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Lundin meets FY'18 output forecast for copper, beats guidance for zinc, nickel

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Lundin meets FY'18 output forecast for copper, beats guidance for zinc, nickel

Ontario-based Lundin Mining Corp. achieved its 2018 production guidance for copper while beating the forecast for zinc and nickel on the back of strong performance at all operations.

The company said Jan. 15 that it produced 199,630 tonnes of copper in 2018, lower compared to 202,989 tonnes in 2017 but within the year's guidance of 193,750 to 201,250 tonnes.

Zinc production totaled 152,041 tonnes, up from 149,319 tonnes a year ago and higher than the full-year guidance of 147,000 to 151,000 tonnes.

Nickel output also beat the year's guidance of 15,000 to 17,000 tonnes with production of 17,573 tonnes, albeit lower compared to 22,081 tonnes in the prior year.

Output in the fourth quarter of 2018 totaled 48,206 tonnes of copper, 42,024 tonnes of zinc and 3,501 tonnes of nickel. In comparison, fourth-quarter output in 2017 stood at 45,656 tonnes of copper, 37,332 tonnes of zinc and 4,299 tonnes of nickel.