Lundin Mining (TSE:LUN) Second Quarter 2024 ResultsKey Financial Results

• Revenue: US$1.08b (up 84% from 2Q 2023).

• Net income: US$121.6m (up 106% from 2Q 2023).

• Profit margin: 11% (up from 10.0% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$0.16 (up from US$0.077 in 2Q 2023).

earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lundin Mining Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 28%.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Lundin Mining, and understanding these should be part of your investment process.

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