Lundin Mining Reveals 2025 Production Results and 2026 Outlook
Lundin Mining Corporation recently announced its production results for 2025 and provided an overview of its outlook for 2026 through 2028. The Vancouver-based company successfully met its production guidance for all metals, marking the third consecutive year of achieving consolidated production targets. This commitment to operational consistency is a testament to their disciplined planning approach.
2025 Production Highlights
For the year ended December 31, 2025, Lundin Mining reported notable production figures:
- Copper: 331,232 tonnes
- Gold: 141,859 ounces
- Nickel: 9,907 tonnes
During the fourth quarter alone, the company produced over 87,000 tonnes of copper and over 34,000 ounces of gold. The Caserones mine achieved significant milestones, producing 39,612 tonnes of copper in the fourth quarter, the highest since Lundin Mining acquired the operation.
2026 Production Forecast
Looking ahead, Lundin Mining anticipates stable production levels for copper, forecasting between 310,000 to 335,000 tonnes for 2026. Gold production is expected to range from 134,000 to 149,000 ounces. The company’s cash cost guidance for copper is projected between $1.90 to $2.10 per pound.
Long-term Guidance and Capital Expenditure Projections
Lundin Mining has outlined a three-year production guidance extending to 2028:
| Year | Copper Production (tonnes) | Gold Production (ounces) |
|---|---|---|
| 2026 | 310,000 – 335,000 | 134,000 – 149,000 |
| 2027 | 315,000 – 340,000 | 143,000 – 158,000 |
| 2028 | 290,000 – 315,000 | 132,000 – 147,000 |
Capital Expenditures
Total capital expenditures for 2026 are projected at $995 million, including:
- Sustaining Capital Expenditures: $550 million
- Expansionary Capital Expenditures: $445 million
The focus will be on key projects such as the Vicuña project, which aims to enhance Lundin Mining’s growth trajectory.
Exploration Investments
In support of resource expansion, Lundin Mining plans to invest $53 million in exploration in 2026. Key areas for drilling include:
- Caserones: 39,800 meters
- Candelaria: 16,000 meters
- Chapada: 13,700 meters
These efforts are aimed at growing resources and enhancing the operational performance of Lundin Mining’s existing mines.
As Lundin Mining Corporation continues to execute its strategic vision, it remains committed to achieving production excellence while navigating the complexities that come with operating in the mining sector.
