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Lundin Mining Corp T.LUN

Alternate Symbol(s):  LUNMF

Lundin Mining Corporation is a diversified Canadian base metals mining company. It has operations and projects in Argentina, Brazil, Chile, Portugal, Sweden and the United States of America, producing copper, zinc, gold and nickel. Its operations include Candelaria, Caserones, Chapada, Eagle, Josemaria Project, Neves-Corvo and Zinkgruvan. The Candelaria Copper Mining Complex comprises two adjacent copper mining operations, Candelaria and Ojos del Salado, that produce copper concentrates. Caserones is an open pit copper-molybdenum mine which produces copper concentrate, copper cathode and molybdenum concentrate. Chapada is an open pit copper-gold mine producing copper concentrate. Eagle is located in the Upper Peninsula of Michigan, United States, in Michigamme Township of Marquette County. Josemaria is a large-scale copper-gold-silver project. Neves-Corvo is a mainly copper and zinc mine producing copper, zinc and lead concentrates. Zinkgruvan mines underground from several orebodies.


TSX:LUN - Post by User

Bullboard Posts
Comment by puma1on Oct 28, 2018 10:14am
111 Views
Post# 28883927

RE:RE:RE:not bad q3 , still holding $1.4 bill. cash

RE:RE:RE:not bad q3 , still holding $1.4 bill. cash
cost of sales got slaughtered here, hence part of the steep decline, but they did still make money  and cash flow was still strong.

they did not discuss any gains off Nevsun shares that they may have accumulated as part of their takeover, but i assume they must have picked up a healthy chunk and likely a double off thr costs. perhaps that is a Q4 gain?

the book value on this is some CDN$7.50 a share. they were worried in late 2017 or early 2018 that they might be a takeover target  - well, if they were worried back then, i would think they going to be sweating now.

given the dividend, it looks like this $5 range could well be a good step into the stock.
Bullboard Posts