Lundin Mining Announces Commercial Production at Eagle Mine

Posted by Lake Superior Community Partnership on November 25, 2014

TORONTO, ONTARIO–(Marketwired – Nov. 24, 2014) – Lundin Mining Corporation (TSX:LUN)(OMX:LUMI) (“Lundin Mining” or the “Company”) announced today the achievement of commercial production at the Eagle Mine (“Eagle”), a high-grade nickel-copper mine located in the Upper Peninsula of Michigan, USA. The mine began operations on September 23 ahead of schedule and on budget. The milestone was reached within two months of start-up and well before the target of Quarter 1, 2015.

Mr. Paul Conibear, President and CEO commented, “The team at Eagle Mine has done an excellent job in accelerating the ramp up and delivering commercial operations ahead of expectations. Going forward, the Eagle Mine will be significant to the earnings and cash flow of Lundin Mining, and a major employer and economic contributor in northern Michigan. We wish to thank all employees, contractors and the community for their efforts in bringing the mine into commercial production safely, and sooner than expected.” Lundin Mining defines commercial production as the ability to maintain average production metrics of 75% of designed throughput, 75% nickel recovery, and the production of on target grade nickel concentrate (11 – 16%) for a period of 30 days. The table below highlights Eagle’s performance from October 1 through November 18.

A copy of the full release can be found here.

ABOUT EAGLE MINE
The Eagle Mine represents a nearly $800 million investment in Michigan’s Upper Peninsula and employs over 400 people. The underground mine is expected to produce 360 million pounds of nickel, 295 million pounds of copper, and small amounts of other metals over its estimated eight year mine life.

FOR FURTHER INFORMATION PLEASE CONTACT:
Dan Blondeau
Senior Advisor, Communications & Media Relations
Phone (906) 869-2502
daniel.blondeau@lundinmining.com