Metals & Mining News

Lundin meets guidance for all metals, shares up

Chapada copper (50,038 tonnes) and gold (87,000 oz) production in Brazil both exceeded annual guidance. Chapada returned to full processing capacity in December 2020 after the installation of a second repaired motor on the ball mill.

Eagle copper and nickel mine in US also achieved annual guidance.

Year-end 2020 net debt position was approximately $65 million.

Midday Wednesday, Lundin’s stock was up nearly 3% on the TSE. The company has a C$9 billion market capitalization.

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