Lundin Mining Pronounces Labour Settlement at Caserones Mine

TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Company (“Lundin Mining” or the “Firm”) is happy to announce in the present day that an settlement has been reached with the union at Caserones and accepted by the vast majority of the union members by way of a vote. Additional to the press launch dated August 12, 2024 entitled “Lundin Mining Gives Replace on Labour Negotiations at its Caserones Mine” a brand new collective bargaining settlement shall be signed imminently. The Firm will now concentrate on a secure back-to-work plan and an environment friendly ramp-up of operations which has been operating at roughly 50% capability through the labour motion. View PDF model

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 knowledge was submitted for publication, by way of the company of the contact individuals set out beneath on August 24, 2024 at 17:00 Vancouver Time.

Cautionary Assertion on Ahead-Wanting Info

Sure of the statements made and data contained herein are “forward-looking info” throughout the that means of relevant Canadian securities legal guidelines. All statements aside from statements of historic information included on this doc represent forward-looking info, together with however not restricted to statements concerning the Firm’s plans, prospects and enterprise methods; the Firm’s method to decision and procedures concerning the strike and its expectations concerning the return to regular operations; 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; timing and potential end result of pending litigation; the outcomes of any Preliminary Financial Evaluation, Pre-Feasibility Research, Feasibility Research, or Mineral Useful resource and Mineral Reserve estimations, lifetime of mine estimates, and mine and mine closure plans; anticipated market costs of metals, forex trade charges, and rates of interest; the event and implementation of the Firm’s Accountable Mining Administration System; the Firm’s means to adjust to contractual and allowing or different regulatory necessities; anticipated exploration and improvement actions on the Firm’s tasks; enlargement tasks and the conclusion of extra worth; expectations concerning, and skill to finish, the acquisition of Filo Corp. and the 50/50 three way partnership with BHP; the anticipated improvement and different plans with respect to the acquisition and three way partnership; the Firm’s integration of acquisitions and expansions and any anticipated advantages thereof; and expectations for different financial, enterprise, and/or aggressive components. Phrases similar to “consider”, “count on”, “anticipate”, “ponder”, “goal”, “plan”, “aim”, “purpose”, “intend”, “proceed”, “finances”, “estimate”, “might”, “will”, “can”, “might”, “ought to”, “schedule” and related expressions establish forward-looking info.

Ahead-looking info is essentially primarily based 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 enough labour; assumed and future value of copper, zinc, gold, nickel and different metals; anticipated prices; means to realize objectives; the immediate and efficient integration of acquisitions; that the political setting wherein the Firm operates will proceed to assist the event and operation of mining tasks; and assumptions associated to the components set forth beneath. Whereas these components and assumptions are thought of cheap by Lundin Mining as on the date of this doc in gentle of administration’s expertise and notion of present situations and anticipated developments, these statements are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies. Recognized and unknown components 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 components embrace, however aren’t restricted to: the shortcoming to resolve labour disruptions; 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 setting, industrial accidents, catastrophic gear failures, uncommon or sudden geological formations or unstable floor situations, and pure phenomena similar to earthquakes, flooding or unusually extreme climate; uninsurable dangers; volatility and fluctuations in steel and commodity demand and costs; important reliance on property in Chile ; repute dangers associated to unfavourable publicity with respect to the Firm or the mining business usually; delays or the shortcoming to acquire, retain or adjust to permits; dangers regarding the event of the Josemaria Mission; well being and security legal guidelines and rules; dangers related to local weather change; dangers regarding 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; lack of ability to draw and retain extremely expert staff; dangers inherent in and/or related to working in international international locations and rising markets, together with with respect to international trade and capital controls; venture financing dangers, liquidity dangers and restricted monetary sources; well being and security dangers; compliance with environmental, unavailable or inaccessible infrastructure, infrastructure failures, and dangers associated to ageing infrastructure; altering taxation regimes; the shortcoming to successfully compete within the business; the shortcoming to presently management Filo Corp. and the flexibility to fulfill the situations and consummate the acquisition of Filo Corp. and the three way partnership transaction with BHP on the proposed phrases and anticipated schedule; dangers related to acquisitions, expansions and associated integration efforts, together with the flexibility to realize anticipated advantages, unanticipated difficulties or expenditures regarding 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 techniques, in addition to third events and consultants in international jurisdictions; info expertise and cybersecurity dangers; dangers related to the estimation of Mineral Assets 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 steel 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 might not be dependable; implementing authorized rights in international jurisdictions; dangers related to using derivatives; dangers regarding joint ventures and operations; environmental and regulatory dangers related to the structural stability of waste rock dumps or tailings storage services; trade fee fluctuations; compliance with international legal guidelines; potential for the allegation of fraud and corruption involving the Firm, its clients, suppliers or staff, or the allegation of improper or discriminatory employment practices, or human rights violations; dangers regarding dilution; dangers regarding fee of dividends; counterparty and buyer focus dangers; activist shareholders and proxy solicitation issues; estimation of asset carrying values; relationships with staff 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 regarding minor parts contained in focus merchandise; the risk related to outbreaks of viruses and infectious illnesses; 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 Kind for the 12 months ended December 31, 2023 , which can be found on SEDAR+ at www.sedarplus.com beneath the Firm’s profile.

The entire forward-looking info on this doc are certified by these cautionary statements. Though the Firm has tried to establish vital components that would trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different components that trigger outcomes to not be as anticipated, estimated, forecasted or supposed and readers are cautioned that the foregoing checklist isn’t exhaustive of all components 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 might range 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 isn’t 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 ‐ wanting info or to clarify any materials distinction between such and subsequent precise occasions, besides as required by relevant legislation.