Lundin lowers copper output guidance, raises zinc for 2022-24

Canada’s Lundin Mining has reduced its three-year copper production guidance figure because of a lower contribution expected from the Candelaria unit in Chile, but it increased the outlook for zinc due to higher metal recovery rates at Zinkgruvan in Sweden, the company said on Monday November 22.

Toronto-based Lundin expected full-year copper output in 2022 to reach 258,000-282,000 tonnes, falling to 250,000-274,000 tonnes in 2023 before recovering to 262,000-286,000 tonnes in 2024. During the first nine months of 2021, it produced 185,888 tonnes of copper.
In its previous three-year outlook plan, the company had estimated 281,000-305,000 tonnes for 2022 and 278,000-302,000 tonnes in the subsequent year.

According to Lundin, a debottlenecking strategy at Candelaria will enable increased...


Renato Rostás

November 23, 2021

13:40 GMT

São Paulo