Hudbay to Host Convention Name for Third Quarter 2024 Outcomes

Overseas Trade and Derivatives

Objects of great influence within the third quarter 2024 are anticipated to incorporate unaudited overseas trade and buying and selling beneficial properties on debt and fairness investments supporting the capital funding for the Josemaria Undertaking of roughly $7 million . Unaudited realized losses on overseas trade and unaudited realized beneficial properties on overseas trade and commodity by-product contracts weren’t vital within the quarter.

Within the third quarter 2024 the Firm can also be anticipated to acknowledge sure non-cash objects that can influence the Firm’s earnings however not adjusted EBITDA, adjusted earnings or adjusted earnings per share. These embrace an unaudited non-cash unrealized loss on overseas trade of roughly $13 million on a pre-tax foundation, and an unaudited non-cash unrealized acquire of roughly $31 million on a pre-tax foundation associated to the mark-to-market valuation of the Firm’s unexpired overseas trade and commodity by-product contracts.

Provisional Pricing Changes

Income throughout the third quarter 2024 is predicted to be negatively impacted by unaudited provisional pricing changes on prior interval focus gross sales of roughly $5 million on a pre-tax foundation. These changes primarily embrace downward changes in relation to prior interval copper and molybdenum gross sales, partially offset by upward changes in relation to prior interval gold gross sales.

Eagle East Rehabilitation

In the course of the third quarter ramp rehabilitation at Eagle East continued to progress. An unaudited quantity of roughly $15 million , associated to overhead prices from the partial suspension of underground operations, is predicted to influence the Firm’s earnings for the quarter. This quantity can be excluded from adjusted EBITDA, adjusted earnings, and adjusted earnings per share. Mining charges are anticipated to extend throughout the fourth quarter of 2024.

Third Quarter 2024 Outcomes Convention Name and Webcast Particulars

The Firm will launch its third quarter 2024 operations and monetary outcomes after market shut on Wednesday, November 6, 2024 , and can maintain a webcast and convention name on Thursday, November 7, 2024 to current the outcomes. Webcast and convention name particulars are supplied beneath.

Webcast / Convention Name Particulars:

Date: Thursday, November 7, 2024

Time: 7:00 AM PT | 10:00 AM ET

Hear Solely Webcast: WEBCAST LINK

Dial In for Investor & Analyst Q&A: DIAL IN LINK

To take part within the name click on on the dial in LINK above and full the web registration type. As soon as registered you’ll obtain the dial-in info and a novel PIN to affix the decision and ask questions.

A replay of the webcast can be out there by clicking on the webcast LINK above and can be archived on the Firm’s web site for a restricted time period.

About Lundin Mining

Lundin Mining is a diversified Canadian base metals mining firm with operations and tasks in Argentina , Brazil , Chile , Portugal , Sweden and the US of America , primarily producing copper, zinc, gold and nickel.

The data was submitted for publication, by way of the company of the contact individuals set out beneath on October 16, 2024 at 14:30 Pacific Time .

Cautionary Assertion on Ahead-Trying Info

Sure of the statements made and knowledge contained herein are “forward-looking info” inside the which means of relevant Canadian securities legal guidelines. All statements aside from statements of historic details included on this doc represent forward-looking info, together with however not restricted to statements concerning the Firm’s plans, prospects and enterprise methods; anticipated objects of great influence within the third quarter 2024, and the anticipated influence on the Firm’s earnings, income, adjusted EBITDA, adjusted earnings or adjusted earnings per share; the completion of the acquisition of Filo and the timing thereof; the institution and operation of a brand new three way partnership with BHP; the belief of synergies within the Vicuña district; the identification of extra worth creation alternatives; the Firm’s steerage on the timing and quantity of future manufacturing and its expectations concerning the outcomes of operations; anticipated prices; allowing necessities and timelines; the outcomes of any Preliminary Financial Evaluation, Pre-Feasibility Examine, Feasibility Examine, or Mineral Useful resource and Mineral Reserve estimations, the Firm’s potential to adjust to contractual and allowing or different regulatory necessities; anticipated exploration and growth actions on the Firm’s tasks; growth tasks and the belief of extra worth; the Firm’s integration of acquisitions and expansions and any anticipated advantages thereof; the Firm’s potential to grow to be a prime tier copper producer; and expectations for different financial, enterprise, and/or aggressive elements. Phrases equivalent to “consider”, “count on”, “anticipate”, “ponder”, “goal”, “plan”, “aim”, “intention”, “intend”, “proceed”, “finances”, “estimate”, “could”, “will”, “can”, “might”, “ought to”, “schedule” and comparable expressions determine forward-looking info.

Ahead-looking info is essentially based mostly upon numerous estimates and assumptions together with, with out limitation, the expectations and beliefs of administration, together with that the Firm can entry financing, applicable gear and ample labour; assumed and future value of copper, zinc, nickel, gold and different metals; anticipated prices; potential to realize objectives and determine and understand alternatives; the immediate and efficient integration of acquisitions, together with the completion of every of the acquisition of Filo, the institution of the three way partnership with BHP  and the belief of synergies and economies of scale in connection therewith; the immediate and efficient integration of acquisitions; that the political atmosphere by which the Firm operates will proceed to assist the event and operation of mining tasks; and assumptions associated to the elements set forth beneath. Whereas these elements and assumptions are thought-about affordable by Lundin Mining as on the date of this doc in mild of administration’s expertise and notion of present situations and anticipated developments, these statements are inherently topic to vital enterprise, financial and aggressive uncertainties and contingencies. Identified and unknown elements might trigger precise outcomes to vary materially from these projected within the forward-looking info and undue reliance shouldn’t be positioned on such info. Such elements embrace, however aren’t restricted to: international monetary situations, market volatility and inflation, together with pricing and availability of key provides and companies; dangers inherent in mining together with however not restricted to dangers to the atmosphere, industrial accidents, catastrophic gear failures, uncommon or sudden geological formations or unstable floor situations, and pure phenomena equivalent to earthquakes, flooding or unusually extreme climate; uninsurable dangers; volatility and fluctuations in metallic and commodity demand and costs; vital reliance on property in Chile ; status dangers associated to unfavorable publicity with respect to the Firm or the mining trade typically; delays or the lack to acquire, retain or adjust to permits; dangers referring to the event of the Josemaria Undertaking; well being and security legal guidelines and rules; dangers related to local weather change; dangers referring to indebtedness; financial, political and social instability and mining regime adjustments within the Firm’s working jurisdictions, together with however not restricted to these associated to allowing and approvals, nationalization or expropriation with out truthful compensation, environmental and tailings administration, labour, commerce relations, and transportation; incapacity to draw and retain extremely expert workers; dangers inherent in and/or related to working in overseas international locations and rising markets, together with with respect to overseas trade and capital controls; challenge financing dangers, liquidity dangers and restricted monetary assets; well being and security dangers; compliance with environmental, unavailable or inaccessible infrastructure, infrastructure failures, and dangers associated to ageing infrastructure; altering taxation regimes; the lack to successfully compete within the trade; dangers related to acquisitions partnerships, together with the completion of every of the acquisition of Filo and the institution of the three way partnership with BHP; expansions and  associated integration efforts, together with the power to realize anticipated advantages, unanticipated difficulties or expenditures referring to integration and diversion of administration time on integration; dangers associated to mine closure actions, reclamation obligations, environmental liabilities and closed and historic websites; reliance on key personnel and reporting and oversight methods, in addition to third events and consultants in overseas jurisdictions; info expertise and cybersecurity dangers; dangers related to the estimation of Mineral Sources and Mineral Reserves and the geology, grade and continuity of mineral deposits together with however not restricted to fashions relating thereto; precise ore mined and/or metallic recoveries various from Mineral Useful resource and Mineral Reserve estimates, estimates of grade, tonnage, dilution, mine plans and metallurgical and different traits; ore processing effectivity; neighborhood and stakeholder opposition; regulatory investigations, enforcement, sanctions and/or associated or different litigation; monetary projections, together with estimates of future expenditures and money prices, and estimates of future manufacturing will not be dependable; imposing authorized rights in overseas jurisdictions; dangers related to the usage of derivatives; dangers referring to joint ventures and operations; environmental and regulatory dangers related to the structural stability of waste rock dumps or tailings storage services; trade price fluctuations; compliance with overseas legal guidelines; potential for the allegation of fraud and corruption involving the Firm, its prospects, suppliers or workers, or the allegation of improper or discriminatory employment practices, or human rights violations; dangers referring to dilution; dangers referring to cost of dividends; counterparty and buyer focus dangers; activist shareholders and proxy solicitation issues; estimation of asset carrying values; relationships with workers and contractors, and the potential for and results of labour disputes or different unanticipated difficulties with or shortages of labour or interruptions in manufacturing; conflicts of curiosity; existence of great shareholders; challenges or defects in title; inside controls; dangers referring to minor components contained in focus merchandise; the menace related to outbreaks of viruses and infectious ailments; mining charges and rehabilitation tasks; mill shut downs; and different dangers and uncertainties, together with however not restricted to these described within the ” Dangers and Uncertainties” part of the Firm’s MD&A for the three and 6 months ended June 30, 2024 and the “Dangers and Uncertainties” part of the Firm’s Annual Info Type for the 12 months ended December 31, 2023 , which can be found on SEDAR+ at www.sedarplus.com below the Firm’s profile.

The entire forward-looking info on this doc are certified by these cautionary statements. Though the Firm has tried to determine vital elements that might trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different elements that trigger outcomes to not be as anticipated, estimated, forecasted or supposed and readers are cautioned that the foregoing listing will not be exhaustive of all elements and assumptions which can have been used. Ought to a number of of those dangers and uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes could fluctuate materially from these described in forward-looking info. Accordingly, there could be no assurance that forward-looking info will show to be correct and forward-looking info will not be a assure of future efficiency. Readers are suggested to not place undue reliance on forward-looking info. The forward-looking info contained herein speaks solely as of the date of this doc. The Firm disclaims any intention or obligation to replace or revise ahead   ‐   trying info or to clarify any materials distinction between such and subsequent precise occasions, besides as required by relevant regulation.

SOURCE Lundin Mining Company

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