Lundin Mining: A Profitable Copper Miner With Great, Long-Term Growth Prospects
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Lundin Mining is divesting its European mines for $1.52B to focus on South American assets, improving its balance sheet. The company reported strong Q3 2024 results with $1,073M in revenues and an adjusted EBITDA of $458M. Its valuation is attractive, making it a good buy for copper exposure.
January 05, 2025 | 3:00 pm
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Lundin Mining is selling its European mines for $1.52B to focus on South American assets, which should improve its balance sheet. The company reported strong Q3 2024 results, making it an attractive investment for copper exposure.
The divestment of European mines for $1.52B will improve Lundin Mining's balance sheet, allowing it to focus on more profitable South American assets. The strong Q3 2024 results with high revenues and EBITDA indicate solid performance, making the stock attractive for investors seeking copper exposure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100