Lundin Mining sets new record and aims for future heights

Chapada open pit. In addition to production goals, the Lundin company has also improved its environmental performance. After optimizing the use of chemicals, Lundin Mining received a revised environmental permit, demonstrating its commitment to reducing environmental impact. Photo: Lundin Mining

Lundin Mining, a prominent mining corporation, has recently shared its production results 2023 and looks forward to new objectives for 2024 to 2026. Known for producing metals such as copper, zinc, gold, and nickel, the company reports a successful year where it met or surpassed its goals across all metals.

Jack Lundin, President and CEO of Lundin Mining, shares the company's achievements in 2023, including a record in copper production, thanks to acquiring a 51% stake in the Caserones mine. This success paves the way for a bright future with plans to increase output further over the coming years.

Candelaria mine

In 2023, the company produced 314,798 tons of copper and over 550,000 tons of copper-equivalent metals, marking a record level for Lundin Mining. Notably, the Candelaria mine reached its production target with 152,012 tons of copper and 89,700 ounces of gold. Caserones exceeded expectations with a total production of 139,520 tons of copper for the year.

For 2024, Lundin Mining has set ambitious goals. The company plans to produce between 366,000 and 400,000 tons of copper, 195,000 to 215,000 tons of zinc, 155,000 to 170,000 ounces of gold, and 10,000 to 13,000 tons of nickel. These targets indicate a significant increase compared to 2023, especially for copper and zinc.

Vicuna district

Lundin Mining is focused on production, sustainability, and environmental concerns. The company has initiated extensive value optimization efforts across its sites in Latin America and started an exciting exploration program in the Vicuña district. Lundin Mining aims to continue creating value and contributing to sustainable development through these efforts.

With a strong foundation and ambitious plans, Lundin Mining is well-positioned for growth and success. CEO Jack Lundin emphasizes the company's pursuit of operational excellence and safety while meeting production goals at competitive costs. The future looks promising for Lundin Mining, with goals to continue leading the way in the mining industry with sustainable and profitable methods.

Source: Lundin Mining