Lundin Mining Corporation · TSX:LUN
Lundin Mining — BMO Capital Markets 29th Global Metals & Mining Conference 2020
14 slides from Lundin Mining's conference presentation, February 2020
Slide 1: BMO Capital Markets 29th Global Metals & Mining Conference
BMO Capital Markets 29 th Global Metals & Mining Conference February 23 rd – 26 th , 2020 TSX: LUN Nasdaq Stockholm: LUMI Candelaria, Atacama Region, Chile
Slide 2: Cautionary Statements
Cautionary Statements Caution Regarding Forward-Looking Information and Non-GAAP Performance Measures Certain of the statements made and information contained herein is “forward-looking information” within the meaning of applicable Canadian securities laws. All statements other than statements of hi
Slide 3: Our Strategy
Lundin Mining Our Strategy Operate, upgrade and grow a base metals portfolio that provides leading returns for our shareholders throughout the cycle • copper dominant • competitive cost position Eagle Zinkgruvan • low-risk mining jurisdictions, Nickel-Copper-PGMs in U.S.A. Zinc-Lead-Copper in Sweden
Slide 4: Responsible Mining
Responsible Mining Safety Total Recordable Injury Frequency • overall safety performance continues to trend better per 200,000 person hours worked • 2019 TRIF performance includes the successful integration of the Chapada mine and saw a significant increase in exposure hours with project activities
Slide 5: Increasing Production Profile
Increasing Production Profile1 (kt) Copper Zinc Nickel 294 - 318 227 - 237 272 - 296 15 - 18 15 - 18 +30% 13 172 - 187 +50% including 180-200 kozpa gold in 2020-212 235 152 2019A 2020 2021 2019A 2020 2021 2019A 2020 2021 1. Production profile based on certain estimates and assumptions, including but
Slide 6: Candelaria
Candelaria Increasing Production Profile • copper production increased 9% year-on-year in 2019 to 146,330 t Copper, Gold Production & Cash Cost1 Outlook • 2019 cash costs improved by 8% to $1.54/lb of copper, better than guidance (100% basis; kt Cu, koz Au & $/lb Cu, net of by-product credits) • pos
Slide 7: Chapada
Chapada Strong First Quarters Under Lundin Mining Ownership • copper production exceeded and gold production achieved 2019 guidance Copper, Gold Production & Cash Cost1 Outlook (100% basis; kt Cu, koz Au & $/lb Cu, net of by-product credits) • cash costs were better than guidance on lower operating
Slide 8: Chapada Near-Mine Exploration
Chapada Near-Mine Exploration Near Mine Deposits Jatobá + Chapada Buriti Norte Sucupira/Cava Norte Baruzinho Baru/Baru NE SW Mina Interpit Corpo Sul Santa Cruz Buriti Hidrotermalito Buriti Norte Sucupira SW Corpo Sul / Santa Cruz Chapada deposits and near-mine exploration targets 8
Slide 9: Neves-Corvo
Neves-Corvo Increasing Zinc Production Profile • achieved 2019 copper and zinc production guidance at improved $1.59/lb copper cash cost guidance Copper, Zinc Production & Cash Cost Outlook • 2020 zinc production is forecast to increase 37% over 2019 production as the ZEP is (kt & $/lb Cu, net of by
Slide 10: Eagle
Eagle Consistent Operating Performance • achieved both nickel and copper production guidance for the year • 2019 cash costs were modestly higher than guidance primarily on lower sales volumes Nickel, Copper Production & Cash Cost Outlook (kt & $/lb Ni, net of by-product credits) • 2020 nickel produc
Slide 11: Zinkgruvan
Zinkgruvan Improved Mine & Mill Performance • 2019 production of zinc and copper achieved guidance for both metals at cash costs of $0.39/lb zinc in line with guidance Zinc Production & Cash Cost Outlook (kt & $/lb Zn, net of by-product credits) • zinc, lead and copper production were greater year-o
Slide 12: High Quality Meaningful Scale
Lundin Mining High Quality Meaningful Scale Financial Strength Competitive Mines Growth Oriented • strong margins at all operations • materially increasing copper and zinc • proven track record for rigorous investment production profile approach, focused on value creation • demonstrated operational
Slide 13: www.lundinmining.com
www.lundinmining.com | TSX: LUN | Nasdaq Stockholm: LUMI
Slide 14: 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
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