CA - Lundin Mining Corporation (LUNMF) Q1 2024 Earnings Call Transcript
2024-05-03 13:21:08 ET
Lundin Mining Corporation (LUNMF)
Q1 2024 Earnings Conference Call
May 2, 2024 10:00 ET
Company Participants
Jack Lundin - President and Chief Executive Officer
Teitur Poulsen - Executive Vice President and Chief Financial Officer
Juan Andres Morel - Executive Vice President and Chief Operating Officer
Tim Walmsley - Vice President, Exploration
Conference Call Participants
Orest Wowkodaw - Scotiabank
Jackie Przybylowski - BMO Capital
Bryce Adams - CIBC Capital Markets
Ralph Profiti - Eight Capital
Ioannis Masvoulas - Morgan Stanley
Stefan Ioannou - Cormark Securities
Dalton Baretto - Canaccord
Greg Barnes - TD Securities
Daniel Major - UBS
Pierre Vaillancourt - Haywood Securities
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to the Lundin Mining First Quarter 2024 Financial Results and Webcast Conference Call. [Operator Instructions] This call is being recorded on Thursday, May 2, 2024. I would now like to turn the conference over to Jack Lundin, President and CEO. Please go ahead.
Jack Lundin
Good morning, everyone and thank you for joining Lundin Mining’s first quarter 2024 conference call. Yesterday, we reported our operating and financial results for Q1. A copy of our press release and presentation are available on our website where a replay will also be made available. All figures presented in this presentation are in U.S. dollars unless otherwise noted.
Before we begin our presentation, I would like to remind the audience that yesterday’s results and certain comments on the call include forward-looking information, and by their nature, are subject to risks and uncertainties. For further information, I will draw your attention to the cautionary statements on Slide 2 for reference and our latest relevant filings on SEDAR.
On the call with me today, I’m joined by other senior members of our executive team. Teitur Poulsen, our Executive Vice President and Chief Financial Officer; and Juan Andres Morel, our Executive Vice President and Chief Operating Officer.
Operationally, our assets performed in line with expectations during the quarter. Copper production is planned to be second half weighted this year as higher throughput and improved grade profiles, specifically from Candelaria, our largest station, which represents over 40% of our output, is anticipated. As a result, quarterly copper production for the company was 88,000 tons, and we are on track to meet our annual guidance, which is ranged between 366,000 tons to 400,000 tons. 46,000 tons of zinc were produced, and 33,000 ounces of gold were produced in the quarter. Higher zinc and gold production are planned to be back half weighted and Juan Andres will touch on each asset in more detail shortly....
Lundin Mining Corporation (LUNMF) Q1 2024 Earnings Call Transcript