Lundin Mining Vows to Become a Top-10 Copper Producer

Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Lundin Mining (Vancouver, British Columbia) has set a new goal to produce 500,000 tons of copper and 550,000 ounces of gold per year in the near future through brownfield expansions across its projects and the development of a new mine.

The company aims to reach its goal over the next three to five years by boosting production at the Candelaria and Caserones mines in Chile and the Chapada mine in Brazil.

The company seeks to expand the Candelaria mine that would allow it to increase daily throughput by 50% to 60%, lifting yearly production to 14,000 tons of copper at a low capital cost. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project and Plant Databases can click here for the project report and click here for the plant profile.

Lundin expects to boost copper production at the Caserones mine by 7,000-10,000 tons per year through improvements in its leaching practices and additional oxide material. Subscribers can click here for Caserones mine projects and click here for the plant profile.

By the end of the year, Lundin also expects to finish a feasibility study of the Sauva project, located 15 kilometers (9 miles) from its Chapada mine in Brazil. The project could increase production between 15,000 tons to 20,000 tons of copper and 50,000 to 60,000 ounces of gold yearly, increasing Chapada's output by 50% and 100%, respectively. Subscribers can click here for the project report and click here for the plant profile.

"In parallel, our Vicuña Project (in Argentina) offers transformational long- term growth potential. Backed by a significantly strengthened balance sheet, reduced cash costs, robust free cash flow generation, and a best-in-class team, we are well-positioned to continue returning capital to shareholders while advancing our ambition of becoming a top-ten global copper producer," said Chief Executive Officer Jack Lundin.

Subscribers can click here for the Vicuña Josemaria project reports and click here for the plant profile.

Lundin also is conducting a study of the Filo del Sol copper, silver and gold, above-ground mining project in Argentina, which it expects to complete by first-quarter 2026. Subscribers can click here for the project report and click here for the plant profile.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).