Industria
Lundin Mining Pre-Announces Items Impacting the Second Quarter 2024 Results
Items of significant impact in the second quarter 2024 are expected to include unaudited foreign exchange and trading gains on debt and equity investments supporting the capital funding for the Josemaria Project of approximately $10 million . Unaudited realized gains on foreign exchange and unaudited realized losses on foreign exchange and commodity derivative contracts were not significant in the quarter.
In the second quarter 2024 the Company is also expected to recognize certain non-cash items that will impact the Company's earnings but not adjusted EBITDA, adjusted earnings or adjusted earnings per share. These include an unaudited non-cash unrealized loss on foreign exchange of approximately $3 million on a pre-tax basis, and an unaudited non-cash unrealized gain of approximately $4 million on a pre-tax basis related to the mark-to-market valuation of the Company's unexpired foreign exchange and commodity derivative contracts.
Revenue in the second quarter 2024 is expected to be positively impacted by unaudited provisional pricing adjustments on prior period concentrate sales of approximately $95 million on a pre-tax basis. These adjustments primarily include upward adjustments in relation to prior period copper and zinc sales.
The financial results for the three and six months ended June 30, 2024 , will be published on Tuesday, July 30, 2024.
The Company will hold a telephone conference call and webcast at [ 07:00 PDT , 10:00 EDT , 16:00 CET ] on Wednesday, July 31, 2024 to present the second quarter 2024 financial results. Conference call details are provided below. Please dial in 15 minutes prior to the call start to ensure placement into the conference on time.
To view the live webcast presentation, please log on using this direct link:
https://onlinexperiences.com/Launch/QReg/ShowUUID=18767674-226F-434D-9E5D-DA6FED51253F&LangLocaleID=1033
The presentation slideshow will also be available in PDF format on the Lundin Mining website www.lundinmining.com before the conference call.
A replay of the telephone conference will be available after the completion of the call through October 15, 2024 .
Call-in numbers for the replay are ( North America ): [+1 888 660 6264]
The passcode for the replay is: [21940]
A replay of the webcast will be available by clicking on the [ direct link ] above.
Lundin Mining is a diversified Canadian base metals mining company with operations and projects in Argentina , Brazil , Chile , Portugal , Sweden and the United States of America , primarily producing copper, zinc, gold and nickel.
The information was submitted for publication, through the agency of the contact persons set out below on July 17, 2024 at 5:30 Eastern Time .
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