“Everybody at Lundin Mining is shocked and saddened by this tragic accident and the dying of our colleague. Our ideas are with their household and mates at this very troublesome time,” mentioned Marie Inkster, President and CEO of Lundin Mining, including “Our speedy focus is on the welfare of the worker’s household, in addition to our staff and contractors who’ve been affected by the incident, to make sure that everybody concerned is correctly supported.”
Related authorities are being notified and the Firm shall be cooperating absolutely within the investigation of this tragic incident. The Firm will subject additional statements and supply extra info as applicable.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining firm with operations in Brazil, Chile, Portugal, Sweden and the USA of America, primarily producing copper, zinc, gold and nickel.
The data on this launch is topic to the disclosure necessities of Lundin Mining beneath the EU Market Abuse Regulation. The data was submitted for publication, by way of the company of the contact individuals set out under on September 25, 2020 at 18:30 Jap Time.
Cautionary Assertion in Ahead-Trying Info
Sure of the statements made and knowledge contained herein is “forward-looking info” inside the which means of relevant Canadian securities legal guidelines. All statements apart from statements of historic information included on this doc represent forward-looking info, together with however not restricted to statements concerning the Firm’s plans, prospects and enterprise methods; the Firm’s steering on the timing and quantity of future manufacturing and its expectations concerning the outcomes of operations; anticipated prices; allowing necessities and timelines; timing and potential final result of pending litigation; the outcomes of any Feasibility Examine, or Mineral Useful resource and Mineral Reserve estimations, lifetime of mine estimates, and mine and mine closure plans; anticipated market costs of metals, forex trade charges, and rates of interest; the event and implementation of the Firm’s Accountable Mining Administration System; the Firm’s capacity to adjust to contractual and allowing or different regulatory necessities; anticipated exploration and growth actions on the Firm’s tasks; and the Firm’s integration of acquisitions and any anticipated advantages thereof. Phrases resembling “consider”, “anticipate”, “anticipate”, “ponder”, “goal”, “plan”, “purpose”, “purpose”, “intend”, “proceed”, “price range”, “estimate”, “could”, “will”, “can”, “may”, “ought to”, “schedule” and related expressions determine forward-looking statements.
Ahead-looking info is essentially based mostly upon varied estimates and assumptions together with, with out limitation, the expectations and beliefs of administration, together with that the Firm can entry financing, applicable gear and adequate labour; assumed and future value of copper, nickel, zinc, gold and different metals; anticipated prices; capacity to attain objectives; the immediate and efficient integration of acquisitions; that the political setting during which the Firm operates will proceed to assist the event and operation of mining tasks; and assumptions associated to the components set forth under. Whereas these components and assumptions are thought-about affordable by Lundin Mining as on the date of this doc in gentle of administration’s expertise and notion of present situations and anticipated developments, these statements are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies. Recognized and unknown components may trigger precise outcomes to vary materially from these projected within the forward-looking statements and undue reliance shouldn’t be positioned on such statements and knowledge. Such components embody, however will not be restricted to: volatility and fluctuations in steel and commodity costs; world monetary situations and inflation; dangers inherent in mining together with however not restricted to dangers to the setting, industrial accidents, catastrophic gear failures, uncommon or surprising geological formations or unstable floor situations, and pure phenomena resembling earthquakes, flooding or unusually extreme climate; uninsurable dangers; adjustments within the Firm’s share value, and volatility within the fairness markets generally; the menace related to outbreaks of viruses and infectious illnesses, together with the novel COVID-19 virus; dangers associated to detrimental publicity with respect to the Firm or the mining business generally; reliance on a single asset; potential for the allegation of fraud and corruption involving the Firm, its prospects, suppliers or staff, or the allegation of improper or discriminatory employment practices, or human rights violations; precise ore mined and/or steel recoveries various from Mineral Useful resource and Mineral Reserve estimates, estimates of grade, tonnage, dilution, mine plans and metallurgical and different traits; dangers related to the estimation of Mineral Assets and Mineral Reserves and the geology, grade and continuity of mineral deposits together with however not restricted to fashions relating thereto; ore processing effectivity; dangers inherent in and/or related to working in international international locations and rising markets; safety on the Firm’s operations; altering taxation regimes; well being and security dangers; exploration, growth or mining outcomes not being in step with the Firm’s expectations; unavailable or inaccessible infrastructure and dangers associated to ageing infrastructure; counterparty and credit score dangers and buyer focus; dangers associated to the environmental regulation and environmental affect of the Firm’s operations and merchandise and administration thereof; trade fee fluctuations; reliance on third events and consultants in international jurisdictions; group and stakeholder opposition; civil disruption; the potential for and results of labour disputes or different unanticipated difficulties with or shortages of labour or interruptions in manufacturing; unsure political and financial environments; litigation; regulatory investigations, enforcement, sanctions and/or associated or different litigation; dangers related to the structural stability of waste rock dumps or tailings storage services; adjustments in legal guidelines, laws or insurance policies together with however not restricted to these associated to mining regimes, allowing and approvals, environmental and tailings administration, labour, commerce relations, and transportation; local weather change; compliance with environmental, well being and security legal guidelines; implementing authorized rights in international jurisdictions; info expertise and cybersecurity dangers; estimates of future manufacturing and operations; estimates of working, money and all-in sustaining value estimates; delays or the shortcoming to acquire, retain or adjust to permits; compliance with international legal guidelines; dangers associated to mine closure actions and closed and historic websites; challenges or defects in title; the worth and availability of key working provides or companies; historic environmental liabilities and ongoing reclamation obligations; indebtedness; funding necessities and availability of financing; liquidity dangers and restricted monetary sources; dangers regarding attracting and retaining of extremely expert staff; dangers related to acquisitions and associated integration efforts, together with the power to attain anticipated advantages, unanticipated difficulties or expenditures regarding integration and diversion of administration time on integration; the estimation of asset carrying values; inside controls; competitors; dilution; existence of great shareholders; conflicts of curiosity; activist shareholders and proxy solicitation issues; dangers regarding dividends; dangers related to enterprise preparations and companions over which the Firm doesn’t have full management; and different dangers and uncertainties, together with however not restricted to these described within the “Dangers and Uncertainties” part of the Annual Info Type and the “Managing Dangers” part of the Firm’s MD&A for the 12 months ended December 31, 2019, which can be found on SEDAR at www.sedar.com beneath the Firm’s profile. All the forward-looking statements made on this doc are certified by these cautionary statements. Though the Firm has tried to determine essential components that would trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different components that trigger outcomes to not be as anticipated, estimated, forecast or supposed and readers are cautioned that the foregoing listing just isn’t exhaustive of all components and assumptions which can have been used. Ought to a number of of those dangers and uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes could differ materially from these described in forward-looking info. Accordingly, there may be no assurance that forward-looking info will show to be correct and forward-looking info just isn’t a assure of future efficiency. Readers are suggested to not place undue reliance on forward-looking info. The forward-looking info contained herein speaks solely as of the date of this doc. The Firm disclaims any intention or obligation to replace or revise ahead–trying info or to elucidate any materials distinction between such and subsequent precise occasions, besides as required by relevant legislation.
SOURCE Lundin Mining Company
For additional info: Mark Turner, Director, Enterprise Valuations and Investor Relations: +1 416 342 5565; Brandon Throop, Supervisor, Investor Relations: +1 416 342 5583; Robert Eriksson, Investor Relations Sweden: +46 8 440 54 50
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