Business
Lundin Mining Pre-Announces Items Impacting the Fourth Quarter and Full Year 2024 Results
Lundin Mining Pre-Announces Items Impacting the Fourth Quarter and Full Year 2024 Results ...
About this update from Lundin Mining Corporation
[{"type":"text","content":"\n\n\n\n Lundin Mining Pre-Announces Items Impacting the Fourth Quarter and Full Year 2024 Results\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; 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 \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 Jan. 27, 2025\n \n\n /CNW/ - (TSX: LUN) (Nasdaq Stockholm: LUMI)\n \n Lundin Mining Corporation\n \n (\"Lundin Mining\" or the \"Company\") is pre-announcing certain items impacting the Company's quarterly earnings, earnings per share, adjusted earnings before interest, taxes, depreciation and amortization (\"adjusted EBITDA\")\n \n 1\n \n , adjusted earnings\n \n 1\n \n and adjusted earnings per share\n \n 1\n \n .\n \n\n\n Revenue and Provisional Pricing Adjustments\n \n\n\n Revenue in the fourth quarter 2024 is expected to be negatively impacted by unaudited provisional pricing adjustments on prior period concentrate sales of approximately\n \n $46 million\n \n on a pre-tax basis. These adjustments primarily include downward adjustments in relation to copper sales, partially offset by upward adjustments on nickel sales.\n \n\n Revenue in the fourth quarter 2024 is also expected to be negatively impacted by a timing difference between the production and shipment date of approximately 20,000 tonnes of copper concentrate. Two shipments of copper concentrate from Caserones scheduled for\n \n December 2024\n \n were delayed to early January due to certain operational and weather related issues. Payments of approximately\n \n $45 million\n \n relating to these shipments were received in December, however the revenue will only be recognized in the first quarter of 2025.\n \n\n\n Foreign Exchange and Derivatives\n \n\n\n Items of significant impact in the fourth quarter 2024 are expected to include unaudited realized foreign exchan...