2023-10-18 10:46:36 ET
- Lundin Mining ( TSX: LUN:CA ) Tuesday said it expects to recognize non-cash unrealized loss of about $48 million on a pre-tax basis related to the mark-to-market valuation of the company's unexpired foreign exchange and diesel derivative contracts.
- Lundin said this non-cash loss will impact the company's earnings but not adjusted EBITDA, adjusted earnings or adjusted earnings per share.
- Lundin ( LUN:CA ) further said, items of significant impact in the third quarter are expected to include foreign exchange and trading gains on debt and equity investments supporting the capital funding for the Josemaria Project of about $15 million, and realized gains on foreign exchange and diesel derivative contracts of about $13 million on a pre-tax basis.
- Lundin is scheduled to report Q3 earnings on Wednesday, November 1.
- The stock is down 1.23% to $9.21.
For further details see:
Lundin Mining flags losses related to certain derivates in Q3