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Copper output of Lunding Mining Company increased by 37% in the second quarter compared with the same period last year. Lead and zinc production declined year on year.
Jul 30,2020 13:50CST
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Source:SMM compilation
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SMM7 March 30: recently, Lunding Mining (Lundin Mining) released its second-quarter results. During the reporting period, the company's copper production totaled 65285 tons, up 37% from the same period last year, compared with 47685 tons in the same period last year. Zinc production was 31582 tons, down 15% from the same period last year, and 37116 tons in the same period last year. Nickel production was 3380 tons, basically the same as the same period last year; lead production was 5358 tons, down 29% from the same period last year; gold production was 44000 ounces.

In 2020, Lunding Mining plans to produce 25.1-274000 tons of copper, 14.2-152000 tons of zinc, 16.5-180000 ounces of gold and 1.5-18000 tons of nickel.

List of output targets of Lunding Mining in 2020

During the reporting period, the company's adjusted EBITDA totaled $232 million, up 258 per cent from a year earlier, while revenue was $533 million, up 44 per cent from a year earlier.

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