VANCOUVER, BC, Feb. 19,
2025 /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
April 9, 2025, to shareholders
of record at the close of business on March 21, 2025. 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
Dividends on shares traded on the Toronto Stock Exchange ("TSX")
will be paid in CAD on April 9,
2024. Dividends on shares traded on Nasdaq Stockholm
will be paid in Swedish kronor in accordance with Euroclear
principles on April 14, 2024.
To execute the payment of the dividend, a temporary administrative
cross-border transfer closure will be applied by Euroclear from
March 19, 2024, up to and
including March 21, 2024,
during which period shares of the Company cannot be transferred
between TSX and Nasdaq Stockholm.
During the fourth quarter 2024, the Company purchased 3,245,000
common shares under its normal course issuer bid ("NCIB")
representing approximately C$40
million. The Company will continue to monitor market
activity and potentially make further purchases based on market
conditions, share price and best use of available cash. Any common
shares that are purchased under the NCIB will be cancelled.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining
company with operations or projects in Argentina, Brazil, Chile, and the
United States of America, primarily producing copper, gold
and nickel. In December 2024 the
Company announced the sale of its European assets to Boliden. The
transaction is expected to close in mid-2025 subject to customary
conditions and regulatory approvals.
The information in this release is subject to the disclosure
requirements of Lundin Mining under the Swedish Financial
Instruments Trading Act. The information was submitted for
publication, through the agency of the contact persons set out
below on February 19, 2025 at
18:30 Pacific 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; the Company's integration of
acquisitions and expansions and any anticipated benefits thereof,
including the anticipated project development and other plans and
expectations with respect to the 50/50 joint arrangement with BHP;
the timing and completion of the sale of the Company's European
assets; 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, gold, zinc, nickel and other
metals; anticipated costs; ability to achieve goals; the prompt and
effective integration of acquisitions 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,
such information is 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: dependence on international market
prices and demand for the metals that the Company produces;
political, economic, and regulatory uncertainty in 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; risks relating to mine closure
and reclamation obligations; health and safety hazards; inherent
risks of mining, not all of which related risk events are
insurable; risks relating to tailings and waste management
facilities; risks relating to the Company's indebtedness;
challenges and conflicts that may arise in partnerships and joint
operations; risks relating to development projects; risks that
revenue may be significantly impacted in the event of any
production stoppages or reputational damage in Chile; the impact of global financial
conditions, market volatility and inflation; business interruptions
caused by critical infrastructure failures; challenges of effective
water management; exposure to greater foreign exchange and capital
controls, as well as political, social and economic risks as a
result of the Company's operation in emerging markets; risks
relating to stakeholder opposition to continued operation, further
development, or new development of the Company's projects and
mines; any breach or failure information systems; risks relating to
reliance on estimates of future production; risks relating to
litigation and administrative proceedings which the Company may be
subject to from time to time; risks relating to acquisitions or
business arrangements; risks relating to competition in the
industry; failure to comply with existing or new laws or changes in
laws; challenges or defects in title or termination of mining or
exploitation concessions; the exclusive jurisdiction of foreign
courts; the outbreak of infectious diseases or viruses; risks
relating to taxation changes; receipt of and ability to maintain
all permits that are required for operation; minor elements
contained in concentrate products; changes in the relationship with
its employees and contractors; the Company's Mineral Reserves and
Mineral Resources which are estimates only; payment of dividends in
the future; compliance with environmental, health and safety laws
and regulations, including changes to such laws or regulations;
interests of significant shareholders of the Company; asset values
being subject to impairment charges; potential for conflicts of
interest and public association with other Lundin Group companies
or entities; activist shareholders and proxy solicitation firms;
risks associated with climate change; the Company's common shares
being subject to dilution; ability to attract and retain highly
skilled employees; reliance on key personnel and reporting and
oversight systems; risks relating to the Company's internal
controls; counterparty and customer concentration risk; risks
associated with the use of derivatives; exchange rate fluctuations;
the completion of the sale of the Company's European assets; 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 year ended December 31,
2024 and the "Risks and Uncertainties" section of the
Company's Annual Information Form for the year ended December 31, 2024, which are available on SEDAR+
at www.sedarplus.ca 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
