07:20 AM EDT, 05/01/2025 (MT Newswires) -- Lundin Mining ( LUNMF ) , which lost 3.6% on Wednesday, said its issued and outstanding shares decreased by roughly 3.9 million to around 856.6 million with voting rights as of April 30.

The decrease from March 31 to date was because of share buybacks completed under the normal course issuer bid, offset by the exercise of employee stock options or the vesting of employee share units, said the company.

The company added that it is committed to allocating up to US$150 million in annual share buybacks through the normal course issuer bid program, in accordance with its shareholder distribution policy.

So far in 2025, Lundin Mining ( LUNMF ) has acquired around 11.7 million common shares at a cost of about US$96 million.