Lundin Mining Corporation (LUN.TO) Thursday reported fourth-quarter net loss of $17.1 million or $0.03 per basic share, compared to profit of $36.1 million or $0.06 per basic share last year.
Fourth-quarter earnings were affected by a non-cash impairment charge of $67.3 million from a write down of mineral properties, plant and equipment and goodwill at the Aguablanca mine.
Excluding impairment, earnings were $45.0 million compared to $71.9 million last year.
Sales for the quarter dropped to $176.4 million from $242.1 million last year.
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