RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%
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Lundin Mining Q3 2023: Revenue Soars 53%, Gross Profit Doubles
Image source: © Senodenimous | Megapixl.com
Highlights
Canada-based diversified base metals mining company, Lundin Mining Corporation (TSX: LUN) is involved in mining, exploration, and development of mineral properties in the USA, Portugal, Sweden Chile, and Brazil. Its main interest lies in production of gold, copper, zinc, and nickel.
In Q3 2023, the company saw its top-line business grow by over 53% from USD 648.4 million in Q3 2022 to USD 992.1 million. This was mainly because of increase in production as well as realized copper price. Its gross profit increased from USD 82.5 million in Q3 2022 to USD 197.2 million in Q3 2023. LUN’s adjusted EBITDA grew from USD 202 million in pcp to USD 415 million for the reporting period.
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