BRIEF-Lundin Mining Reports Q1 Loss Per Share $0.15

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BRIEF-Lundin Mining Reports Q1 Loss Per Share $0.15

posted on Apr 29, 2020 07:34PM

2020-04-29 06:21:06 PM ET (Reuters)

April 29 (Reuters) - Lundin Mining Corp:

* LUNDIN MINING FIRST QUARTER RESULTS

* Q1 ADJUSTED LOSS PER SHARE $0.06

* Q1 LOSS PER SHARE $0.15

* Q1 EARNINGS PER SHARE ESTIMATE $-0.01 -- REFINITIV IBES DATA

* AS OF APRIL 29, 2020, COMPANY HAD A CASH BALANCE OF APPROXIMATELY $300.0 MILLION

* FULL YEAR GUIDANCE RANGE FOR COPPER PRODUCTION HAS BEEN WIDENED AND GOLD PRODUCTION HAS BEEN MODERATELY REDUCED FOR CANDELARIA

* FOR CHAPADA, COPPER PRODUCTION GUIDANCE IS MAINTAINED FOR FY

* FY PRODUCTION AND COST GUIDANCE REMAINS UNCHANGED FOR EAGLE

* FOR NEVES-CORVO, FULL YEAR GUIDANCE RANGE FOR COPPER PRODUCTION HAS BEEN LOWERED TO REFLECT Q1 PRODUCTION

* TOTAL SUSTAINING CAPITAL EXPENDITURES GUIDANCE FOR 2020 HAS BEEN REDUCED BY $80.0 MILLION

* SEES TOTAL CAPEX OF $440 MILLION IN 2020

* QTRLY REVENUE $378.0 MILLION VERSUS $416.4 MILLION Source text for Eikon: Further company coverage:

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