Lundin Mining Announces Declaration of Dividend
Lundin Mining Announces Declaration of Dividend
TORONTO, Oct. 24, 2018 -- (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin Mining” or the
“Company”) today announced that its Board of Directors has declared a dividend of CAD$0.03 per share, payable on
December 19, 2018, to shareholders of record at the close of business on December 7, 2018. This dividend qualifies as an
'eligible dividend' for Canadian income tax purposes. The declaration, timing, amount and payment of future dividends remain at
the discretion of the Board of Directors.
Dividends on shares traded on the Toronto Stock Exchange (“TSX”) will be paid in Canadian Dollars (“CAD”) on December 19,
2018.
Dividends on shares traded on Nasdaq Stockholm will be paid in Swedish kronor (“SEK”) in accordance with Euroclear
principles on December 20, 2018. To execute the payment of the dividend, a temporary administrative cross-border transfer
closure will be applied by Euroclear from December 6, 2018 up to and including December 7, 2018, during which period shares
of the Company cannot be transferred between TSX and Nasdaq Stockholm.
Notice to all Non-Canadian Resident Shareholders
In 2012, the Canada Revenue Agency (“CRA”) changed how the tax withholding rate applied to dividend payments made to non
-residents is determined. The CRA now requires a certification of residency from each shareholder so that the preferred tax
treaty rate can be applied where applicable to persons resident in countries which have a tax treaty with Canada.
Shares traded on Toronto Stock Exchange
Form NR301 will be mailed to any new Registered non-resident shareholders as at the dividend record date of December 7,
2018, by Computershare Investor Services Inc. (“Computershare”). In order to receive the preferred treaty rate, you must
complete and mail back the form as soon as possible. Failure to supply a completed NR301 form will result in Computershare
withholding the statutory 25% withholding tax rate on any payments to Registered non-resident shareholders. You can also
download the form at https://cda.computershare.com/Content/4f677775-5e6c-4e64-a695-a5785771fec3. Instructions on how to
correctly complete the NR301 are on the back of the form. Shareholders who hold their shares through a broker should contact
their broker directly. They do not need to return a form to Computershare. If you have already completed Form NR301, you do
not need to complete a new form.
Shares traded on Nasdaq Stockholm
Dividend payments will be made net of 25% Canadian withholding tax and any other deemed applicable country of residence
tax. Holders who are entitled to reclaim taxes applicable under tax treaties should contact the applicable tax authorities,
directly. Shareholders who hold their shares through a nominee should contact their nominee.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining company with operations in Chile, the United States of America,
Portugal and Sweden, primarily producing copper, nickel and zinc. In addition, Lundin Mining holds an indirect 24% equity
stake in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
The content contained herein is not tax advice. Do not use or otherwise rely upon any of the content without first
seeking independent tax advice.
Cautionary Statement in Forward-Looking Information
Certain of the statements made and information contained herein, other than statements of historical fact and historical
information, is “forward-looking information” within the meaning of applicable Canadian securities laws. Such statements
include, but are not limited to, payment of the dividend and declaration of future dividends, and timing and amount thereof.
Words such as “if”, “will be”, “may” and “schedule”, or variations of these terms or similar terminology or statements that
certain actions, events or results “could” occur or be achieved are intended to identify such forward-looking information.
Although the Company believes that the expectations reflected in the forward-looking information contained herein are
reasonable, these statements by their nature involve risks and uncertainties, and are not guarantees of future performance.
Forward-looking information is based on a number of assumptions, and subject to a variety of risks and uncertainties which
could cause actual events or results to differ from those reflected in the forward-looking statements. Should one or more of
these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking
statements. The Company disclaims any intention or obligation to update or revise any forward ‐looking statements or to
explain any material difference between subsequent actual events and such forward ‐looking statements, except to the extent
required by applicable law.
The information was submitted for publication, through the agency of the contact persons set out below on October 24, 2018
at 6:35 p.m. Eastern Time.
For further information, please contact:
Mark Turner, Director, Business Valuations and Investor Relations: +1-416-342-5565
Robert Eriksson, Investor Relations Sweden: +46 8 545 015 50