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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 |
Fatality at Lundin Mining's mine in Portugal
(Kitco News) - Lundin Mining reported on Saturday a contractor died at the company's Neves-Corvo Mine in Portugal.
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Lundin Mining: Copper Will Shine Again, Too Cheap To Ignore
A significant decline in the copper price and some short-term company-specific bad news are creating a low-risk entry point for Lundin Mining. The company has very good assets, with the Josemaria project capable of doubling its copper output.
Lundin Mining: Candelaria's Future Production Could Mean A Lot Of Upside Potential
Incorporated in Canada, Lundin is a mining company with mining interests in the USA, Sweden, Portugal, Chile, Brazil, and Argentina. In the technical report, the Candelaria plant is expected to produce close to 29 million tons of ore mineral per...
Lundin Mining confirms sinkhole near Ojos del Salado operations in Chile
(Kitco News) - On Monday, Lundin Mining (TSX: LUN) confirmed that a sinkhole was detected near to its Minera Ojos del Salado operations in Chile on July 30, 2022.
Lundin Mining Corporation (LUNMF) CEO Peter Rockandel on Q2 2022 Results - Earnings Call Transcript
Lundin Mining Corporation (OTCPK:LUNMF) Q2 2022 Results Conference Call July 28, 2022 8:00 AM ET Company Participants Peter Rockandel - President and CEO Jinhee Magie - SVP and CFO Peter Richardson - SVP and COO Conference Call Participants Orest Wowkodaw...
Lundin Mining ups copper and zinc production in Q2, posts net loss on rising costs and lower metal prices
(Kitco News) - Lundin Mining (TSX: LUN) announced yesterday that in Q2 2022, the company produced 64,096 tonnes (t) of copper (Q2 2021: 63,457 t), 41,912 t of zinc (Q2 2021: 34,833 t), 39 koz of gold (Q2 2021: 41...
Nova Royalty set to acquire portion of existing royalty on Lundin Mining's Josemaria copper-gold-silver project in Argentina
Nova Royalty Corp. (TSX-V:NOVR) revealed it is set to boost its portfolio, having secured the right to acquire part of an existing royalty on the Josemaria asset in Argentina, owned by major Lundin Mining, which is one of the most...
Lundin Mining: Upside Potential Remains Despite Josemaria Capex Creep
Lundin Mining's fundamentals are intact, with production levels and cash flow remaining resilient despite the inflationary headwinds. The Josemaria project is proving to be more expensive than anticipated, however, the potential payoff far outweighs the costs.
Lundin Gold boasts 'exceptional' first quarter performance, generates $92 million in free cash flow
(Kitco News) - Lundin Gold (TSX: LUG) said yesterday that the company produced 121,665 ounces of gold at its Fruta del Norte mine in Ecuador in Q1 2022, up 17% compared to 104,137 ounces produced in Q1 2021.
Source: https://incomestatements.info
Category: Stock Reports