11:45 AM EDT, 06/18/2025 (MT Newswires) -- Lundin Mining ( LUNMF ) late on Tuesday said it will host a Capital Markets Day on Wednesday to outline its strategy to achieve over 500,000 tonnes per year of copper production, making it a global top 10 copper producer. and 550,000 ounces per year of gold production.

The company will present growth initiatives at its operations and the development of the Vicuna district in Argentina and Chile.

The company outlined medium-term brownfield expansion opportunities over the next three to five years to grow copper production by 30,000 to 40,000 tonnes per year.

At Candelaria, identified initiatives could boost underground throughput capacity by 50% to 60% to around 22,000 tonnes per day from current levels, resulting in an increase in annual copper production by about 10% per year.

At Caserones, the company expects continued improvements with leaching practices and additional oxide material to increase future production by 7,000 to 10,000 tonnes of copper per year.

At Chapada, internal scoping studies for the Sauva project have identified the potential to add about 15,000 to 20,000 tonnes of copper production per year and 50,000 to 60,000 ounces of gold production per year, representing 50% and 100% increases for copper and gold, respectively.

At Eagle, exploration is underway at the Boulderdash project, where Lundin has entered into exclusivity for a 70% earn-in agreement with Talon Metals.

Lundin Mining ( LUNMF ) holds a 50% interest in the Vicuna project, composed of the Filo del Sol and Josemaria deposits. The company continues to advance the integrated study of the two deposits, which is scheduled for completion in the first quarter of 2026.

Based on the midpoint of the production guidance and on the company's forecast copper price of US$4.40/pound copper, revenue for 2025 is forecast at US$3.7 billion and adjusted free cash flow from operations at US$800 million.

The company is also providing guidance on its financial performance from 2025 to 2029 with forecast cumulative EBITDA of US$8.1 billion and adjusted free cash flow from operations of US$4.9 billion.

The company remains on track to meet annual consolidated production guidance for copper, gold and nickel. Cash cost guidance has been reduced to US$1.95/lb to US$2.15/lb copper, from the previous guidance of US$2.05/lb to US$2.30/lb.

Annual sustaining capital expenditure guidance is maintained at US$530 million. Expenditure guidance related to expansionary capital has increased to $265 million from $205 million, primarily due to an increase in the Vicuna project budget.

Lundin shares were last seen up $0.24 to $14.04 on the Toronto Stock Exchange.

Price: 14.06, Change: +0.26, Percent Change: +1.88