Lundin Mining reported its fourth consecutive quarter of revenue above $1 billion, reaching $1,109.2 million on a record realized copper price of $6.85/lb, with free cash flow from operations of $418 million and net cash of $237 million at quarter-end. Net earnings attributable to shareholders were $228.9 million ($0.27 per share), and adjusted earnings were $276.5 million ($0.32 per share). Severe winter weather and the Super El Niño season constrained open-pit mining at Caserones, prompting a cut in 2026 copper production guidance to 105–115 thousand tonnes from 120–130 thousand tonnes; the company says these are deferred tonnes rather than lost production. At Vicuña, the company secured a long-term Provincial Agreement with San Juan Province and received approval for a high-voltage powerline, with a sanction decision targeted before year-end.
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