See more : Tak Lee Machinery Holdings Limited (2102.HK) Income Statement Analysis – Financial Results
Complete financial analysis of Lundin Mining Corporation (LUNMF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Lundin Mining Corporation, a leading company in the Copper industry within the Basic Materials sector.
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Lundin Mining Corporation (LUNMF)
About Lundin Mining Corporation
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden. It also holds 80% interests in the Candelaria and Ojos del Salado mining complex located in Chile. The company was formerly known as South Atlantic Ventures Ltd. and changed its name to Lundin Mining Corporation in August 2004. Lundin Mining Corporation was incorporated in 1994 and is headquartered in Toronto, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.39B | 3.04B | 3.33B | 2.04B | 1.89B | 1.73B | 2.08B | 1.55B | 1.70B | 951.31M | 727.78M | 721.11M | 783.79M | 849.22M | 745.99M | 835.29M | 1.06B | 539.76M | 192.07M | 43.20M | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 2.09B | 2.28B | 1.96B | 1.54B | 1.45B | 1.29B | 1.26B | 1.30B | 1.52B | 828.08M | 608.99M | 506.97M | 363.86M | 368.02M | 340.32M | 436.63M | 379.31M | 219.10M | 150.71M | 31.02M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.31B | 762.57M | 1.37B | 498.12M | 440.39M | 436.60M | 820.35M | 246.54M | 184.59M | 123.24M | 118.79M | 214.13M | 419.93M | 481.20M | 405.67M | 398.66M | 680.46M | 320.66M | 41.36M | 12.17M | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 38.50% | 25.07% | 41.15% | 24.40% | 23.27% | 25.30% | 39.49% | 15.95% | 10.85% | 12.95% | 16.32% | 29.69% | 53.58% | 56.66% | 54.38% | 47.73% | 64.21% | 59.41% | 21.54% | 28.18% | 0.00% | 0.00% | 0.00% |
| Research & Development | 10.96M | 107.60M | 8.20M | 18.03M | 16.83M | 10.08M | 8.23M | 9.38M | 7.93M | 39.16M | 9.59M | 15.21M | 8.13M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 66.72M | 53.88M | 52.20M | 44.17M | 47.10M | 49.44M | 38.84M | 27.20M | 27.53M | 27.61M | 23.88M | 27.85M | 20.24M | 21.09M | 25.59M | 49.48M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 50.49M | 297.00K | 771.00K | 1.93M | 3.70M | 3.61M | 1.25M | 4.58M | 9.00K | 0.00 | 0.00 | 0.00 | 25.93M | 0.00 | 0.00 | -9.93M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 117.22M | 53.88M | 52.20M | 44.17M | 47.10M | 49.44M | 38.84M | 27.20M | 27.53M | 27.61M | 23.88M | 27.85M | 46.17M | 21.09M | 25.59M | 39.56M | 42.81M | 19.43M | 10.86M | 5.78M | 517.30K | 559.98K | 329.72K |
| Other Expenses | 0.00 | 51.09M | 45.84M | 36.55M | 70.75M | -1.98M | -5.66M | -49.52M | -13.66M | 19.07M | 12.31M | 5.35M | 11.61M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 117.22M | 212.58M | 106.24M | 98.75M | 134.68M | 140.51M | 125.86M | 88.20M | 90.94M | 104.53M | 69.47M | 95.74M | 242.54M | 171.65M | 278.20M | -662.39M | 253.89M | 104.28M | 18.01M | 8.77M | 599.81K | 575.06K | 384.05K |
| Cost & Expenses | 2.20B | 2.49B | 2.07B | 1.64B | 1.59B | 1.43B | 1.38B | 1.39B | 1.61B | 932.60M | 678.46M | 602.72M | 606.40M | 539.67M | 618.52M | -225.76M | 633.20M | 323.38M | 168.72M | 39.79M | 599.81K | 575.06K | 384.05K |
| Interest Income | 11.14M | 4.21M | 613.00K | 5.99M | 12.17M | 25.49M | 21.61M | 1.53M | 564.00K | 1.86M | 1.42M | 2.07M | 3.60M | 49.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 92.33M | 11.63M | 7.52M | 12.32M | 13.93M | 27.08M | 70.80M | 79.94M | 83.66M | 23.04M | 3.47M | 6.29M | 16.74M | 8.76M | 15.03M | 14.73M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 653.60M | 546.54M | 527.19M | 482.02M | 405.04M | 308.57M | 401.05M | 434.47M | 555.02M | 208.70M | 148.15M | 122.38M | 153.80M | 123.39M | 170.00M | 202.32M | 171.23M | 71.90M | 48.92M | 9.28M | 0.00 | 0.00 | 0.00 |
| EBITDA | 1.25B | 1.00B | 1.77B | 883.07M | 715.95M | 630.82M | 1.09B | 641.19M | 333.86M | 286.38M | 282.58M | 275.30M | 397.62M | 518.97M | 249.90M | -525.12M | 602.27M | 291.37M | 75.36M | 11.79M | -599.81K | -575.06K | 199.00K |
| EBITDA Ratio | 36.83% | 32.98% | 53.70% | 39.76% | 35.99% | 35.83% | 52.24% | 35.27% | 38.85% | 35.72% | 42.00% | 48.62% | 56.27% | 61.11% | 31.90% | 32.43% | 56.83% | 53.98% | 37.63% | 29.37% | 0.00% | 0.00% | 0.00% |
| Operating Income | 1.19B | 448.16M | 1.26B | 364.23M | 294.98M | 298.92M | 704.03M | 110.31M | 106.17M | 131.11M | 157.55M | 228.24M | 287.28M | 395.58M | 67.94M | 68.54M | 431.04M | 219.47M | 23.36M | 3.41M | -599.81K | -575.06K | 199.00K |
| Operating Income Ratio | 35.05% | 14.74% | 38.00% | 17.84% | 15.58% | 17.32% | 33.89% | 7.14% | 6.24% | 13.78% | 21.65% | 31.65% | 36.65% | 46.58% | 9.11% | 8.21% | 40.67% | 40.66% | 12.16% | 7.89% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -656.91M | 48.16M | -18.49M | -57.90M | -38.83M | -4.28M | -56.17M | -30.16M | -373.81M | -201.24M | -69.16M | 28.24M | -52.47M | 30.66M | -3.08M | -932.50M | -516.06M | -11.27M | 20.71M | 2.73M | 2.24M | 245.24K | 485.02K |
| Income Before Tax | 531.85M | 598.16M | 1.24B | 341.48M | 269.60M | 291.81M | 638.32M | 128.18M | -255.54M | 54.65M | 130.96M | 146.63M | 234.81M | 430.27M | 64.86M | -850.45M | -89.49M | 205.10M | 44.07M | 6.44M | 1.33M | 335.31K | -248.77K |
| Income Before Tax Ratio | 15.68% | 19.67% | 37.40% | 16.73% | 14.24% | 16.91% | 30.73% | 8.29% | -15.01% | 5.74% | 17.99% | 20.33% | 29.96% | 50.67% | 8.70% | -101.81% | -8.44% | 38.00% | 22.94% | 14.90% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 216.60M | 134.63M | 365.69M | 152.42M | 80.42M | 76.37M | 191.40M | 4.31M | 26.25M | -68.74M | -5.79M | 23.45M | 51.05M | 113.15M | -3.27M | -130.45M | 64.67M | 52.14M | 13.29M | 1.28M | 421.13K | 46.13K | 199.92K |
| Net Income | 241.56M | 426.85M | 780.35M | 168.80M | 167.26M | 195.85M | 426.49M | -661.74M | -294.08M | 112.61M | 136.75M | 123.18M | 183.77M | 306.28M | 73.71M | -957.06M | -154.16M | 152.96M | 29.96M | 4.76M | 906.64K | -381.44K | 48.85K |
| Net Income Ratio | 7.12% | 14.04% | 23.44% | 8.27% | 8.84% | 11.35% | 20.53% | -42.81% | -17.28% | 11.84% | 18.79% | 17.08% | 23.45% | 36.07% | 9.88% | -114.58% | -14.55% | 28.34% | 15.60% | 11.03% | 0.00% | 0.00% | 0.00% |
| EPS | 0.31 | 0.54 | 1.05 | 0.24 | 0.23 | 0.27 | 0.59 | -0.92 | -0.41 | 0.19 | 0.23 | 0.21 | 0.32 | 0.53 | 0.13 | -2.41 | -0.46 | 1.02 | 0.26 | 0.08 | 0.04 | -0.02 | 0.00 |
| EPS Diluted | 0.31 | 0.54 | 1.05 | 0.24 | 0.23 | 0.27 | 0.59 | -0.92 | -0.41 | 0.19 | 0.23 | 0.21 | 0.32 | 0.53 | 0.13 | -2.41 | -0.46 | 1.01 | 0.26 | 0.08 | 0.04 | -0.02 | 0.00 |
| Weighted Avg Shares Out | 772.53M | 762.52M | 736.79M | 734.07M | 735.31M | 731.73M | 726.99M | 720.33M | 719.09M | 600.44M | 584.28M | 582.94M | 582.07M | 579.92M | 550.00M | 396.42M | 338.64M | 149.44M | 115.25M | 66.48M | 23.16M | 18.03M | 23.37M |
| Weighted Avg Shares Out (Dil) | 773.29M | 763.59M | 739.30M | 735.32M | 736.06M | 733.55M | 729.74M | 721.21M | 719.09M | 602.36M | 584.94M | 584.01M | 582.96M | 580.54M | 550.05M | 396.42M | 338.64M | 151.15M | 115.98M | 66.77M | 24.10M | 18.03M | 23.37M |
Lundin Mining CEO Marie Inkster to step down
(Kitco News) - Inkster joined Lundin Mining in 2008 and served as Chief Financial Officer for 10 years prior to being appointed President and CEO.
Lundin: Great Copper Play
Lundin Mining is one of the best ways to play copper. A discount price for a quality business. The recent sell-off is a good entry point as it is unjustified.
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Lundin Gold, Inc. (FTMNF) CEO Ron Hochstein on Q2 2021 Results - Earnings Call Transcript
Lundin Gold, Inc. (FTMNF) CEO Ron Hochstein on Q2 2021 Results - Earnings Call Transcript
Lundin Gold boosts net income in second quarter on strong production at Fruta del Norte
(Kitco News) - Lundin Gold Inc. (TSX: LUG) today announced that in Q2 2021, gold production at its Fruta del Norte mine in Ecuador was 108,799 ounces, comprised of 66,721 oz of concentrate and 42,078 oz of doré, with record...
Lundin Mining Corporation's (LUNMF) CEO Marie Inkster on Q2 2021 Results - Earnings Call Transcript
Lundin Mining Corporation's (LUNMF) CEO Marie Inkster on Q2 2021 Results - Earnings Call Transcript
Lundin Mining boosts quarterly net earnings 456%, ups dividend
(Kitco News) - Lundin Mining's net earnings for the quarter ended June 30, 2021 were $268.4 million, an increase of $220.2 million or 456% compared to the prior year quarter.
Lundin Gold says Fruta del Norte ‘continues to exceed expectations' with 108,799 ounces produced in Q2 2021
(Kitco News) - Lundin Gold CEO said that Fruta del Norte "continues to exceed expectations, and has once again delivered strong production in the second quarter of 2021."
Lundin Mining Still Is A Good Call Option On Copper And Zinc
Lundin Mining generates about two-thirds of its revenue from copper. The company generated about $170M in free cash flow in just the first quarter.
Lundin Gold's (FTMNF) CEO Ronald Hochstein on Q1 2021 Results - Earnings Call Transcript
Lundin Gold's (FTMNF) CEO Ronald Hochstein on Q1 2021 Results - Earnings Call Transcript
Source: https://incomestatements.info
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