Canada's Lundin Mining Q4 revenue hits $1.3 bln

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

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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