07:31 AM EDT, 06/02/2025 (MT Newswires) -- Lundin Mining ( LUNMF ) over the weekend said its number of issued and outstanding shares decreased in the month of May by 823,459 to around 855.8 million.

The decrease is due to share buybacks completed under the normal course issuer bid (NCIB), offset by the exercise of employee stock options and the vesting of employee share units.

The company added that under its shareholder distribution policy, it plans to allocate up to US$150 million in annual share buybacks through the NCIB program and that it has acquired around 12.6 million common shares at a cost of approximately US$104 million so far this year.