Diversified Canadian base metals miner Lundin Mining met its production guidance for all metals for the 2020 financial year, ended December 31, with copper production standing out at 230 781 t.
Gold production exceeded guidance, reaching 163 000 oz.
Copper and gold production from the Candelaria mine exceeded yearly guidance, as the operation safely returned to full production capacity in December after a new collective union agreement was reached, and following the upgrade of the fourth and final ball mill motor as part of the Candelaria Mill Optimization Project (CMOP). The CMOP is now complete.
The Chapada operation also exceeded guidance, after having returned to full processing capacity in December following the installation of a second repaired motor on the ball mill.
The Eagle mine achieved a strong and consistent operating performance again in 2020, with nickel and copper production meeting yearly guidance and with copper production approaching the upper end of the guidance range.
The Neves-Corvo operation also achieved yearly copper production guidance and zinc production was within 1 000 t of guidance. The Zinc Expansion Project, meant to double current zinc production capacity and improve per unit operating cost, was officially restarted in early January this year.
Additionally, the Zinkgruvan operation's zinc and copper production both achieved yearly production guidance, with zinc approaching the upper bound of the guidance range. Zinc production for the year finished strong, with a grade-driven significant increase in production during the fourth quarter.
Lundin will publish its financial results for the fourth quarter and full-year ended December 31, 2020, on February 18.