Lundin Mining Updates Share Capital, Buybacks

Lundin Mining announced an update on its share capital and share buybacks. As of March 31, 2026, the number of issued and outstanding shares increased by 692,674 to 855,359,839 common shares, primarily due to the exercise of employee stock options or vesting of employee share units. This increase was partially offset by share buybacks under the Normal Course Issuer Bid (NCIB). Lundin Mining has acquired 1,447,194 common shares at a cost of approximately US$40 million so far in 2026, as part of its shareholder distribution policy to allocate up to US$150 million in annual share buybacks. Lundin Mining is a Canadian mining company with operations in Brazil and Chile, focused on producing commodities like Copper, Gold, and Silver.