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Lundin Mining Updates Share Capital and Ramps Up 2026 Buybacks

Story Highlights
  • Lundin Mining reported 855.6 million shares outstanding after a small net increase from employee equity plans.
  • The company has repurchased about 1.5 million shares for US$42 million under its 2026 buyback program.
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Lundin Mining Updates Share Capital and Ramps Up 2026 Buybacks

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

Lundin Mining has updated its share capital, reporting 855,610,391 common shares with voting rights outstanding as of April 30, 2026, after a modest net increase driven by employee stock option exercises and share unit vesting, partially offset by buybacks. In line with its shareholder distribution policy to allocate up to US$150 million annually to repurchases under its normal course issuer bid, the company has already bought back 1,500,094 shares for about US$42 million in 2026, signaling ongoing capital returns while it pursues its copper‑focused growth strategy.

More about Lundin Mining

Lundin Mining is a Canadian base metals producer headquartered in Vancouver, operating three mines in Brazil and Chile and focusing on copper, gold, and silver. The company aims to become a top‑ten global copper producer by advancing major projects in the Vicuña District on the Argentina‑Chile border and leveraging its stakes in the Caserones‑adjacent Los Helados project for long‑term growth.

See more data about LUN stock on TipRanks’ Stock Analysis page.

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