{"id":1152127,"date":"2019-11-27T12:53:31","date_gmt":"2019-11-27T18:53:31","guid":{"rendered":"https:\/\/www.mining.com\/?p=1007818"},"modified":"2019-11-27T12:53:31","modified_gmt":"2019-11-27T18:53:31","slug":"lundin-anticipates-bump-in-base-metals-production-dividend","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1152127","title":{"rendered":"Lundin anticipates bump in base metals production, dividend"},"content":{"rendered":"<p>Canadian base metals miner Lundin Mining (TSX: LUN) has provided a <a aria-label=\"production guidance (opens in a new tab)\" href=\"https:\/\/www.lundinmining.com\/news\/lundin-mining-provides-operational-outlook-share-122975\/\"  rel=\"noreferrer noopener\">production guidance<\/a> for the three-year period from 2020 to 2022, as well as cash cost, capital and exploration expenditure forecasts for next year.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The company anticipates copper production to increase more than 20% in 2020, with full-year contributions from the Chapada copper-gold mine, which Lundin acquired this year, and higher grades at the Candelaria mine in Chile. The three-year outlook has improved primarily on the inclusion of Chapada and the refinement of Candelaria\u2019s production profile.<\/p>\n<p>Zinc production is forecast to increase over 15% in 2020 compared to 2019, as the Neves-Corvo zinc expansion project (ZEP) in Portugal continues to advance on schedule for phased ramp-up in 2020. Output is estimated to increase a further 30% in 2021 with a full-year contribution from the ZEP.<\/p>\n<p>Nickel production is expected to grow by more than 25% in 2020 and remain at this increased level over the three-year period due to higher ore grade from the company&#8217;s Eagle operations.<\/p>\n<p>Lundin Mining\u2019s capital expenditure guidance for 2020 is set at $620 million, of which $155 million is earmarked for the remining preproduction capital for the ZEP.<\/p>\n<p>Additionally, the company has announced an anticipated 33% increase in its quarterly dividend and renewal of its normal course issuer bid to buy back approximately 63.8 million shares, both pending final approvals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company anticipates copper production to increase more than 20% in 2020.<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1152127"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1152127"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1152127\/revisions"}],"predecessor-version":[{"id":1152130,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1152127\/revisions\/1152130"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1152127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1152127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1152127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}