Lundin Mining LUN

TSX | Producer | Copper
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Updated: 15 Sep 2026 Base analysis: 20 Jul 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Clear

Existing position can be maintained pending upcoming reports.

Strong balance sheet, record results and maintained guidance support the hold signal despite short-term operational disruptions.

Market sentiment Positive ↑
Trend: Improving

The market is reacting negatively to weather-related production disruptions and lowered guidance, but long-term positive sentiment around copper exposure and the Vicuña partnership remains.

Risk assessment Medium
Dilution: Low Strong cash and positive cash flow
Jurisdiction: Medium Operations in Chile and Argentina
Execution: Medium Large capital-intensive projects remain

HOLD is the call. Positive is the market mood. Medium risk means some things can go wrong.

Latest change
  • 15 Sep 2026 — ▲ The cash shift is driven by Q2 operating results and cash flow shown in the key figure update.

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About the company

Lundin Mining is a base metals producer focused on copper. The company operates mines in Chile, Brazil and Argentina and generates strong cash flow.

Sector: Copper
Type: Producer
Next report (Q3)
4 Nov 2026
Catalysts
○
Q4 2026
Vicuña investment decision High
Bull case

Strong cash flows and record results provide support for the share while political risk in Argentina decreases.

Bear case

Volatile metal prices and political risk in South America may pressure valuation.

Why this signal

Strong balance sheet, record results and maintained guidance support the hold signal despite short-term operational disruptions.

Recent news
  • The company awarded contracts for sections A1 and A2 of the Northern Corridor in Argentina via Vicuña Corp, an important milestone for Josemaria and Filo del Sol. Storm-related disruptions at Caserones have led to lowered full-year production guidance.

Key figures

Revenue
Q2 2026
USD 1.2B
EBITDA
Q2 2026
USD 658M
Net income
Q2 2026
USD 278M
Cash
Q2 2026
USD 396M
Shares outstanding
Q2 2026
RAW 851M
EPS
Q2 2026
USD 0.33
Exchange
TSX
Type
Producer
Sector
Copper
Lundin Mining LUN
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.