Lundin Mining Provides Update on Ojos del Salado Operations in Chile

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Algemeen advies 11/08/2022 07:38
TORONTO, Aug. 9, 2022 /CNW/ - (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) continues to investigate the cause of a sinkhole that was detected near the Alcaparrosa mine of its Minera Ojos del Salado operations in Chile on July 30 and is cooperating fully with Chilean regulatory authorities in relation to the incident.

All personnel at the operation and in the community are safe and the appearance of the sinkhole did not result in any injuries. As a precautionary measure, development work in an area of the Alcaparrosa underground mine was halted immediately upon detection of the sinkhole, and subsequently all mining operations suspended at Alcaparrosa. On August 4, Chile’s National Service of Geology and Mining (Sernageomin) issued a notification to maintain suspension of all mining activities in Alcaparrosa.

“Our actions in responding to this incident are guided first and foremost by the safety of personnel and community members,” said Peter Rockandel, President and CEO of Lundin Mining. “We are fully committed to working cooperatively with an independent investigation by Sernageomin, in addition to conducting our own investigation, and to communicating regularly with community members, union representatives and other stakeholders to ensure they are informed of developments.”

Contrary to some media reports, the size of the sinkhole has not changed materially since detection. On July 30, the sinkhole measured approximately 32 meters in diameter at the surface, 48 meters in diameter at the bottom and 64 meters deep. The sinkhole is being continuously monitored and as of August 9, the diameter at the surface has increased slightly to 36.5 meters, while the bottom diameter has remained stable at 48 meters and the depth has decreased to 62 meters.

Further information will be provided as events warrant, including following the outcome of investigations into the cause of the sinkhole.

About Lundin Mining
More importantly, Lundin Gold announced that its Board of Directors has declared an inaugural semi-annual cash dividend of US$0.20 per common share. The first semi-annual dividend will be payable on September 13, 2022, to shareholders of record at the close of business on August 24, 2022.

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