Slide 1: Operational Outlook & Update Conference Call
TSX: LUN Nasdaq Stockholm: LUMI Operational Outlook & Update Conference Call November 29, 2018 1 Candelaria, Atacama Region, Chile
Slide 2: Cautionary Statements
Cautionary Statements Caution Regarding Forward-Looking Information and Non-GAAP Performance Measures All statements, other than statements of historical fact, made and information contained or incorporated by reference in or made in giving this presentation and responses to questions is "forward-lo
Slide 3: Participants
Participants President & Marie Inkster Chief Executive Officer Senior Vice President & Jinhee Magie Chief Financial Officer Senior Vice President & Peter Richardson Chief Operating Officer 3
Slide 4: Production Outlook (kt)
Production Outlook1 (kt) Copper Zinc Nickel Forecast increase primarily on improved Forecast ~50% increase primarily on Eagle East planned on-line in Q4 2019 Candelaria mine plan and low-risk investments Neves-Corvo Zinc Expansion Project 251 241 246 19 231 17 16 210 15 232 16 227 15 218 195 13 12 2
Slide 5: Candelaria Copper Production Profile (kt)
Candelaria Copper Production Profile1 (kt) 190 190 192 194 184 185 175 175 171 175 167 155 156 160 152 151 146 137 136 114 96 84 69 45 10 2016A 2017A 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 December 2018 Technical Report Dece
Slide 6: 2019 Capital Expenditure Guidance
2019 Capital Expenditure Guidance Candelaria Capital Expenditures 1 (US$M) – continue investments in low-risk initiatives to deliver improved production profile Capitalized Stripping2 130 Los Diques TSF 10 Neves-Corvo New Mine Fleet Investment 75 – ZEP total capital cost estimated at €320M ($385M) C
Slide 7: Neves-Corvo Zinc Expansion Project Update
Neves-Corvo Zinc Expansion Project Update Surface Activities – mill and flotation buildings concrete and steel work advancing – construction complete and commissioning expected early 2020 Underground Development – conveyor erection and crusher chamber progressing – first ore from this newly develope
Slide 8: 2019 Exploration Expenditure Guidance
2019 Exploration Expenditure Guidance Aggressive In-Mine and Near-Mine Exploration Programs – $80M to be invested in 2019 in exploration programs – nearly 206,000 meters of planned drilling – $23M at Eagle, $23M at Zinkgruvan and $7M at Neves-Corvo – $14M at Candelaria reflecting a scale back from s
Slide 9: Lundin Mining
Lundin Mining High Quality Meaningful Scale Financial Strength Competitive Mines Growth Oriented – strong margins at all – exploration upside and – proven track record for operations high value expansion rigorous investment projects underway approach, focused on – demonstrated operational value crea
Slide 10: NI 43-101 Compliance
NI 43-101 Compliance Unless otherwise indicated, Lundin Mining Corporation (the “Company”) has prepared the technical information in this presentation including Mineral Reserve and Mineral Resource estimates (“Technical Information”) based on information contained in the technical reports and news r
Slide 11: TSX: LUN Nasdaq Stockholm: LUMI
TSX: LUN Nasdaq Stockholm: LUMI 11