TORONTO, Oct. 1, 2022 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Company (“Lundin Mining” or the “Firm”) is saddened to report a fatality at its Neves-Corvo mine in Portugal late within the night native time Friday, September 30, 2022. In an remoted incident underground, the worker of a supplies dealing with contractor was fatally injured whereas working a chunk of cell tools.
“It’s with deep unhappiness that we report the tragic lack of a contractor colleague. Our ideas are with the household, buddies and our Neves-Corvo crew at this troublesome time. The protection of our staff and contractors stays our prime precedence,” mentioned Peter Rockandel, President and CEO of Lundin Mining.
Related regulatory authorities have been notified and the Firm will cooperate totally all through the investigation. Operations at Neves-Corvo have been voluntarily quickly suspended.
The Firm will problem additional statements and supply extra info as applicable.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining firm with operations and initiatives in Argentina, Brazil, Chile, Portugal, Sweden and the USA of America, primarily producing copper, zinc, gold and nickel.
The knowledge was submitted for publication, by the company of the contact individuals set out beneath on October 1, 2022 at 10:00 Japanese Time.
Cautionary Assertion on Ahead-Trying Info
Sure of the statements made and knowledge contained herein is “forward-looking info” throughout the which means of relevant Canadian securities legal guidelines. All statements aside from statements of historic details included on this doc represent forward-looking info, together with however not restricted to statements relating to the Firm’s plans, prospects and enterprise methods; the Firm’s steering on the timing and quantity of future manufacturing and its expectations relating to the outcomes of operations; anticipated prices; allowing necessities and timelines; timing and attainable consequence of pending litigation; the outcomes of any Preliminary Financial Evaluation, Feasibility Examine, or Mineral Useful resource and Mineral Reserve estimations, lifetime of mine estimates, and mine and mine closure plans; anticipated market costs of metals, foreign money alternate charges, and rates of interest; the event and implementation of the Firm’s Accountable Mining Administration System; the Firm’s means to adjust to contractual and allowing or different regulatory necessities; anticipated exploration and improvement actions on the Firm’s initiatives; the Firm’s integration of acquisitions and any anticipated advantages thereof; and expectations for different financial, enterprise, and/or aggressive components. Phrases reminiscent of “consider”, “anticipate”, “anticipate”, “ponder”, “goal”, “plan”, “objective”, “intention”, “intend”, “proceed”, “price range”, “estimate”, “might”, “will”, “can”, “might”, “ought to”, “schedule” and related expressions determine forward-looking statements.
Ahead-looking info is essentially primarily based upon numerous estimates and assumptions together with, with out limitation, the expectations and beliefs of administration, together with that the Firm can entry financing, applicable tools and ample labor; assumed and future worth of copper, nickel, zinc, gold and different metals; anticipated prices; means to attain objectives; the immediate and efficient integration of acquisitions; that the political setting during which the Firm operates will proceed to help the event and operation of mining initiatives; and assumptions associated to the components set forth beneath. Whereas these components and assumptions are thought-about cheap by Lundin Mining as on the date of this doc in mild of administration’s expertise and notion of present situations and anticipated developments, these statements are inherently topic to vital enterprise, financial and aggressive uncertainties and contingencies. Recognized and unknown components might trigger precise outcomes to vary materially from these projected within the forward-looking statements and undue reliance shouldn’t be positioned on such statements and knowledge. Such components embrace, however will not be restricted to: dangers inherent in mining together with however not restricted to dangers to the setting, industrial accidents, catastrophic tools failures, uncommon or sudden geological formations or unstable floor situations, and pure phenomena reminiscent of earthquakes, flooding or unusually extreme climate; uninsurable dangers; world monetary situations and inflation; adjustments within the Firm’s share worth, and volatility within the fairness markets generally; volatility and fluctuations in metallic and commodity demand and costs; altering taxation regimes; delays or the shortcoming to acquire, retain or adjust to permits; reliance on a single asset; unavailable or inaccessible infrastructure, infrastructure failures, and dangers associated to ageing infrastructure; dangers associated to detrimental publicity with respect to the Firm or the mining business generally; well being and security dangers; pricing and availability of key provides and providers; the risk related to outbreaks of viruses and infectious illnesses, together with the COVID-19 virus; alternate price fluctuations; dangers referring to attracting and retaining of extremely expert staff; dangers inherent in and/or related to working in international international locations and rising markets; local weather change; regulatory investigations, enforcement, sanctions and/or associated or different litigation; existence of great shareholders; unsure political and financial environments, together with in Argentina, Brazil and Chile; dangers related to acquisitions and associated integration efforts, together with the flexibility to attain anticipated advantages, unanticipated difficulties or expenditures referring to integration and diversion of administration time on integration; indebtedness; liquidity dangers and restricted monetary sources; funding necessities and availability of financing; exploration, improvement or mining outcomes not being per the Firm’s expectations; dangers associated to the environmental regulation and environmental affect of the Firm’s operations and merchandise and administration thereof; activist shareholders and proxy solicitation issues; reliance on key personnel and reporting and oversight programs, in addition to third events and consultants in international jurisdictions; historic environmental liabilities and ongoing reclamation obligations; info expertise and cybersecurity dangers; dangers associated to mine closure actions, reclamation obligations, and closed and historic websites; social and political unrest, together with civil disruption in Chile; the shortcoming to successfully compete within the business; monetary projections, together with estimates of future expenditures and money prices, and estimates of future manufacturing could also be unreliable; precise ore mined and/or metallic recoveries various from Mineral Useful resource and Mineral Reserve estimates, estimates of grade, tonnage, dilution, mine plans and metallurgical and different traits; ore processing effectivity; dangers related to the estimation of Mineral Sources and Mineral Reserves and the geology, grade and continuity of mineral deposits together with however not restricted to fashions relating thereto; imposing authorized rights in international jurisdictions; neighborhood and stakeholder opposition; adjustments in legal guidelines, rules or insurance policies together with however not restricted to these associated to mining regimes, allowing and approvals, environmental and tailings administration, labor, commerce relations, and transportation; dangers related to the structural stability of waste rock dumps or tailings storage services; dilution; dangers referring to dividends; conflicts of curiosity; counterparty and credit score dangers and buyer focus; the estimation of asset carrying values; challenges or defects in title; inner controls; relationships with staff and contractors, and the potential for and results of labor disputes or different unanticipated difficulties with or shortages of labor or interruptions in manufacturing; compliance with international legal guidelines; potential for the allegation of fraud and corruption involving the Firm, its prospects, suppliers or staff, or the allegation of improper or discriminatory employment practices, or human rights violations; compliance with environmental, well being and security rules and legal guidelines; and different dangers and uncertainties, together with however not restricted to these described within the “Threat and Uncertainties” part of the Firm’s AIF and the “Managing Dangers” part of the Firm’s MD&A for the 12 months ended December 31, 2021, which can be found on SEDAR at www.sedar.com below the Firm’s profile. All the forward-looking statements made on this doc are certified by these cautionary statements. Though the Firm has tried to determine essential components that might trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different components that trigger outcomes to not be as anticipated, estimated, forecast or meant and readers are cautioned that the foregoing listing isn’t exhaustive of all components and assumptions which can have been used. Ought to a number of of those dangers and uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes might range materially from these described in forward-looking info. Accordingly, there may be no assurance that forward-looking info will show to be correct and forward-looking info isn’t a assure of future efficiency. Readers are suggested to not place undue reliance on forward-looking info. The forward-looking info contained herein speaks solely as of the date of this doc. The Firm disclaims any intention or obligation to replace or revise ahead‐trying info or to clarify any materials distinction between such and subsequent precise occasions, besides as required by relevant legislation.
SOURCE Lundin Mining Company
For additional info: please contact:Mark Turner, Vice President, Enterprise Valuations and Investor Relations: +1 416 342 5565Irina Kuznetsova, Supervisor, Investor Relations: +1 416 342 5583Robert Eriksson, Investor Relations Sweden: +46 8 440 54 50