BASE METALS: Lundin offers plans for next three years

[caption id="attachment_1003721134" align="aligncenter" width="461"] The Candelaria pit in Chile. (Image: Lundin Mining)[/caption] TORONTO – Lundin Mining Corp. has provided new production guidance for the three-year period beginning in 2018. In 2020, the company expects to be producing as much as 201,000 tonnes of copper, 244,000 tonnes of zinc, and 16,000 tonnes of nickel. Significant investments in both the Candelaria copper mine and mill in Chile will increase copper production going forward from 2021. However, production forecast for 2018 and 2019 have been lowered as the life-of-mine pit plan is being reworked to address localized pit wall instability after the recent landslide. In Portugal, the Neves-Corvo zinc expansion project will increase in 2019 and again in 2020 by 60% over 2018 levels. First production is on schedule for the second half of 2019. The mine is also a producer of copper. Nickel numbers remain in line with previous guidance. The company has received the final approval to development and mine the Eagle East nickel-copper deposit in Upper Michigan. Lundin is expecting final approval to treat that ore at its Humboldt mill by mid-2018. At the Zinkgruvan zinc-lead mine in Sweden, expansion of the mill to 1.35 million t/y was completed in the middle of last year. Work continues to improve ore feed characteristic, tonnage throughput, metal recovery, and overall concentrate quality. Visit www.LundinMining.com for additional information, including technical reports.