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Lundin Mining Announces New Shareholder Distribution Policy
Lundin Mining Announces New Shareholder Distribution Policy Canada NewsWire ...
About this update from Lundin Mining Corporation
[{"type":"text","content":"\n\n\n\n Lundin Mining Announces New Shareholder Distribution Policy\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n\n\n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n March 26, 2025\n \n\n /CNW/ - (TSX: LUN; Nasdaq Stockholm: LUMI)\n \n Lundin Mining Corporation\n \n (\"Lundin Mining\" or the \"Company\") today announced that its Board of Directors have amended the shareholder distribution policy to increase the level of share buybacks while adjusting the dividend to maintain the total amount returned to shareholders annually. Unless otherwise stated, all values presented are in\n \n United States\n \n dollars.\n \n\n The Company is committed to delivering shareholder returns through a balanced approach of dividends and share buybacks, with a total annual allocation of approximately\n \n $220 million\n \n . As part of this strategy, the Company is adjusting its quarterly dividend from\n \n C$0.09\n \n per share to\n \n C$0.0275\n \n per share while allocating up to approximately\n \n $150 million\n \n per annum in share buybacks through the Company's normal course issuer bid program (\"NCIB\"). If the Company allocates less than\n \n $150 million\n \n in share buybacks in a calendar year, the shortfall will be distributed as a special dividend. If applicable, the special dividend will be paid alongside the regular 4th-quarter dividend.\n \n\n\n Jack Lundin\n \n , President and CEO commented \"Returning capital to shareholders remains a fundamental element to Lundin Mining's strategy and an important component to our business. In 2017, the Company initiated our first ever dividend payment, which has since evolved over the course of the past eight years to include regular and special dividends, as well as periodic share buybacks. Through these means of dividends and buybacks, the Company has returned over\n \n $1.4 billion\n \n to shareholders. We remain in a strong financial position to sustain approximately\n \n $220 million\n \n in annual shareholder returns through a formal strategy that now integrates share buybacks alongside dividends, ...