Lundin Mining Corporation
Price History
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About Lundin Mining Corporation
Lundin Mining Corporation (LUNMF) is a copper mining company. Our project database tracks 18 projects for Lundin Mining Corporation with technical and economic data extracted from company filings. Its flagship Vicuña District (PEA) carries an after-tax NPV of $9.50B and an IRR of 14.8% over a 70-year mine life.
Overview
Lundin Mining Corporation is a diversified Canadian base metals mining company with operations in Chile, Brazil, Sweden, Portugal, and the United States. The company produces copper, zinc, gold, and nickel from its portfolio of mines and has a strong track record of operational excellence and disciplined growth. Lundin Mining focuses on politically stable jurisdictions with strong ESG credentials.
Operations
Lundin operates the Candelaria copper-gold mine in Chile, Chapada copper-gold mine in Brazil, Neves-Corvo copper-zinc mine in Portugal, Zinkgruvan zinc-copper-lead mine in Sweden, and Eagle nickel-copper mine in Michigan. The company produces approximately 250,000 tonnes of copper equivalent annually. All operations are located in jurisdictions with established mining codes and infrastructure.
Strategy
The company's strategy emphasizes producing responsibly with industry-leading ESG performance, growing sustainably through brownfield expansions and selective acquisitions, optimizing operations for maximum value, maintaining a strong balance sheet for financial flexibility, and delivering sustainable returns to shareholders. Lundin focuses on copper, zinc, and nickel as strategic metals.
Key Projects
Growth projects include the Josemaria copper-gold project in Argentina (one of the world's largest undeveloped copper projects), NX Expansion at Candelaria, potential expansions at Neves-Corvo and Chapada, and continued exploration success at Candelaria North. Lundin has set ambitious climate targets including net-zero Scope 1 and 2 emissions by 2040.
Primary Commodities
Project Economics
Caserones
- Mineral Reserves
- 2,377 kt Cu (P&P)
- Mineral Resources
- 3,600 kt Cu (M+I)
Chapada
- Mineral Reserves
- 1,233 kt Cu, 2.2 Moz Au (P&P)
- Mineral Resources
- 2,935 kt Cu, 5.0 Moz Au (M+I)
Candelaria
- Mineral Reserves
- 2,736 kt Cu (P&P)
- Mineral Resources
- 7,499 kt Cu (M+I)
Vicuña Project
Vicuña District - Peak 10-Year Average
Vicuña District (Josemaria & Filo del Sol)
- Mineral Resources
- M&I: 14.3 Mt Cu, 36.1 Moz Au, 729 Moz Ag; Inferred: 32.3 Mt Cu, 61.3 Moz Au, 1,051 Moz Ag (100% basis)
Vicuña District
- Mineral Resources
- M&I: 14.3 Mt Cu, 36.1 Moz Au, 729 Moz Ag; Inferred: 32.3 Mt Cu, 61.3 Moz Au, 1,051 Moz Ag
Filo del Sol - Sulphide
- Mineral Resources
- Indicated: 1,192 Mt @ 0.54% Cu, 0.39 g/t Au, 8.1 g/t Ag containing 6,452 kt Cu, 14.8 Moz Au, 311 Moz Ag; Inferred: 6,080 Mt @ 0.37% Cu, 0.20 g/t Au, 3.2 g/t Ag containing 22,643 kt Cu, 38.9 Moz Au, 631 Moz Ag; CuEq 0.83% (Indicated)
Filo del Sol - Sulphide High-Grade Core
- Mineral Resources
- Indicated: 606 Mt @ 1.14% CuEq, 0.74% Cu, 0.49 g/t Au, 13.3 g/t Ag containing 4,503 kt Cu, 9.6 Moz Au, 259 Moz Ag; Inferred: 861 Mt @ 0.90% CuEq, 0.66% Cu, 0.35 g/t Au, 4.8 g/t Ag containing 5,662 kt Cu, 9.6 Moz Au, 132 Moz Ag (0.75% CuEq cut-off)
Josemaria
- Mineral Resources
- Josemaria M&I: 1,646 Mt @ 0.28% Cu, 0.19 g/t Au, 1.1 g/t Ag; Inferred: 736 Mt @ 0.22% Cu, 0.11 g/t Au, 1.0 g/t Ag
Josemaria - High-Grade Core
- Mineral Resources
- Measured: 161 Mt @ 0.74% CuEq, 0.50% Cu, 0.39 g/t Au, 1.7 g/t Ag containing 807 kt Cu, 2.0 Moz Au, 9.0 Moz Ag; Indicated: 35 Mt @ 0.68% CuEq, 0.49% Cu, 0.31 g/t Au, 1.7 g/t Ag containing 171 kt Cu, 0.4 Moz Au, 2.0 Moz Ag; M&I: 196 Mt @ 0.73% CuEq, 0.50% Cu, 0.38 g/t Au, 1.7 g/t Ag containing 978 kt Cu, 2.4 Moz Au, 11 Moz Ag; Inferred: 5 Mt @ 0.66% CuEq, 0.46% Cu, 0.32 g/t Au, 2.2 g/t Ag containing 24 kt Cu, 0.1 Moz Au, 0.0 Moz Ag (0.60% CuEq cut-off)
Filo del Sol - Silver Oxide
- Mineral Resources
- Indicated: 77 Mt @ 0.34% Cu, 0.37 g/t Au, 90.7 g/t Ag containing 259 kt Cu, 0.9 Moz Au, 225 Moz Ag; Inferred: 72 Mt @ 0.10% Cu, 0.17 g/t Au, 26.1 g/t Ag containing 71 kt Cu, 0.4 Moz Au, 60 Moz Ag
Filo del Sol - High-Grade Oxide Core
- Mineral Resources
- Indicated: 181 Mt @ 1.05% CuEq, 0.50% Cu, 0.39 g/t Au, 39.6 g/t Ag containing 911 kt Cu, 2.3 Moz Au, 230 Moz Ag; Inferred: 29 Mt @ 0.76% CuEq, 0.43% Cu, 0.32 g/t Au, 18.5 g/t Ag containing 124 kt Cu, 0.3 Moz Au, 17 Moz Ag (0.60% CuEq cut-off)
Filo del Sol - Gold Oxide
- Mineral Resources
- Indicated: 288 Mt @ 0.29 g/t Au, 3.1 g/t Ag containing 2.7 Moz Au, 29 Moz Ag; Inferred: 673 Mt @ 0.21 g/t Au, 3.3 g/t Ag containing 4.5 Moz Au, 72 Moz Ag
Vicuña District (Filo del Sol & Josemaria)
- Mineral Resources
- Vicuña District M&I: 3,638 Mt @ 0.35% Cu, 0.27 g/t Au, 5.6 g/t Ag; Inferred: 7,895 Mt @ 0.32% Cu, 0.19 g/t Au, 3.2 g/t Ag
Filo del Sol - Copper Oxide
- Mineral Resources
- Indicated: 434 Mt @ 0.34% Cu, 0.28 g/t Au, 2.5 g/t Ag containing 1,483 kt Cu, 3.9 Moz Au, 35 Moz Ag; Inferred: 331 Mt @ 0.25% Cu, 0.21 g/t Au, 2.1 g/t Ag containing 838 kt Cu, 2.3 Moz Au, 22 Moz Ag
Filo del Sol
- Mineral Resources
- Filo del Sol Sulphides M&I: 1,192 Mt @ 0.54% Cu, 0.39 g/t Au, 8.1 g/t Ag; Inferred: 6,080 Mt @ 0.37% Cu, 0.20 g/t Au, 3.2 g/t Ag
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
Financial Metrics
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Frequently Asked Questions
- What does Lundin Mining Corporation mine?
- Lundin Mining Corporation is focused on Copper, Zinc, Nickel.
- What is the economic value of Lundin Mining Corporation's Vicuña District?
- According to its PEA, Vicuña District has an after-tax NPV of $9.50B and an IRR of 14.8%.
- How many projects does Lundin Mining Corporation have?
- We track 18 projects with extracted technical and economic data for Lundin Mining Corporation.
Press Releases
Is It Too Late To Consider Lundin Mining (TSX:LUN) After Its 203% One-Year Surge?
If you are wondering whether Lundin Mining at C$42.29 is still offering value after its strong run, it helps to step back and look at what the numbers are actually saying about the stock. The share price has recorded returns of 6.7% over the past week, 25.9% over the past month, 42.3% year to date and 202.9% over the last year, which naturally raises questions about how much of the story is already priced in. Recent coverage around Lundin Mining has focused on its position in the materials...
Lundin Mining Announces Updated Share Capital, Provides Update on Share Buybacks and Announces Filing of ESTMA Report
(TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act.
Lundin Mining Adds Pan American CEO As Valuation Questions Linger
Lundin Mining (TSX:LUN) has appointed Michael Steinmann, CEO of Pan American Silver, to its Board of Directors. Steinmann brings experience in mine construction, corporate planning, and sustainability oversight across base and precious metals operations, including in South America. Lundin Mining shares recently closed at CA$38.65, with the stock up 4.0% over the past week and 30.1% year to date. Over the past year the share price has risen significantly and over five years the return has...
Lundin Mining's (TSE:LUN) Earnings Are Of Questionable Quality
Lundin Mining Corporation ( TSE:LUN ) just reported some strong earnings, and the market reacted accordingly with a...
Does Lundin Mining’s Q1 Earnings Beat And Profit Jump Change The Bull Case For Lundin Mining (TSX:LUN)?
Lundin Mining Corporation recently reported first-quarter 2026 results, with sales rising to US$1,158.8 million and net income to US$281.4 million, driving basic earnings per share from continuing operations to US$0.33. The company also extended its track record of outperforming analyst expectations, as both earnings and revenue surpassed consensus estimates for a fourth consecutive quarter. With this earnings beat and stronger profitability now on the table, we’ll examine how it may reshape...
How The Lundin Mining (TSX:LUN) Story Is Shifting With New Targets And Risk Views
Lundin Mining’s updated fair value estimate of C$39.06, compared with the prior C$38.90, comes alongside a wide range of Street price targets on both its Canadian and Swedish listings. Those targets span C$26 to C$45 and up to SEK 221 at the high end before cuts, reflecting different views on how current pricing lines up with risk and earnings potential. Ahead, you will see how to track these shifting targets and use them to follow the evolving analyst narrative around the stock. Stay updated...
Lundin Mining Announces Annual Meeting Voting Results and Welcomes Michael Steinmann to the Board of Directors
(TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") today announced the voting results from its 2026 Annual Meeting of Shareholders (the "Meeting"). A total of 725,237,597 common shares were voted at the Meeting, representing 84.85% of the votes attached to all outstanding common shares as of the record date of March 9, 2026. Shareholders voted in accordance with the Company's recommendations on all items of business considered at the Meeting, as foll
Lundin Mining Maintained at Buy at Stifel Canada Following Q1 Results; Price Target Kept at C$40.00
Stifel Canada on Thursday reiterated its buy rating on the shares of Lundin Mining (LUN.TO) and its
Lundin Mining (LUNMF) Q1 Earnings and Revenues Surpass Estimates
Lundin (LUNMF) delivered earnings and revenue surprises of +5.84% and +3.67%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Lundin Mining Reports First Quarter 2026 Results
(TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") today reported its first quarter 2026 financial results. Unless otherwise stated, results are from continuing operations and presented in US dollars on a 100% basis. View PDF version
Quick Facts
- Ticker Symbol
- LUNMF
- Market Cap
- Mid Cap
- Category
- Copper
- Commodities
- Copper, Zinc, Nickel
- Headquarters
- Toronto, Canada
- Founded
- 1994
- Employees
- ~5,300
Operating Countries
Producing Assets
- •Candelaria (Chile)
- •Chapada (Brazil)
- •Eagle (USA)
- •Neves-Corvo (Portugal)
- •Zinkgruvan (Sweden)
Development Assets
- •Josemaria (Argentina)
- •Candelaria NX Expansion (Chile)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.