Lundin Mining Corporation (T:LUN)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 2200-150 King St W, P.O. Box 38 TORONTO ON M5H 1J9 |
| Tel: | N/A |
| Website: | https://www.lundinmining.com |
| IR: | See website |
| Key People | ||
| Jack O.A. Lundin President, Chief Executive Officer, Director | Steve Little Vice President - Technology and Innovation | Teitur Poulsen Chief Financial Officer, Senior Vice President |
| Juan Andres Morel Chief Operating Officer, Senior Vice President | Patrick Boitumelo Senior Vice President - Technical Services and Growth | David Dicaire Senior Vice President - Josemaria Project |
| Andrew J. A. Hastings Senior Vice President | Kristen Mariuzza Senior Vice President - Sustainability, Health and Safety | Cara Allaway Vice President - Finance | Ricardo Checura Vice President - Health and Safety |
| Business Overview |
| Lundin Mining Corp. is a Canada-based diversified base metals mining company. The Company is engaged in metals mining with projects and operations in Argentina, Brazil, Chile, Portugal, Sweden and the United States primarily producing copper, zinc, gold and nickel. The Company's operations include Candelaria, Caserones, Chapada, Eagle, Neves-Corvo, Josemaria and Zinkgruvan. Candelaria comprises two adjacent copper mining operations, Candelaria and Ojos del Salado, which produce copper concentrates. Caserones is an open pit copper-molybdenum mine which produces copper concentrate, copper cathode and molybdenum concentrate. Chapada is an open pit copper-gold mine producing copper concentrate. Eagle is an underground mine producing nickel and copper concentrates. Neves-Corvo is a mainly copper and zinc mine producing copper, zinc and lead concentrates. Josemaria is a large-scale copper-gold-silver project. Zinkgruvan is engaged in producing zinc, lead and copper concentrates. |
| Financial Overview |
| For the three months ended 31 March 2024, Lundin Mining Corp revenues increased 25% to $937M. Net income decreased 91% to $13.9M. Revenues reflect Japan segment increase of 97% to $381.9M, China segment increase of 38% to $194.5M. Net income was offset by Interest expense and bank fees increase from $6.2M to $23.2M (expense), Foreign exchange and trading gains on eq decrease of 63% to $8.2M (income). |
| Employees: | 6,019 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $13,409M as of Mar 31, 2024 |
| Annual revenue (TTM): | $4,896M as of Mar 31, 2024 |
| EBITDA (TTM): | $1,452M as of Mar 31, 2024 |
| Net annual income (TTM): | $148.92M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$94.63M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $1,692M as of Mar 31, 2024 |
| Shares outstanding: | 775,718,751 as of Apr 30, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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