Lundin Mining is a Canadian/Swedish base-metals mining company. In the year ended Dec. 31, 2024, Lundin produced 369,000 tonnes of copper, 192,000 tonnes of zinc, and 158,000 oz. of gold, as well as 8,000 tonnes of nickel from the Eagle mine in Michigan. This generated revenues of $4.11 billion. Of that, $695 million was from its European zinc mining operations at Zinkgruvan in Sweden and Neves Corvo in Portugal. These were sold to Swedish mining group Boliden.
Income Investor
With its growth in copper production, a vital metal in the transformation to a green economy, and a robust balance sheet after the sale of its European zinc operations, Lundin Mining remains a Buy for investors willing to accept the reduced yield in return for greater capital gains potential. - Gavin Graham
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LUN was first recommended here on July 14, 2014