Lundin Mining Corporation (LUN) Financials
TSX: LUN · Copper · Production stage
- Market cap$25.46B
- Share price$29.91
- 52-week range$21.42 – $45.74
- Shares outstanding851,359,558
- ExchangeTSX
- Websitelundinmining.com
Lundin Mining is a Canadian mining company headquartered in Vancouver, Canada with three operating mines in Brazil and Chile. We produce metals that underpin global development, supporting infrastructure, electrification, technological innovation, and economic resilience. Our strategic vision is to become a top ten global copper producer. To get there, we are executing a clear growth strategy, which includes advancing one of the world's largest copper, gold, and silver projects in the Vicuna District on the border of Argentina and Chile, where we hold a 50% interest. We also hold a 31% interest in the Los Helados project, located adjacent to our operating Caserones mine, providing longer term growth optionality. Lundin Mining has a proven track record of value creation through resource growth, operational excellence, and responsible development. The Company's shares trade on the Toronto Stock Exchange (LUN) and Nasdaq Stockholm (LUMI). Learn more at www.lundinmining.com .
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Lundin Mining Corporation financial statements
Key figures read from 45 of 45 financial statement filings, Oct 26, 2016 to Aug 5, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| Dec 2025 millions | Dec 2024 thousands | Dec 2023 thousands | Dec 2022 thousands | Dec 2021 thousands | |
|---|---|---|---|---|---|
| Cash and equivalents | US$296.2 | US$357,478 | US$268,793 | US$191,387 | US$594,069 |
| Short-term investments | US$8.1 | US$50,105 | — | — | — |
| Total current assets | US$2,036.3 | US$2,936,943 | US$1,791,148 | US$1,218,769 | US$1,526,585 |
| Total current liabilities | US$1,240.5 | US$1,711,692 | US$1,210,033 | US$950,148 | US$787,543 |
| Working capital | US$795.8 | US$1,225,251 | US$581,115 | US$268,621 | US$739,042 |
| Exploration and evaluation assets | US$7,036.4 | US$6,244,634 | US$7,725,169 | US$5,975,686 | US$5,050,899 |
| Total assets | US$10,820.6 | US$10,406,712 | US$10,861,199 | US$8,172,804 | US$7,636,907 |
| Debt | US$237.1 | US$2,006,157 | US$1,485,808 | US$197,328 | US$31,003 |
| Total liabilities | US$2,874.5 | US$4,890,948 | US$4,443,079 | US$2,747,683 | US$2,644,174 |
| Shareholders' equity | US$7,946.1 | US$5,515,764 | US$6,418,120 | US$5,425,121 | US$4,992,733 |
Income statement: annual key figures
US dollars (US$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 millions | FY Dec 2024 thousands | FY Dec 2023 thousands | FY Dec 2022 thousands | FY Dec 2021 thousands | |
|---|---|---|---|---|---|
| Revenue | US$4,053.2 | US$3,422,604 | US$3,392,077 | US$3,041,228 | US$3,328,765 |
| Cost of sales | (US$1,948.1) | (US$1,898,627) | (US$2,086,108) | (US$1,661,358) | (US$1,436,278) |
| Exploration and evaluation expense | (US$43.5) | (US$45,352) | (US$55,692) | (US$144,353) | (US$44,938) |
| General and administrative | (US$63.9) | (US$58,349) | (US$66,723) | (US$53,879) | (US$52,196) |
| Impairments and write-downs | (US$88.2) | US$26,626 | US$0 | (US$62,546) | — |
| Net income (loss) | US$1,417.7 | US$153,354 | US$315,249 | US$463,533 | US$879,301 |
Cash flow statement: annual key figures
US dollars (US$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 millions | FY Dec 2024 thousands | FY Dec 2023 thousands | FY Dec 2022 thousands | FY Dec 2021 thousands | |
|---|---|---|---|---|---|
| Operating cash flow | US$1,207.9 | US$1,300,848 | US$1,016,612* | US$876,889* | US$1,484,954* |
| Investing cash flow | US$707.2 | (US$855,369) | (US$1,674,534)* | (US$1,013,367)* | (US$520,013)* |
| Financing cash flow | (US$2,080.3) | (US$349,774) | US$728,586* | (US$251,626)* | (US$496,643)* |
| Exploration spending (capitalized) | (US$684.6) | (US$807,307) | (US$1,013,117) | (US$842,903) | (US$532,097) |
| Proceeds from share issues | US$10.2 | US$21,023 | US$11,376 | US$26,177 | US$15,275 |
| Change in cash | (US$114.1) | US$163,486 | US$77,406 | (US$402,682) | US$452,622 |
| Cash at end of period | (US$22.0) | (US$74,801) | US$268,793 | US$191,387 | US$594,069 |
* Calculated from the statement's own lines: the company did not print this total with a label.
No financings are on record for Lundin Mining Corporation yet.