Lundin Mining Corporation (LUN.TO,LMC,LUMI.ST) said its 2026 production guidance remains unchanged and, based on the mid-point of the production guidance and on the forecast copper price of $5.50/lb copper and forecast gold price of $4,000/oz, revenue for 2026 is expected to be approximately $4.5 billion with adjusted earnings before interest, taxes, depreciation and amortization or EBITDA of $1.7 billion and adjusted free cash flow from operations of $1.2 billion.
During the period from 2026 to 2030, the company projects cumulative adjusted EBITDA to be approximately $13.2 billion while cumulative adjusted free cash flow from operations is forecast to be approximately $8.1 billion. During the period from 2031 to 2035, based on long-term commodity prices of $5.50/lb copper and $3,700/oz gold, cumulative adjusted EBITDA is forecast to be approximately $22.3 billion, and cumulative adjusted free cash flow from operations is forecast to be approximately $15.5 billion.
The company said its goal is to reach annual production of over 500,000 tonnes of copper and 550,000 ounces of gold.
At last close, Lundin Mining shares were trading at C$41.25, up 3.51%.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.