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lundin mining corp-sdr (LUNCF) Snapshot

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52 Week High
03/25/14 - $4.45
52 Week Low
12/16/13 - $3.94
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585.8M
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Current Stock Chart for LUNDIN MINING CORP-SDR (LUNCF)

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lundin mining corp-sdr (LUNCF) 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-sdr (LUNCF) 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-sdr (LUNCF) Key Developments

Lundin Mining Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Capital Expenditure Guidance for 2014

Lundin Mining Corporation reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported sales of $191.8 million compared to $176.3 million a year ago. Operating earnings were $74.2 million compared to $49.2 million a year ago. The increase was largely attributable to higher net realized metal prices and prior period price adjustments ($33.4 million), partially offset by lower sales volume ($10.8 million). Net earnings were $39.7 million or $0.07 per share compared to $16.6 million or $0.03 per share a year ago. Net earnings were positively impacted by higher operating earnings ($25.0 million) largely due to higher net realized metal prices and prior period price adjustments. Cash flow from operations was $33.7 million or $26.6 million a year ago. For six months, the company reported sales of $341.7 million compared to $364.4 million a year ago. Operating earnings were $117.3 million compared to $117.2 million a year ago. Net earnings were $53.1 million or $0.09 per share compared to $66.6 million or $0.11 per share a year ago. Cash flow from operations was $61.2 million or $72.4 million a year ago. As on June 30, 2014, the company's net debt was $174 million. Capital expenditures for 2014 are expected to be $440 million (including Eagle, but excluding Tenke), unchanged from previous guidance.

Lundin Mining Corporation, Q2 2014 Earnings Call, Jul 31, 2014

Lundin Mining Corporation, Q2 2014 Earnings Call, Jul 31, 2014

Freeport-McMoRan Confirms Plan To Sell Assets

Freeport-McMoRan Inc. (NYSE:FCX) is looking to sell assets that lack the growth potential of the remainder of its portfolio, Chief Executive Officer Richard Adkerson said. "We're looking at... assets that don't have the growth profiles that our other assets have, and seeing if there are aggressive buyers who will step up and pay good prices for them," he said about potential sale of its Candelaria copper mine in Chile's Atacama region. Adkerson listed "five world-class operations" - mines with potential capacity to grow to 1Boz of copper per year: Peru'sCerro Verde, Chile's El Abra, Morenci in the US, Tenge Fungurume in DR Congo and Indonesia's Grasberg. "We are focused on debt reduction. And if we find assets that don't undermine our ability to grow in the future, and where we have buyers that will pay reasonable prices in relation to cash flows they generate, we will execute those transactions," Adkerson said. Canada's The Globe and Mail said Lundin Mining Corporation (TSX:LUN) would partner with Franco-Nevada Corporation (TSX:FNV) to close a CAD 3 billion. The sale of onshore oil and gas assets as crucial to its plan to reduce total debt from $19.7 billion currently to about $12 billion by the end of 2016.

 

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LUNCF

Industry Average

Valuation LUNCF Industry Range
Price/Earnings 26.5x
Price/Sales 4.6x
Price/Book 0.9x
Price/Cash Flow 12.1x
TEV/Sales 4.0x
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