VANCOUVER, BC, Jan. 28, 2026 /CNW/ – (TSX:LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) is pre-announcing certain items impacting the Company’s earnings, adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”)1, adjusted earnings1 and adjusted earnings per share1 for the three months ending December 31, 2025. Unless otherwise stated, dollar amounts are presented in United States dollars (“USD”) and are unaudited.
Revenue and Provisional Pricing Adjustments
Revenue in the fourth quarter 2025 is expected to be positively impacted by unaudited provisional pricing adjustments on prior period concentrate sales of approximately $83 million on a pre-tax basis. These adjustments primarily include upward adjustments in relation to prior period copper and gold sales.
Foreign Exchange and Derivatives
Items of significant impact in the fourth quarter 2025 are expected to include unaudited realized losses on commodity derivative contracts of approximately $16 million, primarily related to gold collar contracts. Unaudited realized foreign exchange losses in the fourth quarter 2025 are not expected to be significant.
In the fourth quarter 2025 the Company is expected to recognize certain non-cash items that will impact the Company’s earnings but not adjusted EBITDA, adjusted earnings or adjusted earnings per share. These include an unaudited unrealized gain of approximately $8 million on a pre-tax basis related to the mark-to-market valuation of the Company’s unexpired derivative contracts, primarily due to strengthening Chilean peso against the USD during the quarter. Unaudited unrealized foreign exchange losses are not expected to be significant.
Other Items
The Company anticipates to recognize other unaudited significant items impacting the fourth quarter 2025 earnings from continuing operations totaling a net positive impact to earnings of approximately $450 million. The items include a non-cash deferred tax recovery at Caserones following a reassessment of the estimated utilization of accumulated tax losses, partially offset by a non-cash write-down of long-term stockpile inventories at Chapada as a result of mine plan changes deprioritizing the timing of processing of stockpiles. These amounts will be excluded from adjusted EBITDA, adjusted earnings, and adjusted earnings per share.
Earnings from discontinued operations in the fourth quarter 2025 are expected to be positively impacted by unaudited realized and unrealized gains on contingent consideration related to the sale of the European operations and an unaudited non-cash reversal of impairment at Eagle, totaling approximately $100 million. These amounts will be excluded from adjusted EBITDA, adjusted earnings, and adjusted earnings per share.
Fourth Quarter and Full Year 2025 Results Conference Call and Webcast Details
The Company will release its fourth quarter 2025 operations and financial results after market close on Thursday, February 19, 2026, and will hold a webcast and conference call on Friday, February 20, 2026 to present the results. Webcast and conference call details are provided below.
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1 These measures are non-GAAP measures. These performance measures have no standardized meaning within generally accepted accounting principles under International Financial Reporting Standards and, therefore, amounts presented may not be comparable to similar data presented by other mining companies. For additional details please refer to the Company’s discussion of non-GAAP and other performance measures in its Management’s Discussion and Analysis for the three and nine months ended September 30, 2025 which … |