VANCOUVER, BC, Nov. 6, 2024
/CNW/ - (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining
Corporation ("Lundin Mining" or the "Company") today
announced that its Board of Directors has declared a regular
quarterly dividend of Canadian Dollars ("CAD") $0.09 per share, payable on December 11, 2024, to shareholders of record at
the close of business on November 29,
2024. The first day of trading without dividend
("ex-dividend date") will be November 29,
2024, for shares traded on TSX. For shares traded on Nasdaq
Stockholm, the ex-dividend date will be November 28, 2024. This dividend qualifies as an
'eligible dividend' for Canadian income tax purposes. The
declaration, timing, amount and payment of future dividends remain
at the discretion of the Board of Directors. View PDF version
Dividends on shares traded on the Toronto Stock Exchange ("TSX")
will be paid in CAD on December 11,
2024. Dividends on shares traded on Nasdaq Stockholm will be
paid in Swedish kronor in accordance with Euroclear principles on
December 16, 2024. To execute the
payment of the dividend, a temporary administrative cross-border
transfer closure will be applied by Euroclear from November 27, 2024 up to and including
November 29, 2024 during which period
shares of the Company cannot be transferred between TSX and Nasdaq
Stockholm.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining
company with projects and operations in Argentina, Brazil, Chile, Portugal, Sweden and the
United States of America, primarily producing copper, zinc,
nickel and gold.
The information in this release is subject to the disclosure
requirements of Lundin Mining under the EU Market Abuse Regulation.
The information was submitted for publication, through the agency
of the contact persons set out below on November 6, 2024 at 14:25 Vancouver Time.
Cautionary Statement on Forward-Looking Information
Certain of the statements made and information contained
herein are "forward-looking information" within the meaning of
applicable Canadian securities laws. All statements other than
statements of historical facts included in this document constitute
forward-looking information, including but not limited to
statements regarding the Company's plans, prospects and business
strategies; the Company's guidance on the timing and amount of
future production and its expectations regarding the results of
operations; expected costs; permitting requirements and timelines;
timing and possible outcome of pending litigation; the results of
any Preliminary Economic Assessment, Pre-Feasibility Study,
Feasibility Study, or Mineral Resource and Mineral Reserve
estimations, life of mine estimates, and mine and mine closure
plans; anticipated market prices of metals, currency exchange rates
and interest rates; the development and implementation of the
Company's Responsible Mining Management System; the Company's
ability to comply with contractual and permitting or other
regulatory requirements; anticipated exploration and development
activities at the Company's projects; expansion projects and the
realization of additional value; expectations regarding, including
the ability and timing to complete, the acquisition of Filo Corp.
and the establishment and operation of a 50/50 joint arrangement
with BHP and the anticipated project development and other plans
and expectations with respect to such acquisition and joint
arrangement; the Company's integration of acquisitions and
expansions and any anticipated benefits thereof; and expectations
for other economic, business, and/or competitive factors. Words
such as "believe", "expect", "anticipate", "contemplate", "target",
"plan", "goal", "aim", "intend", "continue", "budget", "estimate",
"may", "will", "can", "could", "should", "schedule" and similar
expressions identify forward-looking information.
Forward-looking information is necessarily based upon various
estimates and assumptions including, without limitation, the
expectations and beliefs of management, including that the Company
can access financing, appropriate equipment and sufficient labour;
assumed and future price of copper, zinc, gold, nickel and other
metals; anticipated costs; ability to achieve goals; the prompt and
effective integration of acquisitions, including the completion of
the acquisition of Filo Corp., the establishment of the 50/50 joint
arrangement with BHP and the realization of synergies and economies
of scale in connection therewith; that the political environment in
which the Company operates will continue to support the development
and operation of mining projects; and assumptions related to the
factors set forth below. While these factors and assumptions are
considered reasonable by Lundin Mining as at the date of this
document in light of management's experience and perception of
current conditions and expected developments, these statements are
inherently subject to significant business, economic and
competitive uncertainties and contingencies. Known and unknown
factors could cause actual results to differ materially from those
projected in the forward-looking information and undue reliance
should not be placed on such information. Such factors include, but
are not limited to: global financial conditions, market volatility
and inflation, including pricing and availability of key supplies
and services; risks inherent in mining including but not limited to
risks to the environment, industrial accidents, catastrophic
equipment failures, unusual or unexpected geological formations or
unstable ground conditions, and natural phenomena such as
earthquakes, flooding or unusually severe weather; uninsurable
risks; volatility and fluctuations in metal and commodity demand
and prices; significant reliance on assets in Chile; reputation risks related to negative
publicity with respect to the Company or the mining industry in
general; delays or the inability to obtain, retain or comply with
permits; risks relating to the development of the Josemaria
Project; health and safety laws and regulations; risks associated
with climate change; risks relating to indebtedness; economic,
political and social instability and mining regime changes in the
Company's operating jurisdictions, including but not limited to
those related to permitting and approvals, nationalization or
expropriation without fair compensation, environmental and tailings
management, labour, trade relations, and transportation; inability
to attract and retain highly skilled employees; risks inherent in
and/or associated with operating in foreign countries and emerging
markets, including with respect to foreign exchange and capital
controls; project financing risks, liquidity risks and limited
financial resources; health and safety risks; compliance with
environmental, unavailable or inaccessible infrastructure,
infrastructure failures, and risks related to ageing
infrastructure; changing taxation regimes; the inability to
effectively compete in the industry; the inability to currently
control Filo Corp. and the ability to satisfy the relevant
conditions and complete the acquisition of Filo Corp. and establish
the 50/50 joint arrangement with BHP on the proposed terms and
schedule; risks associated with acquisitions, expansions and
related integration efforts, including the ability to achieve
anticipated benefits, unanticipated difficulties or expenditures
relating to integration and diversion of management time on
integration; risks related to mine closure activities, reclamation
obligations, environmental liabilities and closed and historical
sites; reliance on key personnel and reporting and oversight
systems, as well as third parties and consultants in foreign
jurisdictions; information technology and cybersecurity risks;
risks associated with the estimation of Mineral Resources and
Mineral Reserves and the geology, grade and continuity of mineral
deposits including but not limited to models relating thereto;
actual ore mined and/or metal recoveries varying from Mineral
Resource and Mineral Reserve estimates, estimates of grade,
tonnage, dilution, mine plans and metallurgical and other
characteristics; ore processing efficiency; community and
stakeholder opposition; regulatory investigations, enforcement,
sanctions and/or related or other litigation; financial
projections, including estimates of future expenditures and cash
costs, and estimates of future production may not be reliable;
enforcing legal rights in foreign jurisdictions; risks associated
with the use of derivatives; risks relating to joint ventures,
joint arrangements and operations; environmental and regulatory
risks associated with the structural stability of waste rock dumps
or tailings storage facilities; exchange rate fluctuations;
compliance with foreign laws; potential for the allegation of
fraud and corruption involving the Company, its
customers, suppliers or employees, or the allegation of improper or
discriminatory employment practices, or human rights violations;
risks relating to dilution; risks relating to payment of dividends;
counterparty and customer concentration risks; activist
shareholders and proxy solicitation matters; estimation of asset
carrying values; relationships with employees and contractors, and
the potential for and effects of labour disputes or other
unanticipated difficulties with or shortages of labour or
interruptions in production; conflicts of interest; existence of
significant shareholders; challenges or defects in title; internal
controls; risks relating to minor elements contained in concentrate
products; the threat associated with outbreaks of viruses and
infectious diseases; mining rates and rehabilitation projects; mill
shut downs; and other risks and uncertainties, including but not
limited to those described in the "Risks and Uncertainties" section
of the Company's MD&A for the three and nine months ended
September 30, 2024 and the "Risks and
Uncertainties" section of the Company's Annual Information Form for
the year ended December 31, 2023,
which are available on SEDAR+ at www.sedarplus.com under the
Company's profile.
All of the forward-looking information in this document are
qualified by these cautionary statements. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated, forecasted or intended
and readers are cautioned that the foregoing list is not exhaustive
of all factors and assumptions which may have been used. Should one
or more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those described in forward-looking information.
Accordingly, there can be no assurance that forward-looking
information will prove to be accurate and forward-looking
information is not a guarantee of future performance. Readers are
advised not to place undue reliance on forward-looking information.
The forward-looking information contained herein speaks only as of
the date of this document. The Company disclaims any intention or
obligation to update or revise forward‐looking information or to
explain any material difference between such and subsequent actual
events, except as required by applicable law.
SOURCE Lundin Mining Corporation
