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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Lundin Mining Corporation    LUN   CA5503721063

LUNDIN MINING CORPORATION

(LUN)
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Delayed Quote. Delayed Toronto Stock Exchange - 08/10 04:00:00 pm
7.79 CAD   +0.78%
08/01LUNDIN MINING : 2020 Q2 MD&A and Financial Statements
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07/30LUNDIN : 2Q Earnings Snapshot
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07/29LUNDIN MINING : Announces Declaration of Dividend
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Lundin Mining : defends early retirement package for Chile's Candelaria workers

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07/14/2020 | 01:08pm EDT

SANTIAGO, July 14 (Reuters) - Chile's Candelaria copper mine, run by the Canadian firm Lundin Mining Corp, on Tuesday rejected claims by the mine supervisors´ union that it is planning to lay off workers, saying the claim relates to the offer of an early retirement package for older workers.

The supervisors' union said on Monday the miner would cut 7% of its workforce in a belt-tightening exercise at a time when the mining industry is feeling the pinch from constraints placed on their operations aimed at limiting the spread of the virus.

Candelaria said the measure was part of an "optimization program" to ensure the sustainability of its operation in Chile's northern Atacama region.

"The program will be offered to all workers 55 years of age and older. The company estimates that around 100 workers will participate ... which represents between 5-7% of its staff," the company said in a statement sent to Reuters.

Copper production out of Chile has not yet been significantly impacted since the coronavirus outbreak started in March. In recent weeks however, there has been a surge of cases in the economically-critical industry, which has prompted operators to alter shift patterns and suspend smelters and construction projects.

Candelaria produced 111,400 tonnes of copper - just under 2% of Chile's total - last year.

Last week, global miner BHP Group Ltd offered workers at its Escondida copper mine in Chile, the world’s largest, the option for early retirement, drawing criticism for the union which rejected it as a scheme to oust the old and sick. (Reporting by Fabian Cambero, writing by Aislinn Laing Editing by Marguerita Choy)

Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP 1.37% 39.84 End-of-day quote.2.36%
LUNDIN MINING CORPORATION 0.91% 7.8 Delayed Quote.-0.39%
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Latest news on LUNDIN MINING CORPORATION
08/01LUNDIN MINING : 2020 Q2 MD&A and Financial Statements
PU
07/30LUNDIN : 2Q Earnings Snapshot
AQ
07/29LUNDIN MINING : Announces Declaration of Dividend
AQ
07/29LUNDIN MINING : Second Quarter Results
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07/14LUNDIN MINING : defends early retirement package for Chile's Candelaria workers
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07/10LUNDIN MINING : to Release Second Quarter 2020 Results July 29 2020
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07/09LUNDIN MINING : to Release Second Quarter 2020 Results July 29, 2020
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05/28LUNDIN MINING CORPORATION : Ex-dividend day for
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05/13LUNDIN MINING : May - 2020 2020 Bank of America Global Metals, Mining & Steel Vi..
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Financials (USD)
Sales 2020 1 999 M - -
Net income 2020 60,1 M - -
Net Debt 2020 82,3 M - -
P/E ratio 2020 68,9x
Yield 2020 1,91%
Capitalization 4 235 M 4 248 M -
EV / Sales 2020 2,16x
EV / Sales 2021 1,64x
Nbr of Employees 3 347
Free-Float 86,8%
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Technical analysis trends LUNDIN MINING CORPORATION
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 7,07 $
Last Close Price 5,77 $
Spread / Highest target 43,9%
Spread / Average Target 22,4%
Spread / Lowest Target -9,69%
EPS Revisions
Managers
NameTitle
Marie Inkster President, Chief Executive Officer & Director
Lukas Henrik Lundin Chairman
Peter Richardson Chief Operating Officer & Vice President
Jinhee Magie Chief Financial Officer & Senior Vice President
Stephen T. Gatley Vice President-Technical Services
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