Last C$6.27 CAD
Change Today +0.05 / 0.80%
Volume 8.4M
LUN On Other Exchanges
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As of 4:15 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

lundin mining corp (LUN) Snapshot

Open
C$6.15
Previous Close
C$6.22
Day High
C$6.27
Day Low
C$6.04
52 Week High
07/9/14 - C$6.38
52 Week Low
07/15/13 - C$3.86
Market Cap
3.7B
Average Volume 10 Days
7.1M
EPS TTM
C$0.17
Shares Outstanding
585.8M
EX-Date
--
P/E TM
34.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for LUNDIN MINING CORP (LUN)

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lundin mining corp (LUN) Details

Lundin Mining Corporation, a diversified base metals mining company, is engaged in the exploration, development, and mining of mineral properties in Portugal, Sweden, Spain, and the United States. The company produces copper, zinc, lead, and nickel. Its mining properties include the Neves-Corvo mine located in the Alentejo district of Southern Portugal; the Zinkgruvan mine located in South-Central Sweden; the Aguablanca nickel-copper mine located in Southern Spain; the Eagle mine located in the United States; and Tenke Fungurume copper-cobalt mine located in the Democratic Republic of Congo. The company was formerly known as South Atlantic Ventures Ltd. and changed its name to Lundin Mining Corporation in August 2004. Lundin Mining Corporation was incorporated in 1994 and is headquartered in Toronto, Canada.

Founded in 1994

lundin mining corp (LUN) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $750.1K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $396.1K
Senior Vice President of Projects
Total Annual Compensation: $505.2K
Senior Vice President of Exploration & New Bu...
Total Annual Compensation: $367.5K
Vice President of Technical Services
Total Annual Compensation: $402.9K
Compensation as of Fiscal Year 2013.

lundin mining corp (LUN) Key Developments

Lundin Mining Corporation Announce the Appointment of Marie Inkster to it's Board of Directors

Lucara Diamond Corp. announced the appointment of Marie Inkster to the it's board of directors. Inkster is an experienced mining executive. She is the chief financial officer of Lundin Mining Corporation and has held positions of increasing responsibility in a number of publicly traded companies including LionOre Mining International Ltd, where she served as vice president and controller.

Lundin Mining Corporation Reports Production and Earnings Results for the First Quarter Ended March 31, 2014; Reaffirms Production Guidance for the Year 2014; Revises Capita Expenditure Guidance for the Year 2014

Lundin Mining Corporation reported production and earnings results for the first quarter ended March 31, 2014. The company's Neves-Corvo produced 12,765 tonnes of copper and 14,228 tonnes of zinc in the first quarter of 2014. Production from the Lombador ore body resulted in a 39% increase in zinc production over the comparable period in the prior year. Zinc production of 19,239 tonnes at Zinkgruvan met expectations and was 23% higher than the comparable period in 2013, largely as a result of increased levels of mining and milling of zinc ore and improved head grades. Lead production of 9,133 tonnes exceeded expectations and presents an increase of 39% over the comparable period in 2013. Aguablanca continued to display strong operational performance, with current quarter production of 1,980 tonnes of nickel and 1,652 tonnes of copper. This exceeded both expectations for the first quarter of 2014 and production levels of the prior year comparable period. For the quarter, the company's operating earnings were $43.1 million, a decrease of $25.0 million from the $68.1 million reported in the comparable quarter of 2013. The decrease was primarily attributable to lower realized metal prices ($14.8 million) and lower sales volumes at Neves-Corvo and Aguablanca ($10.0 million). Sales of $149.9 million decreased by $38.3 million from the first quarter of the prior year of $188.2 million, mainly due to lower realized metal prices and lower nickel and copper sales than in the prior year first quarter. Increased zinc and lead volumes were not enough to offset the decrease in nickel and copper sales volumes. Net earnings of $13.3 million of $0.02 per share for the three months ended March 31, 2014 were $36.8 million lower than the $50.1 million or $0.09 per share reported for corresponding quarter in the prior year. Cash flow from operations for the current quarter was $27.5 million compared to $45.8 million in the first quarter of 2013. The comparative decrease in the cash flow is attributable to lower operating earnings in the current quarter. Net debt position at March 31, 2014 was $148.3 million compared to $112.1 million at December 31, 2013. The company reported that 2014 production guidance for wholly-owned operations remains unchanged from that provided previously. Freeport-McMoRan Copper & Gold Inc.'s forecast copper production at Tenke of 47,900 tonnes is down slightly from the 48,400 tonnes previously guided. Given its performance year-to-date, Aguablanca's nickel and copper production are expected to be at the top end of the guidance range. Copper production expected to be 50,000 to 55,000 tonnes, Zinc expected to be 135,000 - 145,000 tonnes, Lead expected to be 29,000 - 32,500 tonnes, Nickel expected to be 8,000 - 10,000 tonnes. The company's capital expenditures for 2014 are expected to be $440 million (including Eagle, but excluding Tenke), a $20 million reduction from previous guidance.

Lundin Mining Corporation, Q1 2014 Earnings Call, Apr 30, 2014

Lundin Mining Corporation, Q1 2014 Earnings Call, Apr 30, 2014

 

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LUN

Industry Average

Valuation LUN Industry Range
Price/Earnings 34.2x
Price/Sales 5.0x
Price/Book 0.9x
Price/Cash Flow 13.9x
TEV/Sales 4.5x
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