Lundin Mining Announces Declaration of Dividend
Corporate Office
150 King Street West, Suite 2200
P.O. Box 38, Toronto, ON M5H 1J9
Phone: +1 416 342 5560
Fax: +1 416 348 0303
lundinmining.com
NEWS RELEASE
Lundin Mining Announces Declaration of Dividend
Toronto, April 29, 2020 (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$0.04 per share, payable on
June 17, 2020, to shareholders of record at the close of business on May 29, 2020. 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 June 17, 2020.
Dividends on shares traded on Nasdaq Stockholm will be paid in Swedish kronor (“SEK”) in accordance with Euroclear
principles on June 18, 2020. To execute the payment of the dividend, a temporary administrative cross-border transfer
closure will be applied by Euroclear from May 28, 2020 up to and including May 29, 2020 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 person’s 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 May 29, 2020,
by Computershare Investor Services Inc. 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 Brazil, Chile, Portugal,
Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.
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.
The information was submitted for publication, through the agency of the contact persons set out below on April
29, 2020 at 18:05 Eastern Time.
For further information, please contact:
Mark Turner, Director, Business Valuations and Investor Relations: +1-416-342-5565
Brandon Throop, Manager, Investor Relations: +1‐416‐342‐5583
Robert Eriksson, Investor Relations Sweden: +46 8 440 54 50
Cautionary Statement on 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 to 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.