Pgiam
Overview
Lundin Mining (OTCPK:LUNMF) is a base metals mining company that is listed in both Canada (TSX:LUN:CA) and Sweden. Most of its revenues come from copper. Last year, 67% of revenues came from copper, 9% from zinc, 8% from nickel, 7% from gold, 2% from lead, and the remaining 4% from other metals. In 2024, more than 70% of revenues are expected to come from copper.
The company is relatively diversified geographically, even if an ever-greater percentage of revenues are now coming from Chile.
Figure 1 – Source: Lundin Mining Quarterly Reports
I covered Lundin Mining in March of this year, which was more of an overview and a multi-year perspective. That article can be found here. In this article, I wanted to focus on the most recent quarterly result and other recent developments, as Lundin Mining has seen quite a lot of activity lately.
Figure 2 – Source: Koyfin
Lundin Mining has had a decent stock price performance over…
