VANCOUVER, BC, July 16, 2026 /CNW/ -- (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pre-announcing certain items impacting the Company's earnings, adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA")1, adjusted earnings1 and adjusted earnings per share1 for the three months ending June 30, 2026. Unless otherwise stated, dollar amounts are presented in United States dollars and are unaudited.
Revenue and Provisional Pricing Adjustments
Revenue in the second quarter 2026 is expected to be positively impacted by unaudited provisional pricing adjustments on prior period concentrate sales of approximately $79 million on a pre-tax basis. These adjustments primarily include upward adjustments in relation to prior period copper and molybdenum sales.
Derivatives
Items of significant impact in the second quarter 2026 are expected to include unaudited realized losses on gold collar contracts of approximately $12 million. Unaudited realized gains on foreign currency derivative contracts in the second quarter 2026 are not expected to be significant.
For the second quarter 2026, the Company is 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 unaudited unrealized gains of approximately $31 million on a pre-tax basis related to the revaluation of gold collar contracts due to a reduction in the gold forward curve. Unaudited unrealized losses on foreign currency derivative contracts are not expected to be significant.
Foreign Exchange
Unaudited realized and unrealized foreign exchange losses in the quarter are not expected to be significant.
Second Quarter 2026 Results Conference Call and Webcast Details
The Company will release its second quarter 2026 operations and financial results after market close on Wednesday, August 5, 2026, and will hold a webcast and conference call on Thursday, August 6, 2026 to present the results. Webcast and conference call details are provided below.
Webcast / Conference Call Details:
Date: Thursday, August 6, 2026
Time: 7:00 AM PT | 10:00 AM ET
Listen Only Webcast: WEBCAST LINK
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To participate in the call click on the dial in LINK above and complete the online registration form. Once registered you will receive the dial-in information and a unique PIN to join the call and ask questions.
A replay of the webcast will be available by clicking on the webcast LINK above and will be archived on the Company's website for a limited period of time.