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Lundin Mining Completes Acquisition of an Additional 5% Ownership in Caserones and a 31% Interest in the Los Helados Project
Lundin Mining Completes Acquisition of an Additional 5% Ownership in Caserones and a 31% Interest...
About this update from Lundin Mining Corporation
[{"type":"text","content":"\n\n\nLundin Mining Completes Acquisition of an Additional 5% Ownership in Caserones and a 31% Interest in the Los Helados Project\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nVANCOUVER, BC, April 7, 2026 /CNW/ - (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation (\"Lundin Mining\" or the \"Company\") is pleased to announce the completion of its previously announced acquisition of an additional 5% equity interest in SCM Minera Lumina Copper Chile, owner of the Caserones copper-molybdenum mine (\"Caserones'\"), along with a 30.9% interest in the Los Helados Project and a 0.62% net smelter return royalty on Los Helados, from JX Advanced Metals Corporation and affiliates for total consideration of US$215 million. The total consideration paid at closing was funded from cash on hand.This acquisition increases the Company's ownership in Caserones to 75%, adding annual attributable copper production of approximately 6,500 to 7,000 tonnes based on the full year guidance1, while the 30.9% interest in the Los Helados Project strengthens the Company's copper and gold Mineral Resource base and provides compelling long-term growth optionality, including potential synergies with the nearby Caserones operation.About Lundin MiningLundin Mining is a Canadian mining company headquartered in Vancouver, Canada with three operating mines in Brazil and Chile. We produce commodities that support modern infrastructure and electrification. Our strategic vision is to become a top ten global copper producer. To get there, we are executing a clear growth strategy, which includes advancing one of the world's largest copper, gold, and silver projects in the Vicuña District on the border of Argentina and Chile, where we ho...