Canada's Lundin Mining Q4 revenue hits $1.3 bln

Lundin Mining

20/02/2026 24:40

Overview

Canada mining firm's Q4 revenue reached $1.3 bln, achieving record annual revenue of $4.1 bln

Adjusted EBITDA for Q4 was $686 mln

In 2025, company repurchased over 15 mln shares, enhancing shareholder returns

Outlook

Lundin Mining forecasts 2026 copper production between 310,000 and 335,000 tonnes

Company expects 2026 copper cash cost to be $1.90/lb to $2.10/lb

Lundin Mining plans $995 mln in capital expenditures for 2026

Result Drivers

RECORD REVENUE - Lundin Mining achieved record revenue in 2025, benefitted from higher realized copper and gold prices

GROWTH INITIATIVES - Co advanced growth initiatives, including Vicuña project development and improved cathode production at Caserones

ASSET PORTFOLIO ENHANCEMENT - Co completed major transactions in 2025 to improve asset portfolio and financial position

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$1.30 bln
Q4 Adjusted EPS
$0.43
Q4 EPS
$0.89
Q4 Net Income
$659.90 mln
Q4 Adjusted EBITDA
$686 mln
Q4 Free Cash Flow
$355.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the diversified mining peer group is "buy"

Wall Street's median 12-month price target for Lundin Mining Corp is C$36.40, about 2.1% above its February 19 closing price of C$35.66

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nCNWyXlHXa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)