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  5. LUN: What could be the impact on LUN of the sink hole close to its mine in Chili? [Lundin Mining Corporation]
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Q: What could be the impact on LUN of the sink hole close to its mine in Chili? Does the decrease of its share price rather market/copper related? Thanks.

Asked by Denise on September 01, 2022
5i Research Answer:

LUN has not commented on the sinkhole, which means either it is not material to the company or it has yet to determine its significance. But operations at the mine have been suspended. The sinkhole appeared more than a month ago, so we would expect that the stock valuation reflects the situation now. The copper market has been weak and LUN's recent quarter was not good, so we think this has had more of an impact.