Upcoming Site Visit to Chapada Copper-Gold Mine
NEWS RELEASE
Upcoming Site Visit to Chapada Copper-Gold Mine
Toronto, November 7, 2019 (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin
Mining” or the “Company”) will be hosting investor s and analysts at the Chapada c opper-gold mine in
Brazil November 8-9, 2019. This will be the inaugural visit showcasing Chapada as a Lundin Mi ning
operation following the successful acquisition and integration during the third quarter of this year.
The addition of the Chapada copper-gold mine has fur ther solidified Lundin Mining’s position as a
leading intermediate base metals producer . Chapada is a well -run, established operation with an
experienced local workforce. The site visit will showcase the high-quality of th e asset and how
leveraging Lundin Mining’ s technical expertise, base metals focus and financial strength, will provide
opportunities to create meaningful stakeholder value.
Presentations given by senior management during the visit will be available on the Company’s website
(www.lundinmining.com) when distributed at site.
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 Ame rica, p rimarily producing copper, ni ckel a nd zinc. In
addition, Lundin Mining hol ds an indirect 24% equity sta ke in the Freeport Cobalt Oy business, which
includes a cobalt refinery located in Kokkola, Finland.
The information was submitted for publication, through the agency of the contact persons set out below
on November 7, 2019 at 4:30 pm 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
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
Cautionary Statement on Forward-Looking Information
Certain of the statements made and information contained herein is “forward-looking information” within the meaning of applicable Canadian securities
laws. All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited
to statements regarding the Company’s plans, prospects and business strategies; the Company’s guidance on the timing and amount of future production
and its expectations regarding the results of operations; expected costs; permitting requirements and timelines; timing and possible outcome of pending
litigation; the results of any Preliminary Economic Assessment, Feasibility Study, or Mineral Resource and Mineral Reserve estimations, life of mine
estimates, and mine and mine closure plans; anticipated market prices of metals, currency exchange rates, and interest rates; the development and
implementation of the Company’s Responsible Mining Management System; the Company’s ability to comply with contractual and permitting or other
regulatory requirements; anticipated exploration and development activities at the Company’s projects; and the Company’s integration of acquisitions
(such as the Chapada mine) and any anticipated benefits thereof. Words such as “believe”, “expect”, “anticipate”, “contemplate”, “target”, “plan”,
“goal”, “aim”, “intend”, “continue”, “budget”, “estimate”, “may”, “will”, “can”, “could”, “should”, “schedule” and similar expressions identify forward-
looking statements.
Forward-looking information is necessarily based upon various estimates and assumptions including, without limitation, the expectations and beliefs of
management, including that the Company can access financing, appropriate equipment and sufficient labour; assumed and future price of copper, nickel,
zinc, gold and other metals; anticipated costs; ability to achieve goals; the prompt and effective integration of acquisitions; that the political environment
in which the Company operates will continue to support the development and operation of mining projects; and assumptions related to the factors set
forth below. While these factors and assumptions are considered reasonable by Lundin Mining as at the date of this document in light of management’s
experience and perception of current conditions and expected developments, these statements are inherently subject to significant business, economic
and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the
forward-looking statements and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to:
risks inherent in and/or associated with operating in foreign countries; uncertain political and economic environments; community activism, shareholder
activism and risks related to negative publicity with respect to the Company or the mining industry in general; changes in laws, regulations or policies
including but not limited to those related to permitting and approvals, environmental and tailings management, labour, trade relations, and
transportation; delays or the inability to obtain necessary governmental approvals and/or permits; regulatory investigations, enforcement, sanctions
and/or related or other litigation; risks associated with business arrangements and partners over which the Company does not have full control; risks
associated with acquisitions and related integration efforts (including with respect to the Chapada mine), including the ability to achieve anticipated
benefits, unanticipated difficulties or expenditures relating to integration and diversion of management time on integration; competition; development or
mining results not being consistent with the Company’s expectations; estimates of future production and operations; operating, cash and all-in sustaining
cost estimates; allocation of resources and capital; litigation; uninsurable risks; volatility and fluctuations in metal and commodity prices; the estimation
of asset carrying values; funding requirements and availability of financing; indebtedness; foreign currency fluctuations; interest rate volatility; changes in
the Company’s share price, and equity markets, in general; changing taxation regimes; counterparty and credit risks; health and safety risks; risks related
to the environmental impact of the Company’s operations and products and management thereof; unavailable or inaccessible infrastructure and risks
related to ageing infrastructure; risks inherent in mining including but not limited to risks to the environment, industrial accidents, catastrophic equipment
failures, unusual or unexpected geological formations or unstable ground conditions; actual ore mined varying from estimates of grade, tonnage, dilution
and metallurgical and other characteristics; ore processing efficiency; risks relating to attracting and retaining of highly skilled employees; ability to retain
key personnel; the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production;
the price and availability of energy and key operating supplies or services; the inherent uncertainty of exploration and development, and the potential for
unexpected costs and expenses including, without limitation, for mine closure and reclamation at current and historical operations; risks associated with
the estimation of Mineral Resources and Mineral Reserves and the geology, grade and continuity of mineral deposits including but not limited to models
relating thereto; actual ore mined and/or metal recoveries varying from Mineral Resource and Mineral Reserve estimates; mine plans, and life of mine
estimates; the possibility that future exploration, development or mining results will not be consistent with expectations; natural phenomena such as
earthquakes, flooding, and unusually severe weather; potential for the allegation of fraud and corruption involving the Company, its customers, suppliers
or employees, or the allegation of improper or discriminatory employment practices, or human rights violations; security at the Company’s operations;
breach or compromise of key information technology systems; materially increased or unanticipated reclamation obligations; risks related to mine closure
activities; risks related to closed and historical sites; title risk and the potential of undetected encumbrances; risks associated with the structural stability
of waste rock dumps or tailings storage facilities; and other risks and uncertainties, including but not limited to those described in the “Risk and
Uncertainties” section of the Annual Information Form for the year ended December 31, 2018 and the “Managing Risks” section of the Company’s MD&A
for the year ended December 31, 2018, which are available on SEDAR at www.sedar.com under the Company’s profile. All of the forward-looking
statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be
as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which
may have been used. 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 information. Accordingly, there can be no assurance that forward-looking information will
prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on
forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any
intention or obligation to update or revise forward-looking information or to explain any material difference between such and subsequent actual events,
except as required by applicable law.