Lundin Mining Continues To Claw Back Lost Ground

Lundin Mining Corporation (LUN.TO) is slowly continuing to claw back lost ground in its share price. The shares are currently trading at $4.28, up 4.4% from yesterday's close of $4.10.

This takes it further away from its year low of $3.17. Lundin shares have been tracking upwards over the last 10 days, after they were trading at $3.39 on Nov 23. They are still well away from their year high of $9.31.

Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Sweden, Spain and Ireland, producing copper, zinc, lead and nickel. The company reported net income of $12.4 million, for the third quarter of 2011 and year-to-date net income of $141.3 million.

The International Copper Study Group expects world apparent refined copper usage in 2012 to grow by 3.6%, mainly supported by a growth of 6% in China as the rest of the world is expected to grow by only 2%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.