Lundin Mining (LUNMF) AI Stock Analysis

Company Guidance

Full year copper production guidance at Caserones has been revised to 105,000 tonnes to 115,000 tonnes from the previous range of 120,000 tonnes to 130,000 tonnes, and revised full year consolidated copper production guidance is now 285,000 tonnes to 310,000 tonnes, while cash cost guidance remains unchanged at $1.95 to $2.15 per pound; Candelaria remains on track with full year guidance of 135,000 to 145,000 tonnes, Chapada remains on track with full year copper production guidance of 45,000 to 50,000 tonnes, and Candelaria is on track to meet cash cost guidance for the year of between $2.05 and $2.25 per pound copper. Full year capital guidance is now $980 million, comprising $530 million of sustaining capital, $55 million of expansionary capital at operating mines, and $395 million for the Vicuna's spend being 50% of our equity share; Vicuna is targeted for a Stage 1 sanction decision before year-end, with a district PFS study aimed to be completed in the second half of 2027, while the Chapada ball mill commissioning is targeted for late 2027 and is expected to add approximately 15,000 tonnes of annual copper production and 45,000 ounces of gold.