Lundin Mining Second Quarter Results
TORONTO, July 29, 2021 /PRNewswire/ -- (TSX: LUN) (Nasdaq: LUMI) (Stockholm: LUMI)
Lundin Mining Corporation ("Lundin Mining" or the "Company") today reported cash flows of $419.0 million generated from operations in its second quarter. Adjusted operating cash flow
2 was $431.6 million ($0.58 per share) and free cash flow
2 was $298.9 million for the quarter ended June 30, 2021. Net earnings attributable to Lundin Mining shareholders for the quarter was $242.6 million ($0.33 per share). Adjusted earnings
2 was $226.3 million ($0.31 per share) for the quarter and adjusted EBITDA
2 were $480.7 million for the quarter. View PDF version
Marie Inkster, President and CEO commented,
"Our operations performed well in the second quarter, particularly as our South American mines continued to address evolving challenges of COVID-19. Production of all metals increased over the first quarter. On this performance, we were able to take advantage of the current base metal price environment, generating over $480 million of adjusted EBITDA and a quarterly record of nearly $300 million of free cash flow."