Chapada copper (50,038 tonnes) and gold (87,000 oz) production in Brazil both exceeded annual guidance. Chapada returned to full processing capacity in December 2020 after the installation of a second repaired motor on the ball mill.
Eagle copper and nickel mine in US also achieved annual guidance.
Year-end 2020 net debt position was approximately $65 million.
Midday Wednesday, Lundin’s stock was up nearly 3% on the TSE. The company has a C$9 billion market capitalization.