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Lundin Mining Secures $350M for Copper Mine Stake

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Lundin Mining Secures $350M for Copper Mine Stake

Lundin Mining (TSE:LUN) has released an update.

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Lundin Mining, a diversified Canadian metals mining company, has successfully closed a $350 million term loan, enhancing its stake in Lumina Copper to 70% and refinancing its $1.75 billion credit facility. The company has now secured a more robust financial position to support its ownership in the Caserones copper-molybdenum mine in Chile.

For further insights into TSE:LUN stock, check out TipRanks’ Stock Analysis page.

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