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Lundin Mining ( (TSE:LUN) ) has shared an update.
Lundin Mining has announced the completion of a joint acquisition of Filo Corp with BHP and the formation of Vicuña Corp, a 50/50 joint venture. This strategic alliance aims to develop an emerging copper district, leveraging the proximity of the Filo del Sol and Josemaria projects for potential global ranking. The venture is expected to transform Lundin Mining into a top-tier copper producer, enhancing economies of scale and providing growth opportunities in response to increasing global copper demand.
More about Lundin Mining
Lundin Mining is a multinational corporation in the mining industry, focusing primarily on copper production. The company engages in mining operations and is involved in developing projects to enhance its market positioning and scale of operations.
YTD Price Performance: -2.76%
Average Trading Volume: 162,923
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $6.59B
For a thorough assessment of LUN stock, go to TipRanks’ Stock Analysis page.
