Lundin Mining Reports Anticipated Financial Adjustments for Q2 2025

Lundin Mining Corporation, a diversified Canadian base metals mining company, announced on July 17, 2025, that it is pre-announcing certain financial elements that will impact its earnings for the second quarter of 2025. The Vancouver-based company, listed on both the Toronto Stock Exchange (TSX: LUN) and Nasdaq Stockholm (LUMI), expects its revenue to be negatively influenced by unaudited provisional pricing adjustments from prior period concentrate sales, estimated at approximately $6 million on a pre-tax basis. These adjustments primarily reflect downward revisions related to copper sales, which have been somewhat offset by upward adjustments in gold sales.

In addition, Lundin Mining reported that it anticipates minimal realized foreign exchange losses and insignificant losses from derivatives during this period. However, the company expects to recognize certain non-cash items that will impact earnings but not adjusted EBITDA or adjusted earnings per share. This includes an unaudited pre-tax unrealized gain of about $11 million, attributed to the mark-to-market valuation of the company’s unexpired foreign exchange and commodity derivative contracts. This gain is primarily due to the strengthening of the Brazilian real (BRL) and Chilean peso (CLP) against the US dollar during the quarter, although it is partially offset by unrealized losses on gold derivative contracts.

The significance of these adjustments lies in how they might affect the company’s overall performance and investor confidence. Lundin Mining, which operates in Argentina, Brazil, Chile, and the United States, primarily produces copper, gold, and nickel. The company’s operational decisions and market conditions are critical, especially considering the volatility in global metal prices.

Lundin Mining is scheduled to release its detailed second quarter results after market close on August 6, 2025. A webcast and conference call will follow on August 7, 2025, at 7:00 AM PT (10:00 AM ET) to discuss the results with investors and analysts. Interested parties can participate by registering through the provided links.

The company emphasizes that these are non-GAAP measures and notes that such performance indicators lack standardized definitions under International Financial Reporting Standards (IFRS), making them not directly comparable to similar data from other mining companies. Lundin Mining advises stakeholders to refer to its Management’s Discussion and Analysis for the three months ended March 31, 2025, available on SEDAR+.

Lundin Mining's announcement serves as a reminder of the complexities and uncertainties in the mining sector, where prices for commodities fluctuate based on global supply-demand dynamics, geopolitical factors, and economic conditions. The company’s proactive communication regarding its financial status reflects its commitment to transparency, especially in light of the potential impact of external economic factors on its operations.

As the company navigates the second half of 2025, analysts and investors will be closely monitoring its performance metrics, market conditions, and the effectiveness of its risk management strategies in mitigating the impacts of pricing adjustments and currency fluctuations.