Lundin Mining Corporation (TSX:LUN) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 57,597,388 common shares, representing 7.41% of its issued share capital. The purpose of repurchase program is to create shareholder's value.
Any common shares that are purchased under the bid will be cancelled. The bid will expire on December 15, 2025. As of December 6, 2024, the company had 776,914,637 shares in outstanding.