual Compensation: $542.7K
Vice President of Technical Services
Total Annual Compensation: $437.0K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: $349.3K
Compensation as of Fiscal Year 2014.

lundin mining corp-sdr (LUNCF) Key Developments

Lundin Mining Corporation Discovers New High-Grade Nickel-Copper PGM Mineralization Near Eagle Mine

Lundin Mining Corporation announced that exploration drilling near the Eagle Mine has intersected a new zone of high-grade massive and semi-massive nickel-copper sulphide mineralization. The discovery is located approximately two kilometers east of the Eagle deposit, and is a consequence of the stepout drilling program. Highlights of the recent exploration results include: 30.85 metres at 5.23% nickel and 8.74% copper (DDH 14EA331I; 1,139.85m to 1,170.70m); 23.85 metres at 5.34% nickel and 4.41% copper (DDH 14EA331H; 1,142.18m to 1,166.03m); 6.49 metres at 8.04% nickel and 4.35% copper (DDH 14EA331G; 1,161.43m to 1,167.92m); 20.53 metres (assays pending) of semi-massive and massive sulphide, including 10.81 metres of nickel and copper-rich massive sulphide (DDH 14EA331J; 1140.20m to 1160.73m); All massive sulphides are enriched with platinum-palladium-gold-silver. Lundin Mining's exploration program at Eagle remains focused on targeting new high-grade zones that could potentially extend the life of the Eagle Mine. The drilling is tracing the feeder dyke "root" to Eagle East, an ultramafic intrusion which outcrops one kilometer east of the Eagle Mine deposit. Eagle East was previously thought to host primarily low-grade disseminated nickel-copper sulphides at shallower depths. Since first reported in July 2014, the Company has traced a continuous zone of semi-massive nickel copper sulphides for a total strike length of 350 metres to the east. These semi-massive sulphides are transitioning into high-grade nickel-copper massive sulphides enriched in platinum-palladium-gold-silver as the host feeder dyke deepens to the east. High-grade massive sulphides were first encountered in drill hole 14EA331B. Thicker massive sulphides have been subsequently intercepted in four step-out drill holes (14EA331G,H,I,J) located up to 85 metres to the east. The high-grade massive sulphide zone is open in all directions and the dimensions are currently unknown. True widths of the intersections have not yet been determined. In all the Company has completed 20 holes, totaling 7,817 metres of drilling in attempts to trace the Eagle East feeder dyke. Thirteen of the holes have intercepted the semi-massive and massive sulphide nickel copper mineralization described in this announcement. The company is advancing a more extensive drilling campaign for the remainder of the year. A second surface drill rig is being mobilized and will collar 200 metres east of the recent massive sulphide intercepts to further test the extent of this high grade discovery zone at depth.

Chile's Environmental Regulator Files Charges Against Lundin Mining's Candelaria Mine for Alleged Environmental Breaches

Chile's environmental regulator has filed charges against Lundin Mining over allegations of environmental breaches at its Candelaria copper mine. During its routine inspections carried out at the mine in the Atacama Region in 2013 and 2014, the Superintendence for the Environment found 16 environmental irregularities at the mine. Nine of them have been listed by the regulator as 'serious'. Lundin Mining has been given ten days by the regulator to present a compliance plan or it can appeal the charges within 15 days. Based on the mine's first quarter March 31, 2015 update, it is evident that it has applied for an extension of mining licenses until 2030 to the mining authorities in Chile. The mine also applied for a project to construct a new tailings management facility on which construction is expected to start in the third quarter of 2015 upon securing permits.

Lundin Mining Corporation Announces Un-Audited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015; Provides Capital Expenditures for the Year 2015 and Revised Production Guidance for the Year 2015; Announces Impairment for the First Quarter of 2015

Lundin Mining Corporation announced un-audited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported sales of $531.5 million compared to $149.9 million, operating earnings of $274.0 million compared to $43.1 million, earnings before income taxes of $113.4 million compared to $11.6 million, net earnings attributable to the company shareholders of $71.8 million or $0.10 per basic and diluted share compared to $13.3 million or $0.02 per basic and diluted share, cash flow from operations of $224.0 million compared to $27.6 million and investment in mineral properties, plant and equipment of $63.9 million compared to $92.4 million for the last year. Operating earnings were also positively impacted by favourable foreign exchange rates ($19.8 million), lower per unit operating costs ($17.9 million) and higher sales volumes ($12.1 million), partially offset by lower realized metal prices and price adjustments ($32.9 million) from European operations. Net earnings were positively impacted by: addition of Candelaria ($59.5 million) and Eagle's first full quarter of operations ($13.4 million); And foreign exchange gains of $17.3 million in the current year; partially offset by interest expense associated with the senior secured notes ($19.1 million); and higher tax expenses at the European operations. Net debt as at March 31, 2015 was $649.2 million compared to $155.0 million at March 31, 2014. For the quarter, the company announced Copper production of 76,746 tonnes compared to 27,271 tonnes, Zinc of 35,757 tonnes compared to 33,467 tonnes, Nickel of 10,052 tonnes compared to 1,980 tonnes and Lead of 8,719 tonnes compared to 9,938 tonnes for the last year. Capital expenditures for 2015 are expected to be $400 million (excluding Tenke), $390 million for sustaining capital and $10 million for expansionary capital. This is unchanged from the previous reduced guidance provided in the December 31, 2014 MD&A. The company revised production guidance for the year 2015. For the year, the company now expected Copper production of 257,000 ­ 271,500 tonnes compared to 256,400 ­ 270,400 tonnes, Zinc production of 146,000 ­ 155,000 tonnes compared to 146,000 ­ 155,000 tonnes, Nickel production of 32,000 ­ 35,500 tonnes compared to 30,800 ­ 34,500 tonnes and Lead production of 31,000 ­ 35,000 tonnes compared to 31,000 ­ 35,000 tonnes previously expected. The company announced impairment for the first quarter of 2015 of $47.1 million.

 

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Price/Earnings 15.0x
Price/Sales 2.2x
Price/Book 0.7x
Price/Cash Flow 5.3x
TEV/Sales 0.8x
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