| 2010-07-28 |
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| 2010-05-03 |
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| 2010-04-29 |
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| 2010-04-29 |
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| 2010-02-25 |
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| 2009-10-29 |
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| 2009-08-06 |
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| Toronto, August 6, 2009 (TSX: LUN; OMX: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) today reported unaudited net income for the quarter of $43.5 million, or $0.08 per share. Operating earnings were $91.0 million, down from $137.2 million in the second quarter of 2008. Cash flow from operations during the quarter was $63.7 million, compared to $118.3 million in the second quarter of 2008.
(For table see attached file)
Commenting on the quarter, Mr. Phil Wright, President and CEO said, “We have seen a strong rebound from the low point last quarter with measures taken to improve performance and reduce cost paying off.
“Net income and cash flow are substantially improved from last quarter and our wholly-owned operations are well ahead of our internal expectations.
“Tenke reached another important milestone, with first sales recorded during the quarter. Sales of 12,000 tonnes of copper were recorded with production of approximately 16,000 tonnes. Our partner, and Tenke operator, Freeport McMoRan Copper and Gold, continues to deliver on the project timelines and we expect full production in the second half, providing substantial cash flows from operations at current copper and cobalt prices.”
Commenting on the outlook Mr. Wright said, “We remain cautious in the short-term with a continued focus on tight expenditure controls. In the medium to longer term, supply constraints are expected to emerge with the potential for base metal prices to move significantly higher.”
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| 2009-05-07 |
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| 2009-02-26 |
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