Lundin Mining shares up ahead of Q1 results

Stockhouse Editorial
0 Comments| April 24, 2013

Lundin Mining Corp. (TSX: T.LUN, Stock Forum) on Wednesday reported net earnings of $50.1 million or 9 cents a share in the first quarter ended March 31, 2013. That was down from $58.3 million or 10 cents in the same period last year, the company said in a press release.

“We remain on track to meet our annual production guidance targets and are well positioned to continue to improve our strong balance sheet throughout the year,’’ said Lundin President and CEO Paul Conibear.

Lundin Mining shares rose 3% Wednesday to $3.96, leaving the company with a market cap of $2.3 billion, based on 584.2 million shares outstanding. The 52-week range is $5.54 and $3.69.

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