Lundin Mining ups copper and zinc production in Q2, posts net loss on rising costs and lower metal prices

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The company said that copper and zinc production in Q2 2022 was higher than the prior year quarter, adding that production costs and cash costs were higher in Q2 2022 than in Q2 2021 primarily due to the inflationary impacts on consumables, particularly diesel and electricity, as well as on contractor and maintenance costs.

For the three months ended June 30, 2022, the company posted a net loss of $48.6 million , while net loss attributable to Lundin Mining shareholders was $52.6 million per share) in the second quarter.

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