Deliberations are at an early stage and there’s no certainty Lundin will proceed with a sale, the people said.
The European mines, which are Lundin’s oldest assets, generated about 19% of its revenue last year. Zinkgruvan, an underground mine southwest of Stockholm that has operated continuously since 1857, churned out 76,349 tons of zinc last year, according to the company. Neves-Corvo produced 108,812 tons of zinc as well as 33,823 tons of copper.
The firm is meanwhile pressing ahead on projects in South America. Its Josemaria project in Argentina, a vast copper and gold deposit in the Andes, will cost about $5 billion to build into a mine, according to Royal Bank of Canada. On Tuesday, it increased its stake in one of its Chilean copper mines, Caserones, from 51% to 70% in a $350 million deal.
The company has undergone a series of changes since the death of Swedish-Canadian founder Lukas Henrik Lundin in 2022. The firm…
