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Lundin Mining says Q2 2026 earnings rise on stronger copper, gold prices despite lower sales volumes
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Lundin Mining says Q2 2026 earnings rise on stronger copper, gold prices despite lower sales volumes
  • For Q2 2026, net earnings rose to USD 370.7 million on record gross profit, driven by stronger realized copper and gold prices.
  • Revenue climbed to USD 1.21 billion as realized copper price increased to USD 6.51/lb from USD 4.40/lb; sales volumes fell.
  • Current income tax expense increased on higher taxable income; production costs rose on higher diesel costs and unfavorable foreign exchange.
  • Operating cash flow was USD 458.8 million, offset by a working-capital build tied to higher inventories and lower trade payables.
  • Ended the quarter with net cash of USD 79 million following a USD 215 million Caserones and Los Helados acquisition; Caserones later faced a 13-day storm outage.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lundin Mining Corporation published the original content used to generate this news brief on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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