Lundin Mining Corp. (LUN.TO) announced its commitment to allocate up to US$150 million annually to share buybacks under the normal course issuer bid or "NCIB" program. In 2026 to date, the company has repurchased approximately 1.45 million common shares at a cost of about US$40 million.
As of March 31, 2026, the number of issued and outstanding shares increased by 692,674 to 855.36 million, reflecting employee stock option exercises and share unit vesting, partially offset by NCIB repurchases.
LUN.TO closed Tuesday's regular trading at C$34.69 up C$3.36 or 10.72%.
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