Lundin Mining is a Canadian/Swedish base-metals mining company producing copper (63%), nickel (15%), zinc (15%), and gold (5%). It generated $3 billion in revenues in 2022 from mines located in the US, Chile, Brazil, Argentina, Portugal, and Finland. Controlled by the Swedish Lundin family, which has a long track record in oil and gas, Lundin Mining has grown steadily by acquisition over the last decade. Its moves included buying the Eagle nickel mine in Michigan for $315 million in 2014 and the Josemaria copper gold project in Argentina last year for $485 million.
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LUN was first recommended here on July 14, 2014