Lundin Mining Corp.

Lundin Mining Corporation announced that its Board of Directors has declared a regular quarterly dividend of Canadian Dollars 0.0275 per share, payable on September 23, 2026, to shareholders of record at the close of business on September 4, 2026. Dividends on shares traded on the Toronto Stock Exchange will be paid in Canadian dollars on September 23, while dividends on shares traded on Nasdaq Stockholm will be paid in Swedish kronor on September 28, 2026. A temporary administrative cross-border transfer closure will be applied by Euroclear from September 2 to September 4, during which shares cannot be transferred between the two exchanges. The dividend qualifies as an eligible dividend for Canadian income tax purposes, and future dividends remain at the discretion of the Board.

Lundin Mining expects its second-quarter revenue to benefit from about $79 million on a pre-tax basis from provisional pricing adjustments on prior-period concentrate sales, primarily reflecting higher prices for previously sold copper and molybdenum. The company also anticipates realized losses of about $12 million on gold collar contracts during the quarter. Additionally, Lundin expects a non-cash gain of about $31 million from the revaluation of its gold collar contracts, driven by a decline in the gold forward curve, which will increase reported earnings but not affect adjusted EBITDA or adjusted earnings. Lundin Mining is scheduled to release its second-quarter operational and financial results on August 5.

Lundin Mining Corporation said its 2026 production guidance remains unchanged. Based on the mid-point of the production guidance and on a forecast copper price of $5.50 per pound and forecast gold price of $4,000 per ounce, revenue for 2026 is expected to be approximately $4.5 billion with adjusted EBITDA of $1.7 billion and adjusted free cash flow from operations of $1.2 billion. From 2026 to 2030, cumulative adjusted EBITDA is projected at approximately $13.2 billion and cumulative adjusted free cash flow from operations at approximately $8.1 billion. From 2031 to 2035, based on long-term commodity prices of $5.50 per pound copper and $3,700 per ounce gold, cumulative adjusted EBITDA is forecast at approximately $22.3 billion and cumulative adjusted free cash flow from operations at approximately $15.5 billion. The company's goal is to reach annual production of over 500,000 tonnes of copper and 550,000 ounces of gold.