Lundin Mining Corporation
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Franco-Nevada posts record revenues, income
With most major mining assets back up and running after COVID-related stoppages earlier this year, and amidst strong commodity prices, royalty company Franco-Nevada has reported record third-quarter financial results. These include new records in revenues recorded, at US$279.8 million, adjusted…
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RANKED: Top 10 lowest cost copper mines
The all-in sustaining cost (AISC) metric has been widely used in the mining industry since 2013 for its comprehensive and transparent look at an operation’s costs. According to data from Miningintelligence, Lundin Mining’s Chapada mine was the clear winner among global copper…
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Power outage damages equipment at Lundin’s Chapada mine in Brazil
Lundin Mining (TSX: LUN) has withdrawn its 2020 production, cash cost and capital expenditure guidance for its Chapada copper and gold mine in northern Brazil after a power outage caused damage to all four of the operation’s SAG and ball mill…
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GOLD-COPPER: Nomad to acquire royalty on Troilus gold project
QUEBEC – Newly formed royalty and streaming co. Nomad Royalty has entered into a royalty purchase agreement with a private vendor to acquire a 1% net smelter return (NSR) royalty on a portion of Troilus Gold’s Troilus Gold project for…
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COVID-19: Coronavirus impacts spread across mining sector
As the world seemingly moves into lockdown to halt the transmission of the novel COVID-19 virus, the uncertainty and restrictions on movement are taking a toll on markets and commodities. After initially benefiting from uncertainty around the virus and peaking…
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COPPER-GOLD: Lundin to pay $1B for Yamana’s Chapada mine in Brazil
TORONTO – Yamana Gold has agreed to sell its Chapada copper-gold mine to Lundin Mining in a deal said to be worth over $1.0 billion (all figures are U.S. dollars). The mine is located in Brazil’s Goias state and owned…
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Nevsun rejects $1.5B proposal from Euro Sun and Lundin Mining
Nevsun Resources (TSX: NSU; NYSE: NSU) is rejecting an unsolicited proposal by Euro Sun Mining (TSX: ESM) and Lundin Mining (TSX: LUN) that it says lacks adequate value and has a problematic structure. The mining company argues the cash and share proposal undervalues its high-grade…
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EQUIPMENT: Finning secures contract for Lundin’s Candelaria
CHILE – Finning International of Vancouver announced last week that its South American operation has been awarded a multi-year mining contract by Lundin Mining Corp. to deliver new equipment and product support to the Candelaria copper mining complex in the…
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BASE METALS: Lundin offers plans for next three years
TORONTO – Lundin Mining Corp. has provided new production guidance for the three-year period beginning in 2018. In 2020, the company expects to be producing as much as 201,000 tonnes of copper, 244,000 tonnes of zinc, and 16,000 tonnes of…
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TNM Data Miner: Largest global cobalt reserves in 2016
Using the IntelligenceMine database of our sister company Infomine, The Northern Miner compiled a list of the world’s five largest cobalt deposits in 2016, based on reserves. 1. Mutanda, Democratic Republic of the Congo Glencore’s Mutanda copper-cobalt mine in the Democratic Republic of the Congo…
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ZINC: Lundin completes Neves-Corvo expansion study
PORTUGAL – Lundin Mining Corp. of Toronto has completed a feasibility study for a 50% expansion program at its Neves-Corvo zinc mine in the Alentejo district. The €257 million project includes the installation of a new underground crusher and conveyor…
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Ecuador snapshot: 10 active companies
VANCOUVER — The Ecuadorian government restructured its mining and tax policies in 2014 in a bid to bring back foreign investment that had fled the country in previous years. The move has spurred a resurgence of mineral exploration and development…
