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LUMI - Lundin Mining News Story

SEK98.3 -3.7  -3.6%

Last Trade - 14/05/21

Basic Materials
Large Cap
Market Cap £6.14bn
Enterprise Value £6.52bn
Revenue £1.66bn
Position in Universe 120th / 1832

BUZZ-Lundin Mining: Rises on plans to partially resume ops at Chapada mine

Wed 30th September, 2020 3:57pm
** Shares of Canadian miner  LUN.TO  up ~6% to C$7.48
    ** Company says it will resume partial processing at the
Chapada mine in Brazil within one week*:nCNWkKpt4a
    ** LUN expects to return to full capacity within 60 days
    ** Brokerage BMO raises PT on stock to C$12.75 from C$12.50,
which implies an upside of ~81% to stock's last close
    ** The plan envisions a return to production ahead of our
previous estimates and with less of an impact to production than
we had conservatively modeled - BMO
    ** Earlier in the week, company said processing activities
have been interrupted at Chapada due to power outage and
withdrew 2020 production and capex guidance for the mine*:nFWN2GO009
    ** LUN shares are down 3.61% YTD

 (Reporting by Lasya Priya M)
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