Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Lundin Mining (GB:0RQ9)
LSE:0RQ9
Holding GB:0RQ9?
Track your performance easily
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
kr2.71Last Year’s EPS
kr0.76Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -8.78%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call presented a mix of strong operational and financial performance, highlighted by record copper production and strategic acquisitions enhancing future growth. However, challenges such as labor disputes and lower production guidance for zinc and nickel created some headwinds. Overall, the positive aspects, especially in strategic growth initiatives and cost optimization, slightly outweigh the negatives.Company Guidance
During the Lundin Mining Q3 2024 earnings call, the company provided updated guidance, highlighting their copper production target for the year, now tightened to a range of 366,000 to 389,000 tonnes. This update follows a strong quarter with 100,000 tonnes of copper produced, attributed to high grades at Candelaria, which alone contributed 50,000 tonnes. Zinc production guidance was adjusted to 190,000 to 199,000 tonnes, with Q3 yielding 46,600 tonnes. The company's gold production remained strong at 47,000 ounces, with annual guidance unchanged at 155,000 to 170,000 ounces. Additionally, Lundin Mining declared a dividend for the 31st consecutive quarter, underscoring their financial stability and commitment to shareholder returns. The call also touched on the operational performance of key assets and strategic transactions, such as increasing their stake in Caserones to 70% and forming a joint venture with BHP for projects in the Vicuña District.Record Copper Production
The company achieved copper production of approximately 100,000 tonnes, which is close to a quarterly record, with Candelaria producing 50,000 tonnes of copper.
Strategic Acquisitions and Partnerships
Announced the acquisition of Filo Mining in partnership with BHP, forming a joint venture to include Filo del Sol and Josemaria projects. Increased ownership in Caserones to 70%, adding valuable copper tonnes to the production profile.
Strong Financial Performance
Generated $1.1 billion in revenue, with adjusted EBITDA of $458 million for the quarter. Maintained a healthy balance sheet with a net debt position of $1.5 billion and ample liquidity.
Operational Excellence at Neves-Corvo
Achieved records in shaft hoisting and zinc production, with 440,000 tonnes hoisted in August and 10,500 tonnes of zinc produced.
Cost Optimization at Chapada
Significant savings achieved, reducing cash cost by approximately $0.25 to $0.35 per pound. The mine plan redesign lowered annual mining rates and reduced strip ratio.
---
GB:0RQ9 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
GB:0RQ9 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | kr105.60 | kr107.77 | +2.06% |
| Jul 30, 2024 | kr110.75 | kr108.44 | -2.09% |
| May 01, 2024 | kr128.60 | kr116.78 | -9.19% |
| Feb 21, 2024 | kr83.62 | kr80.11 | -4.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Lundin Mining (GB:0RQ9) report earnings?
Lundin Mining (GB:0RQ9) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Lundin Mining (GB:0RQ9) earnings time?
Lundin Mining (GB:0RQ9) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Lundin Mining stock?
The P/E ratio of Lundin Mining is 25.7.
What is GB:0RQ9 EPS forecast?
GB:0RQ9 EPS forecast for the fiscal quarter 2024 (Q4) is kr2.71.
---