Lundin Mining Corporation (LUN.TO, LMC, LUMI.ST) confirmed its 2026 production outlook remains unchanged. Based on the midpoint of its guidance and projected commodity prices—$5.50 per pound for copper and $4,000 per ounce for gold—the company forecasts 2026 revenue of approximately $4.5 billion, adjusted EBITDA of $1.7 billion, and adjusted free cash flow of $1.2 billion.
Looking ahead to the 2026–2030 timeframe, Lundin Mining anticipates cumulative adjusted EBITDA of $13.2 billion and adjusted free cash flow of $8.1 billion. For the subsequent five-year period (2031–2035), the company projects cumulative adjusted EBITDA of $22.3 billion and adjusted free cash flow of $15.5 billion, assuming long-term copper and gold prices of $5.50/lb and $3,700/oz, respectively.
The company aims to achieve annual copper production exceeding 500,000 tonnes and gold output surpassing 550,000 ounces. At last close, Lundin Mining shares traded at C$41.25, reflecting a 3.51% gain.
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