Lundin Mining Completes Additional Stake Acquisition in Caserones and Los Helados from JX Advanced Metals

April 7, 2026

Lundin Mining has completed its previously announced acquisition of an additional 5% equity interest in SCM Minera Lumina Copper Chile (the owner of the Caserones copper-molybdenum mine) and a 30.9% interest in the Los Helados Project. The deal also includes a 0.62% net smelter return royalty on Los Helados for total consideration of US$215 million funded from cash on hand.

Buyers
Lundin Mining Corporation
Targets
SCM Minera Lumina Copper Chile (Caserones copper-molybdenum mine), Los Helados Project
Sellers
JX Advanced Metals Corporation
Location
Chile
Transaction Type
Buyout

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