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Lundin Mining Rides Gold And Copper Rally To Near Record Revenue

November 11, 2024
x min read
Lundin Mining record revenue

Lundin Mining has ambitions of being one of the largest copper producers in the public markets. And they’re getting closer than ever.

What’s happening:

  • Lundin Mining (TSX: LUN) has hit a near all time record in revenue for their most recent quarter, led by their gold, copper and zinc production

By the numbers:

  • Lundin Mining generated $1.07B USD in total revenue in their most recent quarter
  • 47,000 ounces of gold were produced in their most recent quarter, as well as 99,855 tonnes of copper
  • Lundin Mining hit 46,610 tonnes of total zinc production
  • Lundin Mining also increased their equity stake in their Caserones copper-molybdenum mine from 51% to 70%

Why it matters:

  • Lundin Mining is quickly becoming one of the most important copper producers in the entire world, with majority ownership stakes in multiple high production copper mines globally

Going deeper:

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