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Lundin Mining ( (TSE:LUN) ) has shared an update.
Lundin Mining has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the company to repurchase up to 67,723,868 common shares over the next year. This move is part of Lundin Mining’s strategy to deliver shareholder returns through dividends and share buybacks, with a total annual allocation of approximately $220 million. The company aims to enhance its market position and provide value to its stakeholders through this balanced approach.
More about Lundin Mining
Lundin Mining is a Canadian mining company headquartered in Vancouver, Canada, with operations in Brazil, Chile, and the USA. The company focuses on producing commodities essential for modern infrastructure and electrification, with a strategic vision to become a top ten global copper producer. Lundin Mining is actively advancing projects in the Vicuña District on the Argentina-Chile border and is committed to safety, sustainability, and delivering long-term value for stakeholders.
See more data about LUN stock on TipRanks’ Stock Analysis page.