Lundin Mining Announces TSX Approval for a Normal Course Issuer Bid
Lundin Mining Announces TSX Approval for a Normal Course Issuer Bid
TORONTO, Dec. 04, 2018 -- (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin Mining” or the
“Company”) announces that the Toronto Stock Exchange (the “TSX”) has accepted the notice of Lundin Mining’s intention to
commence a normal course issuer bid (the “NCIB”).
This approval allows the Company to purchase up to 63,718,842 common shares of the Company (the “Common Shares”)
(representing 10% of the 733,509,679 issued and outstanding Common Shares as of December 3, 2018, minus those
Common Shares beneficially owned, or over which control or direction is exercised by the Company, the senior officers and
directors of the Company and every shareholder who owns or exercises control or direction over more than 10% of the
outstanding Common Shares) over a period of twelve months commencing on December 7, 2018. The NCIB will expire no later
than December 6, 2019.
All purchases made pursuant to the NCIB will be made through the facilities of the TSX or other alternative Canadian trading
systems. In accordance with TSX rules, any daily purchases (other than pursuant to a block purchase exemption) on the TSX
under the NCIB are limited to a maximum of 573,371 Common Shares, which represents 25% of the average daily trading
volume of 2,293,485 Common Shares on the TSX for the six months ended November 30, 2018. The price that Lundin Mining
will pay for Common Shares in open market transactions will be the market price at the time of purchase.
The actual number of Common Shares that may be purchased and the timing of such purchases will be determined by the
Company. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and
other factors. Any Common Shares that are purchased under the NCIB will be cancelled.
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 information in this release is subject to the disclosure requirements of Lundin Mining under the EU Market Abuse
Regulation. The information was submitted for publication, through the agency of the contact persons set out below on
December 4, 2018 at 4:30 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
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. Forward-looking
information includes, but is not limited to, statements with respect to Lundin Mining’s proposed normal course issuer bid and
the number of share that may be purchased under the normal course issuer bid. Words such as “will”, “intends”, “expects”,
“believe”, “anticipate”, “possible”, “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. Risks include but are not
limited to the market price of the Common Shares being too high to ensure that purchases benefit the Company and its
shareholders, as well as additional risks disclosed in filings made by the Company with Canadian securities regulatory
authorities. There can be no assurance that the Common Shares will, from time to time, trade below their value or that the
Company will complete purchases of Common Shares pursuant to the NCIB. 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.