Nickel production slides in Lundin Mining's Q3

Lundin Mining (TSX:LUN) reported cash flows of $523.1 million generated from operations in its third quarter.

Gross profit for the quarter ended September 30, 2021 was $303.9 million, an increase of $104.6 million compared to the prior year quarter.

Net earnings for the quarter ended September 30, 2021 were $190.6 million, an increase of $57.0 million compared to the prior year quarter. Net earnings for the quarter ended September 30, 2021 were $190.6 million, an increase of $57.0 million compared to the prior year quarter.

Total copper, zinc and gold production for the third quarter of 2021 were higher than the prior year quarter and previous quarter while nickel production declined as expected, due to lower grades.

Outlook is unchanged for 2021. Copper is estimated between 255,000 to 267,000 tonnes, zinc ranging from 140,000 to 146,000 tonnes, gold between 73,000 to 76,000 ounces and nickel ranging from 18,000 to 20,000 tonnes.

By Kitco News

For Kitco News

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