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Lundin Mining ( (TSE:LUN) ) has issued an update.
Lundin Mining has announced an update on its share capital and buyback activities. The company has reduced its outstanding shares by 823,459 to 855,818,634 through its normal course issuer bid, spending approximately US$104 million on acquiring 12,629,000 common shares in 2025. This move is part of its shareholder distribution policy, which allocates up to US$150 million annually for share buybacks, reflecting a strategic effort to manage capital and potentially enhance shareholder value.
More about Lundin Mining
Lundin Mining is a diversified base metals mining company with operations or projects in Argentina, Brazil, Chile, and the United States, primarily producing copper, gold, and nickel.
Learn more about LUN stock on TipRanks’ Stock Analysis page.