The earnings call reflected a strong financial and operational performance, with significant debt reduction, increased production, and cost efficiency. The company also made notable progress on sustainability goals and safety performance. However, challenges such as unplanned downtime at Caserones, potential CapEx phasing issues, and dividend adjustments were acknowledged.

Company Guidance

During the Lundin Mining Q2 2025 conference call, the company provided extensive guidance on its financial and operational outlook. They reported copper production of 80,000 tons for the quarter and 157,000 tons for the first half, keeping them on track to meet the annual guidance of 303,000 to 330,000 tons. Gold production increased to 38,100 ounces this quarter, positioning them well to achieve the annual guidance of 135,000 to 150,000 ounces. The consolidated copper cash cost for the quarter was $1.92 per pound, below the revised guidance range of $1.95 to $2.15. The sale of two European mines generated $1.4 billion, reducing net debt to $135 million. The Vicuña project was highlighted as a significant growth opportunity, with mineral resources containing 38 million tons of copper, over 80 million ounces of gold, and nearly 1.4 billion ounces of silver. Full-year capital expenditure guidance has been revised to $795 million, reflecting increased investment in Vicuña. The company maintained a strong focus on sustainability, achieving its 2030 Scope 1 and Scope 2 emissions targets. Revenue for the quarter was close to $937 million, with copper accounting for 82% of the revenue mix. The guidance reaffirmed a shareholder distribution target of approximately $220 million annually, combining dividends and share buybacks.

Strong Financial Performance

The company reported close to $1 billion in revenue, supported by strong gold and copper prices, $395 million in adjusted EBITDA, and $277 million in adjusted operating cash flow.

Significant Debt Reduction

The sale of European mines generated $1.4 billion, which was used to fully repay and cancel the Caserones term loan, substantially reducing net debt to $135 million by the end of Q2.

Increased Production and Cost Efficiency

Copper production for the quarter was 80,000 tons, with a consolidated cost of $1.92 per pound, below the revised guidance range, supported by strong by-product credits and gold prices.

Progress on Sustainability Goals

Achieved 2030 Scope 1 and Scope 2 emissions targets ahead of schedule, with Candelaria purchasing 100% of its electricity from renewable sources in 2024.

Strong Safety Performance

Reported the lowest Total Recordable Injury Frequency rate in 10 years at 0.33, with no major injuries in the first half of the year.

Lundin Mining (TSE:LUN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:LUN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.21 / -	0.124	―	―	―
Aug 06, 2025	2025 (Q2)	0.17 / 0.17	0.221	-25.00% (-0.06)
May 07, 2025	2025 (Q1)	0.18 / 0.15	0.083	83.33% (+0.07)
Feb 20, 2025	2024 (Q4)	0.22 / 0.21	0.138	50.00% (+0.07)
Nov 06, 2024	2024 (Q3)	0.21 / 0.12	0.152	-18.18% (-0.03)
Jul 30, 2024	2024 (Q2)	0.29 / 0.22	0.028	700.00% (+0.19)
May 01, 2024	2024 (Q1)	0.10 / 0.08	0.221	-62.50% (-0.14)
Feb 21, 2024	2023 (Q4)	0.18 / 0.14	0.345	-60.00% (-0.21)
Nov 01, 2023	2023 (Q3)	0.16 / 0.15	0.055	175.00% (+0.10)
Aug 02, 2023	2023 (Q2)	0.06 / 0.03	-0.069	140.00% (+0.10)

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

TSE:LUN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	C$14.41	C$14.16	-1.73%
May 07, 2025	C$11.82	C$11.65	-1.43%
Feb 20, 2025	C$12.20	C$12.69	+3.98%
Nov 06, 2024	C$13.44	C$14.23	+5.86%

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.

FAQ

When does Lundin Mining (TSE:LUN) report earnings?

Lundin Mining (TSE:LUN) is schdueled to report earning on Nov 05, 2025, TBA (Confirmed).

What is Lundin Mining (TSE:LUN) earnings time?

Lundin Mining (TSE:LUN) earnings time is at Nov 05, 2025, TBA (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 (Q3) is 0.21.

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