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As Of Filer Filing For·On·As Docs:Size Issuer Agent 10/16/06 Lundin Mining Corp 40FR12B 97:20M Newsfile Cor… Toronto/FA |
Document/Exhibit Description Pages Size 1: 40FR12B Registration of Securities of a Canadian Issuer -- HTML 103K SEA'34 §12(b) 2: EX-23.1 Consent of Experts or Counsel HTML 22K 11: EX-23.10 Consent of Experts or Counsel HTML 22K 3: EX-23.2 Consent of Experts or Counsel HTML 22K 4: EX-23.3 Consent of Experts or Counsel HTML 24K 5: EX-23.4 Consent of Experts or Counsel HTML 24K 6: EX-23.5 Consent of Experts or Counsel HTML 24K 7: EX-23.6 Consent of Experts or Counsel HTML 24K 8: EX-23.7 Consent of Experts or Counsel HTML 22K 9: EX-23.8 Consent of Experts or Counsel HTML 22K 10: EX-23.9 Consent of Experts or Counsel HTML 22K 12: EX-99.1 Miscellaneous Exhibit HTML 85K 21: EX-99.10 Miscellaneous Exhibit HTML 23K 22: EX-99.11 Miscellaneous Exhibit HTML 28K 23: EX-99.12 Miscellaneous Exhibit HTML 84K 24: EX-99.13 Miscellaneous Exhibit HTML 25K 25: EX-99.14 Miscellaneous Exhibit HTML 32K 26: EX-99.15 Miscellaneous Exhibit HTML 26K 27: EX-99.16 Miscellaneous Exhibit HTML 169K 28: EX-99.17 Miscellaneous Exhibit HTML 24K 29: EX-99.18 Miscellaneous Exhibit HTML 212K 30: EX-99.19 Miscellaneous Exhibit HTML 543K 13: EX-99.2 Miscellaneous Exhibit HTML 169K 31: EX-99.20 Miscellaneous Exhibit HTML 24K 32: EX-99.21 Miscellaneous Exhibit HTML 190K 33: EX-99.22 Miscellaneous Exhibit HTML 37K 34: EX-99.23 Miscellaneous Exhibit HTML 304K 35: EX-99.24 Miscellaneous Exhibit HTML 25K 36: EX-99.25 Miscellaneous Exhibit HTML 24K 37: EX-99.26 Miscellaneous Exhibit HTML 33K 38: EX-99.27 Miscellaneous Exhibit HTML 25K 39: EX-99.28 Miscellaneous Exhibit HTML 535K 40: EX-99.29 Miscellaneous Exhibit HTML 35K 14: EX-99.3 Miscellaneous Exhibit HTML 25K 41: EX-99.30 Miscellaneous Exhibit HTML 384K 42: EX-99.31 Miscellaneous Exhibit HTML 209K 43: EX-99.32 Miscellaneous Exhibit HTML 22K 44: EX-99.33 Miscellaneous Exhibit HTML 26K 45: EX-99.34 Miscellaneous Exhibit HTML 24K 46: EX-99.35 Miscellaneous Exhibit HTML 22K 47: EX-99.36 Miscellaneous Exhibit HTML 26K 48: EX-99.37 Miscellaneous Exhibit HTML 212K 49: EX-99.38 Miscellaneous Exhibit HTML 52K 50: EX-99.39 Miscellaneous Exhibit HTML 25K 15: EX-99.4 Miscellaneous Exhibit HTML 39K 51: EX-99.40 Miscellaneous Exhibit HTML 551K 52: EX-99.41 Miscellaneous Exhibit HTML 25K 53: EX-99.42 Miscellaneous Exhibit HTML 33K 54: EX-99.43 Miscellaneous Exhibit HTML 24K 55: EX-99.44 Miscellaneous Exhibit HTML 25K 56: EX-99.45 Miscellaneous Exhibit HTML 25K 57: EX-99.46 Miscellaneous Exhibit HTML 25K 58: EX-99.47 Miscellaneous Exhibit HTML 28K 59: EX-99.48 Miscellaneous Exhibit HTML 25K 60: EX-99.49 Miscellaneous Exhibit HTML 26K 16: EX-99.5 Miscellaneous Exhibit HTML 31K 61: EX-99.50 Miscellaneous Exhibit HTML 244K 62: EX-99.51 Miscellaneous Exhibit HTML 269K 63: EX-99.52 Miscellaneous Exhibit HTML 44K 64: EX-99.53 Miscellaneous Exhibit HTML 24K 65: EX-99.54 Miscellaneous Exhibit HTML 25K 66: EX-99.55 Miscellaneous Exhibit HTML 105K 67: EX-99.56 Miscellaneous Exhibit HTML 415K 68: EX-99.57 Miscellaneous Exhibit HTML 52K 69: EX-99.58 Miscellaneous Exhibit HTML 38K 70: EX-99.59 Miscellaneous Exhibit HTML 260K 17: EX-99.6 Miscellaneous Exhibit HTML 26K 71: EX-99.60 Miscellaneous Exhibit HTML 112K 72: EX-99.61 Miscellaneous Exhibit HTML 169K 73: EX-99.62 Miscellaneous Exhibit HTML 24K 74: EX-99.63 Miscellaneous Exhibit HTML 24K 75: EX-99.64 Miscellaneous Exhibit HTML 240K 76: EX-99.65 Miscellaneous Exhibit HTML 513K 77: EX-99.66 Miscellaneous Exhibit HTML 25K 78: EX-99.67 Miscellaneous Exhibit HTML 30K 79: EX-99.68 Miscellaneous Exhibit HTML 33K 80: EX-99.69 Miscellaneous Exhibit HTML 39K 18: EX-99.7 Miscellaneous Exhibit HTML 168K 81: EX-99.70 Miscellaneous Exhibit HTML 479K 82: EX-99.71 Miscellaneous Exhibit HTML 344K 83: EX-99.72 Miscellaneous Exhibit HTML 25K 84: EX-99.73 Miscellaneous Exhibit HTML 42K 85: EX-99.74 Miscellaneous Exhibit HTML 48K 86: EX-99.75 Miscellaneous Exhibit HTML 27K 87: EX-99.76 Miscellaneous Exhibit HTML 707K 88: EX-99.77 Miscellaneous Exhibit HTML 21K 89: EX-99.78 Miscellaneous Exhibit HTML 23K 90: EX-99.79 Miscellaneous Exhibit HTML 23K 19: EX-99.8 Miscellaneous Exhibit HTML 30K 91: EX-99.80 Miscellaneous Exhibit HTML 24K 92: EX-99.81 Miscellaneous Exhibit HTML 28K 93: EX-99.82 Miscellaneous Exhibit HTML 41K 94: EX-99.83 Miscellaneous Exhibit HTML 37K 95: EX-99.84 Miscellaneous Exhibit HTML 23K 96: EX-99.85 Miscellaneous Exhibit HTML 24K 97: EX-99.86 Miscellaneous Exhibit HTML 32K 20: EX-99.9 Miscellaneous Exhibit HTML 1.05M
Lundin Mining Corporation - Exhibit 99.1 - Prepared By TNT Filings Inc. |
2101 - 885 West Georgia Street
Vancouver, B.C. Canada V6C 3E8 Tel: +1 604 689 78 42 Fax: +1 604 689 42 50 |
Hovslagargatan 5 SE-111 48 Stockholm, Sweden Tel: +46 8 545 074 70 Fax: +46 8 545 074 71 |
Not for release, publication or distribution in or into Australia, Japan or the United States. The Offer is not aimed at persons whose participation requires further prospectuses, registration measures or similar measures other than those that follow Swedish law and therefore is not being made to persons in any such jurisdictions including Australia, Canada, Japan or the United States.
NEWS RELEASE
Lundin Mining makes a public offer for North Atlantic Natural Resources
January 21, 2005 (LUN - TSX, LUMI - Stockholmsbörsen) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce a public offer for all outstanding shares in North Atlantic Natural Resources AB (publ) ("NAN").
A brief description of NAN's key assets
The main asset of NAN is the Storliden copper/zinc mine in the Skellefte mining district in Västerbotten. The Storliden mine was discovered in 1998 and put in production in 2002. During 2003, more than 333,000 tonnes of ore from Storliden was treated at the mill in the town of Boliden some 90 kilometres from the mine. On average, the ore from Storliden is grading 9.8 percent zinc and 3.5 percent copper as well as 0.3 grams per tonne gold and 25.4 grams per tonne silver. As of January 1, 2004, the Proved and Probable Ore Reserves at the Storliden mine were 1,108,000 tonnes.
The Storliden deposit has been developed pursuant to a joint venture agreement between NAN and Boliden whereby Boliden, among other things, is acting as main contractor and operator. Pursuant to the acquisition agreement, under which Lundin Mining acquired Boliden's shares in NAN, Boliden has guaranteed the availability of the Boliden mill/concentrator, throughout the life of the Storliden mine. In addition, Boliden's right of first refusal to acquire any base metal deposit found by NAN was terminated.
In addition to Storliden, NAN holds exploration permits covering several areas in and around the Skellefte mining district. During the fall of 2004, NAN initiated an exploration programme focusing on several prospective targets. Drilling in the immediate area surrounding the Storliden mine is aimed at extending the life of the mine. Immediately south of the Skellefte mining district is the Lappvattnet copper-nickel prospect within a prolific mineralized area known as the "Nickel Belt". A further area being explored during the coming months is Copperstone, a copper project in the northern part of the Skellefte district.
Lundin Mining Corporation Background and reasons
On December 30, 2004, Lundin Mining acquired 11,537,000 shares in NAN from
Boliden, bringing Lundin Mining's total holding of NAN shares to 23,117,000,
corresponding to 74.0 percent of shares and votes. The acquisition resulted in Lundin Mining becoming subject to the rules for mandatory offers.
The acquisition of Boliden's shares, in combination with this public offer
for all outstanding shares of NAN (the Share alternative and the Cash
alternative together referred to as the "Offer") reflect the view of the board
of directors of Lundin Mining that the two companies joined together would form
a leading mid-tier base metals producer in Europe, with a strong and well
balanced portfolio of high-quality, low cost mining operations and exploration
assets in highly prospective areas. The incorporation of NAN into Lundin Mining, will result in a
company with strong cash flow from operations (the Zinkgruvan mine and the
Storliden mine) facilitating continued aggressive exploration in and around the
Skellefte district, the Bergslagen district and the Norrbotten mining district
of northern Sweden, as well as in other potential areas of interest.
Lundin Mining has a very strong cash position, partly as a
result of the agreement with Silver Wheaton which closed on December 8, 2004.
The agreement calls for Silver Wheaton to buy 40 million ounces of silver from
Zinkgruvan over a period of 25 years for a total consideration of USD 80 million
+ USD 3.90/oz silver.
Through the Offer the present shareholders of NAN will be given the
opportunity for continued exposure to NAN's exploration assets, while benefiting
from Lundin Mining's world class mining asset (the Zinkgruvan mine), several
additional exploration assets and strong cash flow from operations. With a
strong cash position and having no long term debt, Lundin Mining is in the
process of evaluating further major acquisitions.
The acquisition of NAN will bring a proven exploration team and a team of
experienced mining employees together in Lundin Mining. The combined team will
be able to continue the previously successful exploration and development
efforts of both NAN and Lundin Mining in the financially strong and
growth-oriented Lundin Mining.
It is the opinion of the Board of Directors of Lundin Mining that the
combination of the two companies will further strengthen the shareholder base of
Lundin Mining, thus offering the shareholders of NAN to become shareholders in a
larger entity with better stock market liquidity.
The Offer
The Board of Directors of Lundin Mining decided to make a public offer today
to the shareholders of NAN to acquire all outstanding shares in NAN. Lundin
Mining currently holds 23,117,000 shares, corresponding to 74.0 percent of the
shares and votes.
For all outstanding shares in NAN, Lundin Mining offers either one (1) newly
issued share in Lundin Mining for every 5.3 shares in NAN, or SEK 10.75 per NAN
share. The Cash alternative is based on the last price paid for Lundin Mining's
Swedish Depository Receipts ("SDR") of SEK 57.00 prior to the trading halt on
December 30, 2004. Consideration in shares will be delivered in the form of SDRs, listed on the
O-list at Stockholmsbörsen. Each SDR represents one share in Lundin Mining. Fractions of shares in Lundin Mining will not be issued. To the extent
shareholders in NAN are entitled to fractions of shares, these fractions will be
combined and in the form of SDRs in Lundin Mining sold on a best effort basis on
Stockholmsbörsen on behalf of NAN shareholders and the proceeds will be
distributed to the NAN shareholders so entitled. Further information will be
included in the forthcoming prospectus. Commission will not be charged for NAN shares submitted in response to the
Offer.
The Swedish Industry and Commerce Stock Exchange Committee's (Näringslivets
Börskommitté (NBK)) rules governing public offers regarding share acquisitions
and the Securities Council's (Aktiemarknadsnämnden) information regarding
interpretation and application of the rules apply to the Offer.
News Release
Page 2
Lundin Mining Corporation Conditions to the Offer
The Offer is subject to requisite regulatory approvals in Canada and Sweden.
Offer premium
Based on the last price paid on the O-list at Stockholmsbörsen for Lundin
Mining's SDRs and NAN's shares prior to the trading halt on December 30, 2004,
of SEK 57.00 and SEK 12.30, respectively, the Offer corresponds to a negative
premium of 12.6 percent. Based on the average price paid on the O-list at Stockholmsbörsen for Lundin
Mining's SDRs and NAN's shares during the most recent 30 trading days up to the
day prior to the acquisition from Boliden, December 29, 2004, of SEK 57.07 and
SEK 12.03, respectively, the Share alternative corresponds to a negative premium
of 10.5 percent and the Cash alternative to a negative premium of 10.6 percent.
Offer value
At full acceptance of the Offer through the Share alternative, approximately
1,532,775 new shares, in the form of SDRs, in Lundin Mining will be issued,
which means that shareholders in NAN in total receive 4.4 percent of shares and
votes in Lundin Mining and at full acceptance through the Cash alternative a
total cash compensation of SEK 87.3 million will be paid to NAN's shareholders.
Financing
Financing of the Offer will be made through the issuance of
Lundin Mining shares in exchange for NAN shares and through the Company's cash
holdings. The issuance of shares is authorised by the Board of Directors of Lundin Mining.
Identity of and other information
The Offer is made through Lundin Mining Corporation, a Canadian company with
corporate registration number 306723-8. The Company's registered office is
located in Vancouver, British Columbia, Canada. The Lundin Mining shares are
listed on the Toronto Stock Exchange (trading symbol: "LUN") and in the form of
SDRs on the O-list at Stockholmsbörsen (trading symbol: "LUMI). Lundin Mining's President, Edward F. Posey, serves as President of NAN and
the Company's Executive VP Operations, Karl-Axel Waplan, serves as deputy board
member of NAN. The Chairman of the Board of Directors of Lundin Mining, Lukas H.
Lundin, serves as a board member of NAN.
Time schedule
It is estimated that an offer prospectus will be distributed to the
shareholders of NAN on or about February 11, 2005. The acceptance period for the
Offer is expected to extend from February 14 through March 4, 2005. It is
estimated that the accounting for payment to those shareholders that have
accepted the Offer will commence on or about March 14, 2005. Lundin Mining
reserves the right to extend the acceptance period.
Advisor
E. Öhman J:or Fondkommission AB is Lundin Mining's financial advisor in
connection with the Offer. Financial information
The pro forma financial information presented below is indicative and may be
subject to changes. The pro forma financial information does not take into
account, among other things, potential synergies, restructuring costs or
transaction costs.
News Release
Page 3
Lundin Mining Corporation Comments to the pro forma financial information for the twelve
months ended December 31, 2003
a) Pro
forma financial statements as at December 31, 2003, are prepared in respect of a
holding of 74 percent of the shares in NAN as at January 1, 2003 in the income
statement and as at December 31, 2003 in the balance sheet, and are recalculated
from SEK to CAD using a conversion rate of 0.1734 in the income statement and
0.1796 in the balance sheet.. b) The
financials for Lundin Mining are based on pro forma as if the acquisition of
North Mining Svenska AB ("NMS") was made as at January 1, 2003 in the income
statement and as at December 31, 2003 in the balance sheet, c) The
financials for NAN are actual.
News Release
Page 4
Lundin Mining | Pro forma | ||||
Pro forma | NAN | NAN | consolidated | ||
Twelve months ended | Twelve months ended | Twelve months ended | Twelve months ended | ||
Dec 31, 2003 | Dec 31, 2003 | Dec 31, 2003 | Adjustment | Dec 31, 2003 | |
CAD Million (b) | SEK Million (c) | CAD Million | Pro forma | CAD Million (a) | |
Sales | 63.4 | 276.8 | 48.0 | 111.4 | |
Cost of sales | -60.4 | -198.2 | -34.4 | -5.6 | -100.4 |
Gross margin | 3.0 | 78.6 | 13.6 | -5.6 | 11.0 |
Expenses | |||||
Administrative expenses | -6.3 | -8.5 | -1.5 | -7.8 | |
General exploration and project investigation | -1.4 | -11.0 | -1.9 | -3.3 | |
Other income (expenses) | -0.2 | 1.6 | 0.3 | 0.1 | |
-7.9 | -17.9 | -3.1 | -11.0 | ||
Income before undernoted | -4.9 | 60.7 | 10.5 | -5.6 | 0.0 |
Equity in income of significantly influenced investee | 2.9 | - | - | -2.9 | 0.0 |
Income before income taxes | -2.0 | 60.7 | 10.5 | -8.5 | 0.0 |
Future income tax expense | -0.1 | -17.0 | -2.9 | 1.6 | -1.5 |
Minority interest | - | - | - | -2.0 | -2.0 |
Net income for the period | -2.1 | 43.7 | 7.6 | -8.9 | -3.4 |
Balance sheet | |||||
ASSETS | |||||
Current assets | |||||
Cash | 13.1 | 1.0 | 0.2 | 13.3 | |
Accounts receivable | 7.7 | 1.0 | 0.2 | 7.9 | |
Inventories | 6.9 | 5.2 | 0.9 | 7.8 | |
Loan receivable from NAN | 0.9 | - | - | -0.9 | - |
Prepaid expenses | 0.2 | 23.6 | 4.2 | 4.4 | |
Other short term receivables | 1.3 | 0.3 | 0.1 | - | 1.4 |
30.1 | 31.1 | 5.6 | -0.9 | 34.8 | |
Long-term receivables | 0.7 | - | - | 0.7 | |
Shares in NAN | 22.0 | - | - | -22.0 | - |
Investment in NAN | 8.5 | - | - | -8.5 | - |
Properties, plant and equipment | |||||
Mining properties | 177.5 | 110.5 | 19.8 | 17.4 | 214.7 |
Machinery and other technical equipment | 21.9 | 0.3 | 0.1 | 22.0 | |
Future income tax assets | 3.9 | 22.1 | 4.0 | 7.9 | |
234.5 | 132.9 | 23.9 | -13.2 | 245.2 | |
264.6 | 164.0 | 29.5 | -14.1 | 280.0 | |
LIABILITIES | |||||
Current liabilities | |||||
Accounts payable and other accrued liabilities | 3.5 | 2.0 | 0.4 | 3.9 | |
Accrued expenses | 4.4 | 8.9 | 1.6 | 6.0 | |
Due to related parties | 1.0 | 26.7 | 4.8 | -2.6 | 3.2 |
Other current liabilities | 1.3 | 2.1 | 0.4 | 1.7 | |
10.2 | 39.7 | 7.1 | 14.7 | ||
Long term liabilities | |||||
Provisions for pensions | 16.3 | - | - | 16.3 | |
Other provisions | 13.1 | 1.0 | 0.2 | 13.3 | |
Future income tax liabilities | 41.9 | - | - | 4.9 | 46.8 |
71.3 | 1.0 | 0.2 | 4.9 | 76.3 | |
SHAREHOLDERS' EQUITY | 183.1 | 123.3 | 22.1 | -22.1 | 183.1 |
Minority interest | - | - | - | 5.8 | 5.8 |
183.1 | 123.3 | 22.1 | -16.3 | 188.9 | |
264.6 | 164.0 | 29.5 | -11.5 | 280.0 |
Key financial data | Lundin Mining | Pro forma |
Twelve months ended | consolidated | |
Dec 31, 2003 | Dec 31, 2003 | |
Number of shares at end of period fully diluted | 31,260,257 | 33,437,057 |
Weighted average number of shares at end of period | ||
fully diluted | 28,204,807 | 30,381,607 |
Shareholders's equity per share fully diluted, CAD | 5.86 | 5.48 |
Income per share fully diluted, CAD | -0.07 | -0.11 |
Equity ratio | 69% | 65% |
Lundin Mining Corporation Comments to the pro forma financial information for the nine
months ended September 30, 2004
News Release
Page 5
b) The financials for Lundin Mining are based on pro forma as the acquisition of NMS was made as per January 1, 2004 in the income statement and per September 30, 2004 in the balance sheet.
c) The financials for NAN are actual.
Lundin Mining | Pro forma | ||||
Pro forma | NAN | NAN | consolidated | ||
Nine months ended | Nine months ended | Nine months ended | Nine months ended | ||
Sep 30, 2004 | Sep 30, 2004 | Sep 30, 2004 | Adjustment | Sep 30, 2004 | |
CAD Million (b) | SEK Million (c) | CAD Million | Pro forma | CAD Million (a) | |
Sales | 62.8 | 183.8 | 32.7 | 95.5 | |
Cost of sales | -47.4 | -130.0 | -23.1 | -4.3 | -74.8 |
Gross margin | 15.4 | 53.8 | 9.6 | -4.3 | 20.7 |
Expenses | |||||
Administrative expenses | -5.6 | -19.7 | -3.5 | -9.1 | |
General exploration and project investigation | -3.8 | -9.6 | -1.7 | -5.5 | |
Other income (expenses) | 1.8 | 3.8 | 0.7 | 2.5 | |
-7.6 | -25.5 | -4.5 | -12.1 | ||
Income before undernoted | 7.8 | 28.3 | 5.0 | -4.3 | 8.5 |
Gain on sale of investment in NAN | 0.9 | - | 0.9 | ||
Equity in income of significantly influenced investee | 1.4 | - | -1.4 | - | |
Income before income taxes | 10.1 | 28.3 | 5.0 | -5.7 | 9.4 |
Future income tax expense | -3.0 | -7.9 | -1.4 | 1.2 | -3.2 |
Minority interest | -0.9 | -0.9 | |||
Net income for the period | 7.1 | 20.4 | 3.6 | -5.4 | 5.3 |
Balance sheet | |||||
ASSETS | |||||
Current assets | |||||
Cash | 32.4 | 18.9 | 3.3 | 35.7 | |
Accounts receivable | 7.8 | 1.3 | 0.2 | 8.0 | |
Inventories | 5.6 | 3.2 | 0.6 | 6.2 | |
Prepaid expenses | 0.3 | 25.7 | 4.4 | 4.7 | |
Other short term receivables | - | 3.2 | 0.6 | 0.6 | |
46.1 | 52.3 | 9.0 | 55.1 | ||
Long-term receivables | 0.7 | - | - | 0.7 | |
Shares in NAN | 21.2 | - | - | -21.2 | - |
Investment in NAN | 9.3 | - | - | -9.3 | - |
Properties, plant and equipment | |||||
Mining properties | 175.7 | 92.5 | 16.0 | 16.7 | 208.4 |
Machinery and other technical equipment | 19.6 | 0.8 | 0.1 | 19.7 | |
Future income tax assets | 3.7 | 14.1 | 2.4 | 6.1 | |
230.2 | 107.4 | 18.5 | -13.8 | 235.0 | |
276.3 | 159.7 | 27.6 | -13.8 | 290.1 | |
LIABILITIES | |||||
Current liabilities | |||||
Accounts payable and other accrued liabilities | 4.9 | 7.5 | 1.3 | 6.2 | |
Accrued expenses | 4.5 | 3.6 | 0.6 | 5.1 | |
Due to related parties | 0.1 | - | - | -0.1 | 0.0 |
Other current liabilities | 4.0 | 3.1 | 0.5 | 4.5 | |
13.5 | 14.2 | 2.5 | -0.1 | 15.8 | |
Long term liabilities | |||||
Capital lease obligations | 0.7 | - | - | 0.7 | |
Provisions for pensions | 15.0 | - | - | 15.0 | |
Other provisions | 12.9 | 1.8 | 0.3 | 13.2 | |
Future income tax liabilities | 38.5 | - | - | 4.7 | 43.2 |
67.1 | 1.8 | 0.3 | 4.7 | 72.1 | |
SHAREHOLDERS' EQUITY | 195.7 | 143.7 | 24.8 | -24.8 | 195.7 |
Minority interest | - | - | - | 6.5 | 6.5 |
195.7 | 143.7 | 24.8 | -18.4 | 202.2 | |
276.3 | 159.7 | 27.6 | -13.8 | 290.1 |
Key financial data | Lundin Mining | Pro forma |
Nine months ended | consolidated | |
Sep 30, 2004 | Sep 30, 2004 | |
Number of shares at end of period fully diluted | 31,547,471 | 33,724,271 |
Weighted average number of shares at end of period | ||
fully diluted | 31,478,714 | 33,655,514 |
Shareholders's equity per share fully diluted, CAD | 6.20 | 5.80 |
Income per share fully diluted, CAD | 0.23 | 0.16 |
Equity ratio | 71% | 67% |
Lundin Mining Corporation Conference call
A conference call with respect to the Offer has been scheduled for Monday,
January 24, 2005 at 16:00 CET (10:00 a.m.Toronto time). Please call in 5 minutes
before the conference starts and stay on the line (an operator will be available
to assist you).
Call-in number for the conference call: +46 (0)8 505 201 14
A replay of the telephone conference will be available approximately one hour
after the completion of the conference and until January 31, 2005. Replay number
is: +46 (0)8 505 20 333. To access the recording, please enter access code
642021.
A recording of the conference will also be available for download at
www.lundinmining.com approximately one hour after the conference has ended.
Lundin Mining is a Canadian mining and exploration company
with a primary focus in Scandinavia. The main asset of the company is the
Zinkgruvan mine, located about 200 kilometers southwest of Stockholm, Sweden.
The mine has been producing zinc, lead and silver on a continuous basis since
1857. Zinkgruvan has consistently ranked in the lowest cost quartile among zinc
mines in the world. Lundin Mining holds 74 percent of the shares of NAN, a
mining and exploration company listed on the Stockholm Stock Exchange under the
ticker symbol NAN. NAN's primary asset is the Storliden copper and zinc mine in
the Skellefte District of northern Sweden, which has been in production since
2002. Lundin Mining also holds a large copper/gold exploration project in the
prolific Norrbotten Mining District in northern Sweden.
ON BEHALF OF THE BOARD
"LUKAS H. LUNDIN" For further information, please contact:
News Release
Page 6
Chairman
Lukas H. Lundin, Chairman: +1 (604) 689 7842 or
Karl-Axel Waplan, Executive Vice President Operations: +46 (0) 8 545 074 73
This ‘40FR12B’ Filing | Date | Other Filings | ||
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