07:12 AM EST, 11/03/2025 (MT Newswires) -- Lundin Mining ( LUNMF ) over the weekend said the number of its issued and outstanding shares increased by 149,458 to 856.6-million common shares with voting rights as of Oct. 31.

The company said the increase in the number of issued and outstanding shares from Oct. 1, to date, is a result of the exercise of employee stock options or the vesting of employee share units.

During this period, the company did not buy any shares for cancelation under its Normal Course Issuer Bid (NCIB) program. Under its shareholder distribution policy, it has committed to allocating up to US$150 million in annual share buybacks through the NCIB.

Lundin Mining ( LUNMF ) has bought 12.6-million common shares at about $104 million so far during 2025.

Shares of the company closed down 0.5% to $22.56 on Friday on the Toronto Stock Exchange.