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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

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Om Lundin Mining

Affärsvärlden
2014-09-24
Lundin Mining har påbörjat produktion vid Eagle Mine
2014-08-14
Aktiespararens triss i köpråd
2014-08-01
Lundin Minings gruvköp i Chile kan gå i stöpet
2014-07-31
Lundin Mining höjer kopparprognos
2014-07-31
Ökad vinst för Lundin Mining
2014-07-15
Lundin Mining lyfter efter handelsstopp
2014-07-15
Lundin Minings handelsstopp upphävs
2014-07-14
Media: Lundin Mining i jätteaffär
2014-07-10
SEB: Sälj gruvbolaget
SIX
2014-09-25
Lundin Mining: Citi Research höjer rekommendation till köp (neutral)
2014-09-24
Lundin Mining: Har påbörjat produktion vid Eagle Mine
2014-09-16
Gruvor: Metallpriserna går Boliden och Lumis väg hittills i Q3 - SIX
2014-09-11
Lundin Mining: Salman inleder bevakning med rekommendation köp
2014-09-09
Morgonnyheter: Börsnotiser tisdagen den 9 september
2014-09-05
Lundin Mining: Presenterar malmreserver per 30 juni 2014
2014-09-05
Lundin Mining: Presenterar malmreserver per 30 juni 2013
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2014-09-04
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2014-07-31
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Lundin Mining to Release Second Quarter 2014 Results Wednesday, July 30, 2014
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2014-07-14
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LUNDIN MINING RESPONDS TO MEDIA SPECULATION
2014-05-09
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2014-04-30
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2014-04-30
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