Lundin Mining defies pandemic slowdown to grow copper output
The company’s total copper output of 65,285 tonnes for the second quarter of 2020 represents a 37% increase on the same period last year.
Lundin reported growth in its financial indicators as well, achieving net earnings of $48.3 mn for this quarter, compared with a loss of $8.6 million in the corresponding period of 2019.
This success is largely the result of operational growth at two of the company’s mines - Candelaria in Chile, where over 35,000 tonnes of copper were produced, and Chapada in Brazil, which was responsible for almost 14,000 tonnes.
Lundin Mining has managed to not be adversely affected by the Covid-19 pandemic. There have been only minimal disruption to its production operations, while receipt and delivery of goods have also largely continued as normal.
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