Lundin Mining revises 2026 guidance due to Chile storms
Severe winter storms disrupted Caserones operations, causing revised copper production and cash cost forecasts for the mine. Candelaria operations remain unaffected by these weather events.
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Diversified base metals mining company
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In short: Lundin Mining reported strong Q2 results but lowered its copper production guidance following severe winter storms at its Caserones mine.
Severe winter storms disrupted Caserones operations, causing revised copper production and cash cost forecasts for the mine. Candelaria operations remain unaffected by these weather events.
The $215M acquisition added 5% of Caserones and 30.9% of Los Helados. Net cash was $79.0M, with approvals for a Chapada ball mill and Vicuña RIGI.
Caserones without power since July 18; damage to powerline towers; repair expected two to three weeks. Candelaria briefly affected but now at full capacity.
Provisional pricing adjustments of $79M and derivative gains/losses expected.
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Canadian miner Lundin Mining said on Wednesday it had lowered its 2026 copper production forecast after a second severe winter storm hit its operations in...
Lundin Mining Corp. has trimmed its guidance after a second winter storm in Chile's Atacama region that has affected production at its Caserones mine.
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