Lundin Mining Pre-Announces Items Impacting the Third Quarter 2024 Results

About this update from Lundin Mining Corporation

[{"type":"text","content":"\n\n\n\n Lundin Mining Pre-Announces Items Impacting the Third Quarter 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: 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 \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 Oct. 16, 2024\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, 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 View PDF\n \n\n\n\n Foreign Exchange and Derivatives\n \n\n\n Items of significant impact in the third quarter 2024 are expected to include unaudited foreign exchange and trading gains on debt and equity investments supporting the capital funding for the Josemaria Project of approximately\n \n $7 million\n \n . Unaudited realized losses on foreign exchange and unaudited realized gains on foreign exchange and commodity derivative contracts were not significant in the quarter.\n \n\n In the third quarter 2024 the Company is also expected to recognize certain non-cash items that will impact the Company's earnings but not adjusted EBITDA, adjusted earnings or adjusted earnings per share. These include an unaudited non-cash unrealized loss on foreign exchange of approximately\n \n $13 million\n \n on a pre-tax basis, and an unaudited non-cash unrealized gain of approximately\n \n $31 million\n \n on a pre-tax basis related to the mark-to-market valuation of the Company's unexpired foreign exchange and commodity derivative contracts.\n \n\n\n Provisional Pricing Adjustments\n \n\n\n Revenue during the third quarter 2024 is expected to be negatively impacted by unau...

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