LUNMF - Lundin Mining provides 2023 guidance and production outlook
- Lundin Mining ( OTCPK:LUNMF ) provides production guidance for the three-year period of 2023 through 2025, as well as cash cost, capital and exploration expenditure forecasts for 2023.
- 2023 capital expenditures are forecast to total $1.1B on a 100% basis.
- Exploration expenditures are planned to be $45M in 2023 primarily for in-mine and near-mine targets at our operations.
- 3-year production outlook: Copper production is forecast to be 236,000-260,000 t on a consolidated basis in 2023. Higher consolidated copper production of 256,000-280,000 t is forecast for 2024.
- Zinc production is forecast to increase to 180,000-195,000 t on a consolidated basis in 2023, increasing further over the three-year period to reach 225,000-240,000 t in 2025.
- Consolidated gold production is forecast to be 140,000-150,000 oz in 2023 and to be relatively constant through the three-year outlook period.
- Nickel production is to be 13,000-16,000 t in 2023 and to moderate over the three-year.
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Lundin Mining provides 2023 guidance and production outlook