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LUMI - Lundin Mining News Story

SEK98.95 -2.2  -2.1%

Last Trade - 22/04/21

Sector
Basic Materials
Size
Large Cap
Market Cap £6.43bn
Enterprise Value £6.84bn
Revenue £1.47bn
Position in Universe 117th / 1829

Lundin Mining forecasts 2021 copper production to jump 25%

Tue 1st December, 2020 12:38am
Nov 30 (Reuters) - Canadian miner Lundin Mining Corp
 LUN.TO  on Monday forecast higher copper production for fiscal
year 2021, mainly driven by better grades at Candelaria in Chile
and uninterrupted full-year contribution from Brazilian mines of
Candelaria and Chapada.
    The outlook comes shortly after a collective agreement was
made with all unions representing employees at the Candelaria
mine who went on strike and suspended operations in October. 
 urn:newsml:reuters.com:*:nL4N2ID3K3
    Lundin revised 2020 outlook for Candelaria operations, and
now expects production to come between 120,000 tonnes and
125,000 tonnes, compared with previous forecast of 160,000
tonnes and 175,000 tonnes.  urn:newsml:reuters.com:*:nPrelg5la(https://bitly.com/)
    The Canadian miner sees 2021 copper production to increase
25% to between 275,000 tonnes and 299,000 tonnes, and added that
zinc production will increase 30% in 2022 as the Neves-Corvo
Zinc Expansion Project in Portugal could complete its ramp-up in
the first half of that year.    

 (Reporting by Arunima Kumar in Bengaluru, Editing by Sherry
Jacob-Phillips)
 ((Arunima.Kumar@thomsonreuters.com;))
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