06:38 AM EDT, 08/06/2024 (MT Newswires) -- Lundin Mining ( LUNMF ) over the holiday weekend closed an increase to its existing $US350 Million term loan, maturing on July 27, 2027, in connection with the previously announced closing of the acquisition of an additional 19% interest in SCM Minera Lumina Copper Chile.

The company said it used the loan to refinance a drawdown in the existing $1.75 billion revolving credit facility that was used to fund the upfront payment of $350 million for the additional acquisition of 19% of Lumina Copper, which owns the Caserones copper-molybdenum mine in Chile.