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Author: Admin | 2025-04-28
This page contains non-GAAP measures and forward-looking information about expected future events and financial and operating performance of the Company. All dollar amounts are expressed in U.S. dollars, unless otherwise noted.Production Outlook12025 Cash Cost Guidance2,3,4,5Lundin's consolidated C1 cash cost is forecast to be $2.05 - $2.30/lb of copper, after by-product credits. Candelaria’s cash cost is forecast to be $1.80/lb - $2.00/lb of copper, after by-product credits. Caserones cash cost is forecast to be $2.40/lb – $2.60/lb of copper, after by-product credits. Chapada's cash cost is forecast to be $1.80/lb – $2.00/lb of copper in 2025, after unencumbered gold by-product credits. Eagle's cash cost is forecast to be $3.05/lb – $3.25/lb of nickel in 2025, after by-product copper credits. Cash Cost 2025 Copper Candelaria $1.80/lb - $2.00/lb Caserones $2.40lb - $2.60/lb Chapada $1.80/lb - $2.00/lb Neves-Corvo $1.95/lb - $2.15/lb --> Lundin Consolidated C1 Cash Cost $2.05/lb - $2.30/lb Zinc Zinkgruvan $0.40/lb - $0.45/lb --> Nickel Eagle $3.05/lb - $3.25/lb 2025 Capital Expenditure Guidance2 Capital Expenditures ($ millions) 2025 Sustaining Capital Candelaria (100% basis) $205 Caserones (100% basis) $215 Chapada $85 Eagle $25 Neves-Corvo $110 Zinkgruvan $65 --> Total Sustaining Capital $530 Candelaria (100%) $50 Vicuña $155 Total Expansionary Expenditures $205 Total Capital Expenditures $735 2025 Exploration Expenditure GuidanceExploration expenditures are planned to be $40 million in 2025 primarily for in-mine and near-mine targets at our operations. The largest portion of the planned expenditure will be at Caserones where drilling (18,000 meters (m)) and geophysical programs are planned. Significant drilling programs are also planned at Candelaria (18,000 m), and Chapada (20,000 m) with the goal to grow resources. The drill program at Caserones will focus on deeper in-pit drilling to better define higher grade breccia zones and exploration drilling to continue testing the sulphide mineral potential below the Angelica oxide deposit. At
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