Lundin Mining Corp ( (LUNMF) ) has released its Q1 earnings. Here is a breakdown of the information Lundin Mining Corp presented to its investors.
Lundin Mining Corporation is a Canadian-based diversified mining company primarily engaged in the production of copper, gold, and nickel across its operations in Argentina, Brazil, Chile, and the United States.
In the first quarter of 2025, Lundin Mining reported strong financial results, achieving nearly $1 billion in revenue driven by higher realized gold prices and solid operational performance. The company produced 76,774 tonnes of copper and 31,849 ounces of gold, aligning with its annual production guidance.
Key highlights include a $1.4 billion sale of European assets, which significantly bolstered the company’s balance sheet, and the introduction of a new shareholder distribution policy targeting $220 million in annual returns. Additionally, the joint acquisition of Filo Corp. with BHP to form Vicuña Corp. marks a strategic move to expand Lundin’s asset portfolio.
Financially, Lundin Mining reported $388 million in adjusted EBITDA and $337 million in adjusted operating cash flow from continuing operations. The company’s copper cash costs were maintained at $2.07 per pound, reflecting effective cost management. The sale of European assets also allowed the company to pay off a $1.15 billion term loan.
Looking ahead, Lundin Mining remains on track to meet its full-year guidance for production, cash costs, and capital expenditures. The company anticipates continued benefits from higher throughput at its Candelaria and Caserones sites and expects favorable gold prices to support cash flow in the upcoming quarters.