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The latest announcement is out from Lundin Mining ( (TSE:LUN) ).
Lundin Mining has announced several factors affecting its fourth quarter and full-year 2024 results. These include a negative impact on revenue due to provisional pricing adjustments, particularly in copper sales, and shipment delays of copper concentrate from Caserones. Moreover, the company expects foreign exchange gains due to the weakening of the Brazilian real and Chilean peso against the US dollar. However, this is offset by unrealized losses from foreign exchange and commodity derivative contracts and a write-down of inventory items. Operational challenges have also led to increased overhead costs at its Eagle mine, although normal throughput rates are expected to resume in early 2025.
More about Lundin Mining
Lundin Mining Corporation is a diversified Canadian base metals mining company with operations and projects in Chile, the USA, Portugal, Sweden, and Brazil. The company primarily focuses on the production of copper, zinc, nickel, and other base metals.
YTD Price Performance: -0.69%
Average Trading Volume: 202,097
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $7.49B
For a thorough assessment of LUN stock, go to TipRanks’ Stock Analysis page.
