Lundin Mining Announces Updated Share Capital and Provides Update on Share Buybacks
Corporate Office
1055 Dunsmuir Street
Suite 2800, Bentall IV
Vancouver, BC V7X 1L2
Phone: +1 604 689 7842
lundinmining.com
NEWS RELEASE
Lundin Mining Announces Updated Share Capital and Provides Update on Share
Buybacks
Vancouver, March 31, 2025 (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin Mining”
or the “Company”) reports the following updated share capital and voting rights, in accordance with the Swedish
Financial Instruments Trading Act:
The number of issued and outstanding shares of the Company decreased by 5,284,261 to 860,582,665 common
shares with voting rights as of March 31, 2025. The decrease in the number of issued and outstanding shares from
March 1, 2025 to date is the result of share buybacks completed under the normal course issuer bid (“NCIB”), offset
by the exercise of employee stock options or the vesting of employee share units.
Normal Course Issuer Bid
Under the Company’s shareholder distribution policy, the Company is committed to allocating up to US$150 million
in annual share buybacks through the NCIB program. So far during 2025, Lundin Mining has acquired 8,000,000
common shares at a cost of approximately US$68 million.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining company with operations or projects in Argentina,
Brazil, Chile, and the United States of America, primarily producing copper, gold and nickel. In December 2024 the
Company announced the sale of its European assets to Boliden. The transaction is expected to close in mid -2025
subject to customary conditions and regulatory approvals.
The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish
Financial Instruments Trading Act. The information was submitted for publication, through the agency of the
contact persons set out below on March 31, 2025 at 16:00 Pacific Time.
For further information, please contact:
Stephen Williams, Vice President, Investor Relations: +1 604 806 3074
Robert Eriksson, Investor Relations Sweden: +46 8 440 54 50