Lundin Mining Corp.

Lundin Mining Corp. (TSX: LUN) is a diversified Canadian base metals mining company with operations in Brazil Chile Portugal Sweden and the United States of America producing copper zinc gold and nickel. Its material mineral properties include Candelaria Chapada Eagle and Neves-Corvo.

As per our previous ‘Earnings Hunter’ Report published on LUN as on 24^th November 2025, Kalkine provided an ‘Attractive’ stance on the stock at CAD 24.48 based on ‘Earnings Hunter Score’, and the stock price is now trading near to the Resistance level. Furthermore, the volatility under the commodities is at higher side which might restrict the upside at current levels.

 Noted below are the details of support and resistance levels provided in our previous report:

LUN’s Daily Chart 

Considering the resistance, risk-reward scenario, current trading levels and uncertain macro environment, the stock seems ‘Unattractive’ at the closing market price of CAD 26.80 (as on 3^rd December 2025).  

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate. 

Lundin Mining Corp. (TSX: LUN) is a part of Kalkine’s Earnings Hunter Report 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 24^th November 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the Toronto Stock Exchange (TSX) and or REFINITIV. Typically, both sources (TSX and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’