Lundin Mining (TSE:LUN) has released an update.
Lundin Mining has successfully completed the acquisition of an additional 19% stake in Lumina Copper, which controls the Caserones mine in Chile, raising their total ownership to 70%. The deal, which cost the company $350 million in cash, was followed by a $150 million dividend payout from Lumina Copper, with Lundin Mining’s share being $105 million. This expansion reinforces Lundin Mining’s diverse portfolio of base metal operations across several countries.
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