Last C$5.54 CAD
Change Today -0.21 / -3.65%
Volume 3.4M
LUN On Other Exchanges
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As of 4:42 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

lundin mining corp (LUN) Snapshot

Open
C$5.72
Previous Close
C$5.75
Day High
C$5.74
Day Low
C$5.51
52 Week High
07/14/14 - C$6.57
52 Week Low
12/12/13 - C$4.02
Market Cap
3.2B
Average Volume 10 Days
3.2M
EPS TTM
C$0.21
Shares Outstanding
585.9M
EX-Date
--
P/E TM
24.1x
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 Reports Mineral Resource and Reserve Estimates as at June 30, 2014

Lundin Mining Corporation reported its Mineral Resource and Reserve estimates as at June 30, 2014. Copper contained in Measured and Indicated Resources at Neves-Corvo has remained essentially unchanged from the 2013 estimate with additions from infill and exploration drilling programs, offsetting mining depletion. Exploration drilling has again resulted in contained zinc in Measured and Indicated Resources increasing by approximately 5%. Copper Proven and Probable Reserves at Neves-Corvo decreased to 25.4 Mt at 2.8% copper largely as a result of mining depletion. Zinc Proven and Probable Reserves decreased to 20.6 Mt at 7.5% zinc as a result of mining depletion and a re-evaluation of cut-off grades for the Lombador North orebody. At Zinkgruvan, exploration drilling in the Mellanby, Borta Bokum and Nygruvan orebodies resulted in contained zinc in Measured and Indicated Resources increasing by approximately 9% despite depletion by mine production. Proven and Probable Zinc Reserves at Zinkgruvan have remained essentially unchanged from 2013 with new Reserves in Mellanby offsetting mining depletion. Proven and Probable Reserves in the Aguablanca open pit have decreased to 1.1 Mt and reflect the redesigned, shallower open pit together with mining depletion. However, the inclusion of underground Reserves has added 3.2 Mt and 4 years life to the mine. Infill drilling at Eagle increased the percentage of Proven versus Probable Reserves while total contained nickel and copper in the Proven and Probable Reserves were essentially unchanged. At Tenke Fungurume, Measured and Indicated Resources increased to 579.3 Mt at 2.6% copper and 0.3% cobalt. Contained copper and cobalt metal in these Resources increased by 8% and 11% respectively over the prior year and Lundin's attributable share now stands at 3.6 Mt of contained copper. Inferred Mineral Resources also increased to 343.2 Mt on a 100% basis. Proven and Probable Reserves at Tenke Fungurume increased slightly to 144.1 Mt at 2.9% Cu and 0.4% Co despite depletion by mining.

Southern Hemisphere Mining Limited and Lundin Mining Corporation Announce Completion of First Six Diamond Drill Holes Planned at Polvareda 2 and Armandino Prospects

Southern Hemisphere Mining Limited advised that the first six diamond drill holes planned at the Polvareda 2 and Armandino Prospects, both part of its 50/50 Los Rulos Joint Venture with Lundin Mining Corporation have been completed. This initial program is the first stage of a 4,000m drilling campaign approved by the Los Rulos Joint Venture Technical Committee. Results received to date from the secondary targets are encouraging, however the remaining budgeted ~2,700m will be retained with a view to drilling what will be the large and most prospective target within the Los Rulos portfolio of copper-gold prospects: the Polvareda 1 Prospect. Polvareda 1 covers an area of 120 hectares and is adjacent to the Polvareda 2 Prospect. The drill rig is nearby to Polvareda 1 and will commence work as soon as the documentation is completed. Both Polvareda 1 and 2 are located in the gap between two plutons and immediately south of a prominent north-east trending structural break. Further details on Polvareda 1 will be provided once the acquisition is completed.

FCX Reportedly In Talks To Sell Candelaria Mine To Lundin

Freeport-McMoRan Inc. (NYSE:FCX) is currently in talks to sell the Candelaria copper mine to Lundin Mining Corporation (TSX:LUN) for over $2 billion. The sale of a large Chilean mine owned by FCX has been held up by local authorities due to a capital gains tax issue, the Wall Street Journal reported citing two sources close to the matter. Both FCX and Lundin declined to comment on the news. Shares of FCX went down 2% at $35.63.

 

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LUN

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Valuation LUN Industry Range
Price/Earnings 24.0x
Price/Sales 4.2x
Price/Book 0.8x
Price/Cash Flow 11.0x
TEV/Sales 3.6x
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