Lundin Mining Corporation (“Lundin Mining” or the “Company”) today announced that its Board of Directors has declared a regular quarterly dividend of CAD$0.09 per share and a semi-annual performance dividend of CAD$0.11 per share, for a combined total of CAD$0.20 per share of dividends declared. The dividends are payable on April 13, 2022, to shareholders of record at the close of business on March 25, 2022 and qualify as an ‘eligible dividend’ for Canadian income tax purposes.
The Company’s total dividend is supported by its dividend framework aimed at returning to shareholders, through a combination of a regular base dividend and semi-annual variable performance dividend, a minimum target of 40% of operating cash flow after capital investments, contingent payments and distributions to partners. The declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors.
Dividends on shares traded on the Toronto Stock Exchange (“TSX”) will be paid in Canadian Dollars (“CAD”) on April 13, 2022. Dividends on shares traded on Nasdaq Stockholm will be paid in Swedish kronor (“SEK”) in accordance with Euroclear principles on April 15, 2022. To execute the payment of the dividend, a temporary administrative cross-border transfer closure will be applied by Euroclear from March 24, 2022 up to and including March 25, 2022 during which period shares of the Company cannot be transferred between TSX and Nasdaq Stockholm.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.
The information was submitted for publication, through the agency of the contact persons set out below on February 17, 2022 at 17:35 Eastern Time.
