Lundin Mining’s operating profit was $ 243 million for the second quarter of 2015 (74.2).
Analysts had expected an operating profit of $ 230 million, according to SME Direkt summary for the report.
The sales totaled $ 501 million for the period (192). Here lay SME Direkt consensus forecast of 500 million.
Cash flow from operations amounted to $ 263 million during the quarter. In the first quarter of 2015, cash flow was $ 224 million.
Lundin Mining is raising its forecast for copper production for the full year 2015, while the expected cash related costs are reduced for the three largest copper assets.
The company’s forecast for total copper production is adjusted up to 262,500 to 277,000 tons, from the previous 257,000 to 271,500 tonnes.
Candelaria copper mine, the forecast of 135,000 to 140,000 tons from the previous 130,000 to 135,000.
For zinc production lowered the forecast of 140,000 to 150,000 tons, from the previous 146,000 to 155,000.
For nickel production forecasted at between 32,000 to 35,500 tonnes.
Blyproduktionsprognosen raised to 34,000 to 38,000 tons, from 31,000 to 35,000.
The forecast for-cash cost per pound of metal is lowered for copper 1:55 Dollars (1:60) at the Portuguese Neves-Corvo and to 1:12 dollars (1:26) at the Tenke mine in Congo.
Zinkgruvan increased cost forecast for zinc to 0.40 dollars per pound (0.35) and for nickel in Aguablanca forecasted to 3.75 dollars per pound.
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