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Lundin Mining (TSE:LUN)
TSX:LUN
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.19Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 8.65%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
Lundin Mining had a strong year with record production in copper and zinc, strategic acquisitions, and financial performance. Despite some operational challenges and non-cash impairments, the company's growth trajectory and strategic initiatives position it well for future success.Company Guidance
The conference call for Lundin Mining's fourth quarter and full-year 2024 results highlighted a series of significant metrics and developments. The company achieved record copper and zinc production, with annual copper output reaching 369,072 tons and zinc production at 191,704 tons. Financially, Lundin Mining reported a full-year adjusted EBITDA of $1.7 billion, with $1.46 billion from continuing operations, and generated free cash flow from operations of $873 million. The company increased its ownership in the Caserones mine to 70%, contributing nearly 24,000 tons of annualized attributable copper production at a cost of approximately $14,500 per ton. Additionally, Lundin Mining announced a $3 billion acquisition of Filo Corp, forming a joint venture with BHP called Vicuna Corp, and sold its Neves-Corvo and Zinkgruvan assets for up to $1.52 billion. This strategic realignment is aimed at focusing on the Vicuna district's growth potential, with Vicuna targeting new mineral resource estimates in the first half of 2025. The company also returned $227 million to shareholders through dividends and buybacks, including purchasing 3.3 million shares under its NCIB program.Record Copper and Zinc Production
Lundin Mining achieved record copper production of 369,072 tons and zinc production of 191,704 tons in 2024.
Strategic Acquisition and Joint Venture
Increased ownership in the Caserones mine from 51% to 70%, contributing 24,000 tons of annualized copper production. Formed a joint venture with BHP to integrate Filo del Sol and Josemaria projects, targeting to become a top-tier copper producer.
Strong Financial Performance
Generated adjusted EBITDA of $1.7 billion and free cash flow from operations of $873 million in 2024.
Portfolio Optimization and Asset Sales
Sold Neves-Corvo and Zinkgruvan to Boliden for up to $1.52 billion, streamlining operations and strengthening the balance sheet.
Dividend and Buyback Program
Returned $227 million to shareholders through dividends and buybacks, including purchasing 3.3 million shares in December.
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TSE:LUN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:LUN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | C$12.22 | C$12.71 | +3.98% |
| Nov 06, 2024 | C$13.46 | C$14.25 | +5.86% |
| Jul 30, 2024 | C$13.59 | C$13.66 | +0.51% |
| May 01, 2024 | C$14.96 | C$14.65 | -2.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lundin Mining (TSE:LUN) report earnings?
Lundin Mining (TSE:LUN) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Lundin Mining (TSE:LUN) earnings time?
Lundin Mining (TSE:LUN) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:LUN EPS forecast?
TSE:LUN EPS forecast for the fiscal quarter 2025 (Q1) is 0.19.
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