Lundin Mining Provides Update on Offer for Nevsun
NEWS RELEASE
Lundin Mining Provides Update on Offer for Nevsun
Toronto, September 6, 2018 (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin
Mining” or the “Company”) announced today that regarding the September 5, 2018 proposal by Zijin
Mining Group Co. Ltd. to acquire Nevsun Resources Ltd. (“Nevsun”), Lundin Mining does not intend to
amend any of the terms of the Company’s previously announced July 26, 2018 bid for all of the issued
and outstanding shares of Nevsun (the “Offer”).
Lundin Mining continues to pursue strategic growth opportunities. Our portfolio of high-quality long-life,
mines enables us to remain disciplined to our investment criteria and rigorous in our allocation of capital
to deliver superior shareholder returns. Our financial strength affords us substantial flexibility to respond
to external opportunities while advancing high value -add internal projects and unlock ing exploration
potential at each of our mines.
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.
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 the intentions of the
Company regarding the Offer and other strategic growth opportunities, the anticipated timing and completion of
the Offer, the ability of Lundin Mining to complete the transactions contemplated by the Offer, life of mine, delivery
of shareholder returns and value added by projects. Words such as “anticipate”, “believe”, “expects”, “intend”,
“flexibility”, “growth”, “if” “may”, “opportunities”, “potential”, “projec t” and “pursue” or variations of these terms
or similar terminology or statements that certain actions, events or results will, could or may 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 risk
that the conditions to the Offer will not be satisfied on a timely basis or at all and the failure of the transaction to be
consummated for any other reason, com petitive responses to the announcement of the Offer, actions that may be
taken by Nevsun or by its security holders in respect of the Offer, as well as additional risks disclosed in filings made
by the Company with Canadian securities regulatory authorities. There can be no assurance that the Offer will be
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successful or that, if successful, that the combination of the operations of Lundin Mining and Nevsun will achieve
the anticipated benefits. 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.
Cautionary Statement Respecting the Offer
THE COMPANY’S TAKE-OVER BID CIRCULAR CONTAINS IMPORTANT INFORMATION ABOUT THE OFFER AND SHOULD
BE READ IN ITS ENTIRETY BY NEVSUN’S SHAREHOLDERS. NEVSUN’S SHAREHOLDERS MAY OBTAIN, AT NO CHARGE,
A COPY OF THE COMPANY’S TAKE-OVER BID CIRCULAR AND VARIOUS ASSOCIATED DOCUMEN TS UNDER NEVSUN’S
PROFILE ON THE SYSTEM FOR ELECTRONIC DOCUMENT ANALYSIS AND RETRIEVAL (SEDAR) AT WWW.SEDAR.COM
AND ON THE SECURITIES AND EXCHANGE COMMISSION (SEC) WEBSITE AT WWW.SEC.GOV. NEVSUN’S
SHAREHOLDERS ARE URGED TO READ SUCH MATERIALS AS THEY CONTA IN IMPORTANT INFORMATION THAT
NEVSUN SHAREHOLDERS SHOULD CONSIDER BEFORE MAKING ANY DECISION WITH RESPECT TO THE OFFER. THIS
ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM PART OF ANY
OFFER OR INVITATION TO PURCHASE, OTHERW ISE ACQUIRE, SUBSCRIBE FOR, SELL, OTHERWISE DISPOSE OF OR
ISSUE, OR ANY OTHER SOLICITATION OF ANY OFFER TO SELL, OTHERWISE DISPOSE OF, ISSUE, PURCHASE,
OTHERWISE ACQUIRE OR SUBSCRIBE FOR ANY SECURITY. THE OFFER WAS NOT MADE IN, NOR WILL DEPOSITS OF
SECURITIES BE ACCEPTED FROM A PERSON IN, ANY JURISDICTION IN WHICH THE MAKING OR ACCEPTANCE THEREOF
WOULD NOT BE IN COMPLIANCE WITH THE LAWS OF SUCH JURISDICTION. HOWEVER, LUNDIN MINING MAY, IN ITS
SOLE DISCRETION, TAKE SUCH ACTION AS IT DEEMS NECESSARY TO EXTEND THE OFFER IN ANY SUCH JURISDICTION.
This is information that Lundin Mining Corporation is obliged to make public pursuant to the EU Market
Abuse Regulation. The information was submitted for publication, through the agency of the contact
persons set out below on September 6, 2018 at 7:00 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