LUNMF - Lundin Mining: Not Cheap But A Good Way To Increase Copper Exposure
2024-03-20 10:30:00 ET
Summary
- Lundin Mining posted record-high copper production in 2023, resulting in a total revenue of $3.4B.
- The company's net income was $315M, with an EPS of $0.31.
- Lundin Mining expects to produce 366,000-400,000 tonnes of copper in 2024 (on a 100% basis).
Introduction
I have been following Lundin Mining ( LUN:CA ) ( LUNMF ) for several years now as I consider it to be one of the best-managed copper companies out there. The Lundin family has an excellent reputation in the commodities sector (mainly known for their hard rock mining companies and projects, but the energy divisions are also held in high regard). Its mines are located all over the world which helps to spread and reduce the geopolitical risks. As most of the mines have a pretty long remaining mine life, I still consider Lundin Mining to offer an excellent exposure to the copper price....
Lundin Mining: Not Cheap, But A Good Way To Increase Copper Exposure