Revenue distribution by industry:

• Copper: approx. 70%
• Zinc: approx. 15%
• Nickel: approx. 10%
• Other metals (e.g. gold, silver): approx. 5%

TOP 3 Markets:

1. Europe: approx. 35%
2. North America: approx. 30%
3. Asia: approx. 25%

Lundin Mining Corporation generates the majority of its revenue from the copper business, highlighting the importance of this metal for the company. The geographical revenue distribution shows a strong presence in Europe, followed by North America and Asia. These markets are crucial for the company as they exhibit high demand for the mined metals, especially in the industrial and electronics production sectors.

Production sites of Lundin Mining Corporation:

1. Candelaria Mine, Chile
2. Eagle Mine, USA
3. Neves-Corvo Mine, Portugal
4. Zinkgruvan Mine, Sweden
5. Chapada Mine, Brazil

Lundin Mining Corporation is a diversified mining company focusing on the production of copper, nickel, and zinc. The main production sites are located in different countries to benefit from their respective geological advantages and resources. The Candelaria Mine in Chile is one of the company's most significant copper production sites. In the USA, Lundin operates the Eagle Mine, primarily known for nickel production. In Europe, the Neves-Corvo Mine in Portugal and the Zinkgruvan Mine in Sweden are important locations for zinc and copper extraction. The Chapada Mine in Brazil complements the portfolio with significant copper and gold production.

Strategic Growth Goals:

• Investments in Copper Projects: Focus on expanding existing mines and developing new projects.
• Sustainability Initiatives: Increase investments in environmentally friendly technologies and reduce the CO2 footprint.
• Geographical Diversification: Expand activities in South America and Africa.

Lundin Mining Corporation pursues a growth strategy that is heavily focused on increasing copper production. This includes both expanding existing mines and developing new projects to benefit from the rising demand for copper, especially in the renewable energy and electromobility sectors.

Another key aspect of the strategy is improving sustainability. The company is investing in environmentally friendly technologies and processes to reduce its CO2 footprint and meet ESG criteria requirements.

In addition, Lundin Mining is focusing on geographical diversification to diversify risks and tap into new markets. Expanding activities in resource-rich regions such as South America and Africa is a priority.

Main raw materials: Copper, Nickel, Zinc, Gold

Import countries: Brazil, Chile, Portugal, Sweden, USA

Lundin Mining Corporation is an internationally operating mining company specializing in the production of base metals such as copper, nickel, and zinc. The company operates mines in various countries, including Brazil, Chile, Portugal, Sweden, and the USA. These locations serve as both production sites and sources for the import of raw materials.

In Brazil and Chile, copper and gold are mainly produced. Portugal and Sweden focus on the production of zinc and nickel. The USA is also an important location for copper production. Lundin Mining does not import raw materials in the traditional sense, as the company mainly sources its materials from its own mines. However, certain auxiliary materials and operating supplies for mining can be imported from other countries to support production processes.

Market share in the copper sector: 5% (2024, estimate)
EBITDA margin: 35% (2024)
Resource reserves: 7 million tons of copper equivalent (2024, estimate)

Lundin Mining Corporation has a moderate competitive advantage in the mining sector, especially in the copper sector. The company benefits from a solid EBITDA margin of 35%, indicating efficient operations and cost control.

Lundin Mining's resource reserves are substantial, providing the company with a stable foundation for future production. The market share in the copper sector of approximately 5% indicates that the company plays a significant, but not dominant, role.

The competitive advantage is further strengthened by strategic investments in technology and sustainable practices, which are increasingly important in the industry.

Institutional Investor Share: Approx. 70% (estimated for 2025 based on historical data)

Insider Purchases/Sales: No significant changes reported (as of 2024)

The institutional investor share in Lundin Mining Corporation traditionally stands at around 70%, indicating the interest of large investment funds and institutional investors in the company's stable performance and growth prospects.

Regarding insider purchases and sales, there have been no significant changes in the past year, suggesting that the management has confidence in the company's future development. This can be seen as a positive signal for investors, as it indicates stable corporate governance and a positive outlook on future business performance.

Market share of Lundin Mining Corporation: Estimate 3-5% (2025)

Top competitors and their market shares:

1. BHP Group - approx. 15%
2. Rio Tinto - approx. 14%
3. Vale S.A. - approx. 13%
4. Glencore - approx. 12%
5. Anglo American - approx. 10%
6. Freeport-McMoRan - approx. 8%
7. Teck Resources - approx. 6%
8. Lundin Mining Corporation - approx. 3-5%
9. Southern Copper Corporation - approx. 3%
10. First Quantum Minerals - approx. 2-3%

Moat of Lundin Mining:

Lundin Mining Corporation has a moderate moat, mainly attributed to its geographic diversification and the quality of its mines. The company operates mines in different countries, reducing the risk of geopolitical uncertainties. Additionally, Lundin Mining has invested in technology and efficiency improvements in recent years to lower its production costs.

However, compared to larger competitors like BHP Group or Rio Tinto, which have more extensive resources and a larger global presence, the moat of Lundin Mining is less pronounced. These larger companies often have a stronger negotiating position, better economies of scale, and a broader product range, giving them a significant competitive advantage.

Overall, Lundin Mining has a solid moat, but less pronounced compared to industry leaders. The company needs to continue investing in efficiency and strategic partnerships to strengthen its competitive position.

Revenue Growth: 8.2% (2024) Profit Growth: 6.5% (2024) Copper Production: 250,000 tons (2024)

Lundin Mining Corporation demonstrates solid revenue growth of 8.2% in 2024, attributed to stable demand for its main products, especially copper. Copper production reached 250,000 tons, a key metric for the company as copper is a significant driver of revenue.

The profit growth of 6.5% in 2024 indicates that the company is operating efficiently and managing its costs well. This positive trend could be a result of successful cost-cutting measures and operational efficiency improvements.

Furthermore, in recent years, Lundin Mining has invested in expanding its mines and new projects, increasing the potential for future growth. These investments could lead to further increases in production capacity and revenue in the coming years.

Overall, Lundin Mining shows stable financial performance and growth prospects, making the stock a potentially good investment, especially for investors interested in commodity companies.

Dividend yield: 3.5% (2025) Dividend history: Continuous payout for over 10 years

Lundin Mining Corporation pays a dividend with a current dividend yield of 3.5%. The company has pursued a reliable dividend policy in recent years and has consistently maintained its dividend payments.

The reliability of the payout is supported by the stable financial performance and robust balance sheet of the company. In the past, Lundin Mining has proven capable of paying dividends even in times of market volatility, indicating a solid financial foundation.