Lundin swings back into black

July 27, 2017

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Higher metals prices, higher sales volumes and lower operating costs have helped push Canadian diversified miner Lundin Mining back into the black, according to the company’s financial report for the three months ended June 30, published Wednesday. Net earnings from continuing operations for the quarter totalled $64-million, compared with a net loss of $16.5-million in the second quarter of the prior year. Net earnings for the period totalled $85-million, or $0.10 a share, compared with a net loss of $787.9-million, or $1.10 a share.

Category: General