On April 16, 2025, Lundin Mining Corporation completed the sale of its Neves-Corvo operation in Portugal and Zinkgruvan operation in Sweden to Boliden AB for cash proceeds of $1.40 billion, with potential future payments of up to $150 million.
This transaction allows Lundin Mining to concentrate on its growth strategy in the Vicuña District, improving its financial flexibility and strengthening its balance sheet, thereby positioning the company to deliver long-term value to its shareholders.
Cassels acted for Lundin Mining.