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

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.)
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