Thursday, September 18, 2025

Latest

Lundin Mining Reports Measured & Indicated Resource Of 10.5 Million Copper Tonnes

Lundin Mining Corporation (TSX: LUN) shared yesterday morning the results of its mineral resource and mineral reserve estimate for its attributable properties effective June 30, 2021. The report includes measured & indicated resources of 10.5 million copper tonnes.

The estimates are calculated based on the mining firm’s equity ownership of the properties. It holds 80% interest in the Candelaria mine while it owns 100% of the Chapada, Neves-Corvo, Semblana, and Zinkgruvan.

The report also includes measured & indicated resources of 6.9 million zinc tonnes, 2.0 million lead tonnes, 11.8 million gold ounces, 340 million silver ounces, and 83 thousand nickel tonnes.

On the other hand, proven & probable mineral reserve estimate comprises 5.3 million copper tonnes, 2.8 million zinc tonnes, 0.9 million lead tonnes, 6.6 million gold ounces, 138 million silver ounces, and 77 thousand nickel tonnes.

On August 19, BMO Capital Markets lowered their 12-month price target on the company to $14.50 from $16 and downgraded their recommendation to market ‘perform’ from ‘outperform’.

Lundin Mining last traded at $9.73 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why $10K Gold No Longer Sounds Crazy | Dan Wilton – First Mining Gold

The Pure Silver Set Up! | Joaquin Marias – Argenta Silver Corp

Why $30,000 Gold Isn’t Crazy! | Simon Marcotte – Northern Superior

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Lundin Mining: BMO Sees Estimates Missed In Q3 Results

On October 27, Lundin Gold Inc. (TSX: LUG) reported their third quarter 2021 results, the...

Saturday, October 30, 2021, 01:16:00 PM

Lundin Mining Doubles Net Earnings In Q1 2025 As Free Cash Flow Turns Negative

Lundin Mining (TSX: LUN) posted its earnings for the first quarter of 2025, with revenue...

Thursday, May 8, 2025, 10:29:00 AM

Lundin Mining Suffers Fatality At Neves-Corvo, Indefinite Processing Halt At Chapada Over Weekend

Lundin Mining Corp (TSX: LUN) arguably had a terrible weekend of news releases. The hits...

Monday, September 28, 2020, 08:01:00 AM

Analysts Downgrade Lundin Mining En Masse After Guidance Update

On November 30th, Lundin Mining (TSX: LUN) provided their long-awaited three-year production guidance for 2021...

Wednesday, December 2, 2020, 12:24:00 PM

Lundin Mining: BMO Resumes Coverage, Gifts Lift To Price Target

Last week Lundin Mining Corporation (TSX: LUN) announced that it closed its acquisition of Josemaria...

Monday, May 2, 2022, 04:35:00 PM