Northwire Canada EditionSunday, September 20, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6% GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6%
Earnings

Lundin Mining Pre-Announces Items Impacting the Third Quarter 2025 Results

By The Northwire Desk — AI Analysis Oct 16, 2025 · 19:30 LUN · 21.61 Lundin Mining Corporation
LUN · Price

Executive Summary

  • Lundin Mining expects a positive $11 million pre‑tax revenue impact in Q3 2025 from provisional pricing adjustments on prior period copper and gold concentrate sales.
  • Approximately 20,000 tonnes of copper concentrate (≈5,100 t payable Cu) slated for September shipment will be delayed to October, shifting the associated revenue and COGS into Q4 2025.
  • An unrealized pre‑tax loss of about $26 million is anticipated from mark‑to‑market valuation of unexpired derivative contracts due to rising gold prices; foreign‑exchange gains/losses are expected to be immaterial.

Key Details

  • Provisional Pricing Adjustments: +$11 M (pre‑tax) to Q3 2025 revenue, driven by upward adjustments on prior period copper and gold concentrate sales.
  • Shipment Timing Difference: 20,000 t of copper concentrate (≈5,100 t payable Cu) delayed from September to October; related revenue & COGS will be recorded in Q4 2025.
  • Derivative Valuation Impact: Unrealized pre‑tax loss ≈ $26 M from mark‑to‑market revaluation of derivative contracts, primarily caused by rising gold prices.
  • Foreign Exchange Gains/Losses: No material impact expected for Q3 2025 (both realized and unrealized).
  • Conference Call/Webcast: Results to be released after market close on 2025‑11‑05; webcast & call scheduled for 2025‑11‑06 at 7:00 AM PT / 10:00 AM ET.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

More from Lundin Mining Corporation

Sep 15, 2026 · 03:26

Lundin’s weather-driven delays at Caserones cut tests keep the Vicuña final investment decision as the primary catalyst for the project.

Production / Operations Aug 19, 2026 · 02:00

Lundin trimmed its copper production guidance following a second storm, while maintaining the option to expand the Vicuña project.

Production / Operations Jul 27, 2026 · 02:00

Lundin’s Caserones outage extends to two to three weeks, shrinking the margin for error while maintaining its production guidance.

Production / Operations Jul 21, 2026 · 04:00

Lundin’s Chile winter storm temporarily halts Caserones operations while year guidance remains intact and the Vicuña project approaches final investment decision.

Production / Operations Jul 16, 2026 · 17:30

Lundin’s Vicuña project remains six months from production as provisional pricing offsets flat operational performance.

Earnings Jun 16, 2026 · 19:30

Lundin reaffirms 2026 guidance and raises long-term free cash flow outlook despite increased capital intensity from the Saúva mill sanction.

Production / Operations