Lundin Mining Completes the Sale of Neves-Corvo and Zinkgruvan to Boliden

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[{"type":"text","content":"\n\n\n\n Lundin Mining Completes the Sale of Neves-Corvo and Zinkgruvan to Boliden\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 April 16, 2025\n \n\n /CNW/ - (TSX: LUN) (Nasdaq Stockholm: LUMI)\n \n Lundin Mining Corporation\n \n (\"Lundin Mining\" or the \"Company\") is pleased to announce the completion of the sale of its Neves-Corvo operation in\n \n Portugal\n \n and Zinkgruvan operation in\n \n Sweden\n \n to Boliden AB (OM: BOL) (\"Boliden\") (the \"Transaction\"). At closing Lundin Mining received cash proceeds of\n \n $1.40 billion\n \n which includes accrued interest from the lock-box date of\n \n August 31, 2024\n \n .\n \n\n Future contingent payments of up to\n \n $150 million\n \n are tied to commodity prices and satisfaction of certain conditions as outlined in the press release dated\n \n December 9, 2024\n \n\n \"Lundin Mining Announces Sale of Neves-Corvo and Zinkgruvan for Total Consideration of up to\n \n $1.52 Billion\n \n \"\n \n .\n \n\n\n Jack Lundin\n \n , President and CEO, commented \"The sale of Neves-Corvo and Zinkgruvan marks the close of a pivotal chapter for Lundin Mining, one that elevated our profile and laid the groundwork for the growth we are now poised to deliver. With a more focused portfolio and a strengthened balance sheet, we are well-positioned for what's ahead.\n \n\n \"As we enter the next phase, led by our high-potential growth strategy in the Vicuña District, we do so with enhanced financial flexibility to drive long-term shareholder value. Operationally, we remain on track to meet our guidance, which excludes the Neves-Corvo and Zinkgruvan assets.\"\n \n\n\n About Lundin Mining\n \n\n\n Lundin Mining is a diversified base metals mining company with operations or projects in\n \n Argentina\n \n ,\n \n Brazil\n \n ,\n \n Chile\n \n , and\n \n the United States of America\n \n , primarily producing copper, gold and nickel.\n \n\n The information in this news release is information that Lundin Mining is required to make public unde...

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