Issue 29: Copper is Down: Why This Could be Positive for Lundin
Lundin Mining Corp (TSX:LUN) is a diversified base metals mining company producing copper, zinc, nickel and gold. Approximately 59% of its revenue comes from copper. LUN is in a much different scenario than most copper companies though as it has over US$1.5 billion dollars of cash and equivalents on its balance sheet. LUN is extremely well positioned in this copper price environment. The commodity is down 16% from its high.
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Issue 29: Copper is Down: Why This Could be Positive for Lundin
Lundin Mining Corp (TSX:LUN) is a diversified base metals mining company producing copper, zinc, nickel and gold. Approximately 59% of its revenue comes from copper. LUN is in a much different scenario than most copper companies though as it has over US$1.5 billion dollars of cash and equivalents on its balance sheet. LUN is extremely well positioned in this copper price environment. The commodity is down 16% from its high.
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