Lundin Mining CorporationL
Lundin Mining Corporation (TSX: LUN, Nasdaq Stockholm: LUMI) is a Toronto-headquartered, geographically diversified copper producer, part of the Lundin Group of Companies. NOT to be confused with Lundin Gold Inc. (TSX: LUG), a separately-listed, gold-focused (Fruta del Norte, Ecuador) company that shares the same Lundin-family corporate lineage but is a distinct corporate entity, already seeded in this database under its own ticker. Candelaria (Atacama Region, Chile; Lundin 80% / Sumitomo Group 20%) is the flagship, longest-held asset: an open-pit and underground copper-gold-silver mine originally developed by Phelps Dodge (commenced production early 1995), acquired by Lundin Mining in Oct 2014 (US$1.8B for the 80% stake); a 2023-approved Environmental Impact Assessment extends its permitted mine life to 2040. Caserones (Chile; Lundin increased to 70% in 2026, up from an initial 51% stake, via a $215M additional-interest acquisition alongside a 31% Los Helados stake) has become the single largest revenue contributor in recent quarters. Chapada (Brazil, 100%) and Neves-Corvo (Portugal, 100%, copper-zinc) and Zinkgruvan (Sweden, 100%, zinc-lead-copper) round out the current producing portfolio. Lundin's principal growth project is Vicuña (Argentina), a major new copper-gold district held via a 50/50 joint venture with BHP that includes the Josemaria deposit -- still development-stage, not yet a producing or jurisdiction-risk-relevant asset. Q2 2026 delivered near-record revenue of $1.2B and adjusted EBITDA of $658M on ~77,000 tonnes of copper and ~33,000 ounces of gold produced, with Caserones ($518M), Candelaria ($476M) and Chapada ($219M) as the three revenue contributors.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Reached — date not disclosed · No single company-wide date exists for a multi-asset producer (Candelaria, Caserones, Chapada, Neves-Corvo, Zinkgruvan) spanning five countries and multiple ownership percentages, with Candelaria's own construction predating Lundin's 2014 acquisition by over two decades. Row exists to satisfy the stage=PRODUCTION lifecycle-gate check (src/lib/lifecycle-gates.ts) -- same 'no single date' treatment as this backlog's other multi-asset majors (BHP/SCCO/FCX/CCO/HBM). · Source
- Reached — date not disclosed · No single company-wide date exists for a multi-asset producer (Candelaria, Caserones, Chapada, Neves-Corvo, Zinkgruvan) spanning five countries and multiple ownership percentages, with Candelaria's own construction predating Lundin's 2014 acquisition by over two decades. Row exists to satisfy the stage=PRODUCTION lifecycle-gate check (src/lib/lifecycle-gates.ts) -- same 'no single date' treatment as this backlog's other multi-asset majors (BHP/SCCO/FCX/CCO/HBM). · Source
- Reached — date not disclosed · No single company-wide date exists for a multi-asset producer (Candelaria, Caserones, Chapada, Neves-Corvo, Zinkgruvan) spanning five countries and multiple ownership percentages, with Candelaria's own construction predating Lundin's 2014 acquisition by over two decades. Row exists to satisfy the stage=PRODUCTION lifecycle-gate check (src/lib/lifecycle-gates.ts) -- same 'no single date' treatment as this backlog's other multi-asset majors (BHP/SCCO/FCX/CCO/HBM). · Source
- Jan 1995 · Candelaria (the flagship, longest-held-controlling-interest asset and this record's commodity/milestone anchor) commenced production in early 1995 under its original developer, Phelps Dodge; Lundin Mining acquired its 80% stake from Freeport-McMoRan in Oct 2014, well after first production. Year precision only ('early 1995', exact month not independently confirmed this pass). · Source
- Reached — date not disclosed · No single company-wide date exists for a multi-asset producer (Candelaria, Caserones, Chapada, Neves-Corvo, Zinkgruvan) spanning five countries and multiple ownership percentages, with Candelaria's own construction predating Lundin's 2014 acquisition by over two decades. Row exists to satisfy the stage=PRODUCTION lifecycle-gate check (src/lib/lifecycle-gates.ts) -- same 'no single date' treatment as this backlog's other multi-asset majors (BHP/SCCO/FCX/CCO/HBM). · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
President and Chief Executive Officer of Lundin Mining Corporation.
Chairman of the Board of Lundin Mining Corporation, part of the Lundin Group of Companies founded by his late father, Adolf H. Lundin.
Executive Vice President and Chief Financial Officer of Lundin Mining Corporation.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Multi-asset producer (Candelaria, Caserones, Chapada, Neves-Corvo, Zinkgruvan) across five countries with different ownership percentages and no single consolidated corporate-level dcfNpvUsd/irrPct/technicalReportPriceAssumptionUsd figure disclosed -- same structural gap as this backlog's other multi-asset majors (BHP/SCCO/FCX/CCO/IVN/HBM, Tasks #603/#613/#617). Candelaria -- the flagship, longest-held-controlling-interest asset -- anchors mineLifeYears below. ouncesFound is deliberately left null per this repo's still-open Task #324 ouncesFound/copper-unit policy question (Candelaria's own current reserves are reported as 592,712 kt @ 0.46% Cu / 2,736 kt contained copper, i.e. contained tonnes, not a gold-style ounces figure) -- same convention as BHP/SCCO/FCX/IVN/HBM in this backlog.