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LUNDIN MINING FOURTH QUARTER AND FULL YEAR 2011 RESULTS

Publicerad 2012-02-23 08:01

Lundin Mining Corporation
Bokslutskommuniké

LUNDIN MINING FOURTH QUARTER AND FULL YEAR 2011 RESULTS

Toronto, February 22, 2012 (TSX: LUN; OMX: LUMI) Lundin Mining Corporation
(?Lundin Mining? or the ?Company?) today reported net earnings of $183.8
million ($0.32 per share) for the fiscal year ended December 31, 2011 and $42.5
million for the fourth quarter of 2011 ($0.07 per share).

Paul Conibear, President and CEO commented, ?We ended the year with a strong
quarter of production, achieving record tonnages of ore mined and milled at
both our Neves-Corvo and Zinkgruvan mines. These production records occurred
in parallel to achieving the best annual safety record in the Company's
history, attesting to improvements made in operations company wide.

The successful start up of the expanded zinc plant at Neves-Corvo in mid-2011
has positioned the mine to become a significant by-product producer of zinc. In
parallel we advanced other internal growth studies to develop strategies to
access deeper Lombador mineralization and the exploitation of Semblana. We also
have committed to our largest exploration program ever for 2012 to extract
value from the multiple new high potential exploration targets in and around
Neves-Corvo.

Internally we have staffed up in our corporate development, technical and
project execution capabilities and have begun to evaluate new growth
opportunities.

Tenke finished the year with strong production results and we are very excited
about construction progress being made on the Phase II expansion. The
significant contribution this outstanding copper operation makes to the Company
is becoming quite evident and several catalysts for increasing asset value in
the year ahead are expected as expanded production milestones are achieved.

As the year progressed the Company achieved improved operating cashflow, and we
ended the year with a healthy balance sheet and a strong net cash position."



---

For complete report, please see attached file.


For further information, please contact:
Sophia Shane, Investor Relations North America: +1-604-689-7842
John Miniotis, Senior Business Analyst: +1-416-342-5565
Robert Eriksson, Investor Relations Sweden: +46 8 545 015 50
https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=492173&messageId=602912

Om Lundin Mining

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Om Lundin Mining

Affärsvärlden
2016-04-28
Mindre förlust än väntat för Lundin Mining
2016-04-26
Danske Bank sänker två bolag
2016-04-14
Swedbank: Två köpvärda gruvbolag
SIX
13:08
Lundin Mining: Goldman Sachs drar upp riktkurs till 3,80 CAD (2,80)
2016-05-26
Morgonnyheter: Börsnotiser torsdagen den 26 maj
2016-05-26
Lundin Mining: Mångmiljardaffär hägrar, extrautdelning möjlig - DI
2016-05-25
Lundin Mining: Har inget intresse av att bli uppköpta - VD
2016-05-25
Lundin Mining: Den värsta tiden är troligen bakom oss - VD
2016-05-25
Kalender: Onsdagen den 25 maj
2016-05-23
Gruvor: Tenke-köparen CMOC tar in 18 Mdr RMB i riktad emission
2016-05-16
Börs: Börsens billigaste egenkapital, maj 2016 - SIX
2016-05-16
Freeport McMoRan: Kongolesiska regeringen undersöker Tenke-affär
2016-05-11
Lundin Mining: Paradigm drar upp riktkurs till 7,75 CAD (6,50)
Pressmeddelanden
2016-06-01
UPDATED SHARE CAPITAL AND VOTING RIGHTS FOR LUNDIN MINING
2016-05-16
LUNDIN MINING ANNOUNCES ELECTION OF DIRECTORS
2016-05-10
Lundin Mining Receives Notice of Right of First Offer on Tenke Fungurume
2016-04-28
LUNDIN MINING FIRST QUARTER RESULTS
2016-04-07
Lundin Mining to Release First Quarter 2016 Results Wednesday, April 27, 2016
2016-04-01
UPDATED SHARE CAPITAL AND VOTING RIGHTS FOR LUNDIN MINING
2016-03-04
LUNDIN MINING ANNOUNCES AGREEMENT TO ACQUIRE INTEREST IN HIGH GRADE COPPER/GOLD PROJECT FROM FREEPORT
2016-02-19
LUNDIN MINING FOURTH QUARTER AND FULL YEAR RESULTS
2016-02-19
LUNDIN MINING PUBLISHES 2015 ANNUAL FILINGS
2016-02-04
Lundin Mining to Release Fourth Quarter 2015 Results Thursday, February 18, 2016