Lundin Mining Surpasses Q2 Earnings Expectations Amid Copper Price Surge

Lundin Mining reported robust Q2 earnings, exceeding expectations with revenue of over $1.2 billion and adjusted EBITDA of $658 million.

The company's President and CEO, Jack Lundin, stated that production was consistent across its three operating mines, with copper output reaching 76,900 tonnes at a consolidated cash cost of $2.11 per pound.

Copper sales were below recent levels, but the record realized price of $6.51 per pound more than made up for it, offsetting lower volumes.