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Overview
Lundin Mining (OTCPK:LUNMF) (TSX:LUN:CA) is Canadian base metals mining company, with a relatively diversified set of operations. The producing mines are in Chile, Brazil, USA, Portugal, and Sweden, there is also the Josemaria development project in Argentina. The stock is listed in Canada & Sweden, and the reporting currency is U.S. Dollars.
Figure 1 – Source: Company Website
The company gets most of its revenues from copper production, but also produces more material amounts of zinc, nickel, and gold, together with minor amounts of other metals. Broken down by mine, 54% of 2023 revenues came from Chile and an additional 14% from Brazil. So, the company has almost 70% of revenues coming from South America and an even higher percentage of copper revenues.
Figure 2 – Source: Company Website
Financials
Lundin Mining is an impressive mining company which has generated consistent earnings over the years. 2021 was a…
