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LUNMF - Lundin Mining: High Long-Term Potential But Still Volatile Now
Lundin Mining Corp
I covered Lundin Mining (OTCPK:LUNMF), a diversified copper and zinc-focused base metals mining company, in June 2019. Back then, my sentiment was neutral, as trade war repercussions and a volatile copper price that stemmed from worrying Chinese economic data have taken a toll on Lundin's market value. Since then the company presented its Q2 and H1 2019 results, disappointed a bit with cost overruns at the Neves-Corvo Zinc Expansion Project and deferred project work to 2020, and also notified the market that it had increased its credit facility.