TORONTO, July 27, 2022 – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corp. (“Lundin Mining” or the “Company”) announces the appointment of Ms. Natasha Vaz to the Company’s Board of Directors (the “Board”) effective August 1, 2022. The Corporation will also announce the appointments of:
Ms. Catherine Stefan, Chair of the Corporate Governance and Appointment Committee of the Board of Directors of Lundin Mining, said: “Natasha’s operational leadership at the executive point will bring valuable new insights to our Board of Directors, rooted in the existing context. His appointment is part of an ongoing renewal process, aimed at ensuring that the Board of Directors maintains the capabilities and expertise to ensure the continuity of the company’s success. “
“Natasha has a proven track record of operational experience. On behalf of the controller, I welcome Natasha to the board of directors of lundin Mining and discuss her concepts and contributions,” added Mr. Peter Rockandel, President and Chief Executive Officer. (“CEO”)”. I am also very pleased to announce the appointment of 4 notable leaders to our control team. Their extensive experience and proven leadership will be invaluable additions, and I look forward to continuing to work with them as we continue to expand Lundin Mining into a world-class base steel producer. “I need to thank Jinhee and Peter for their many contributions to Lundin Mining.
Ms. Vaz is currently Executive Vice President (“EVP”) and Chief Operating Officer who leads Agnico Eagle Mines’ operations and assignment progression groups for Ontario, Australia and Mexico. Prior to her appointment, she held increasingly senior leadership positions at Kirkland Lake Gold, adding Chief Operating Officer, Senior Vice President, Technical Services and Innovation, Vice President (“Vice President”), Technical Services. Earlier in her career, Natasha served as Vice President of Technical Services for Tahoe Resources and held a 10-year position at Lake Shore Gold in various technical and operational service positions. Natasha is the current chair of the board of directors of the Ontario Mining Association.
Senior Management Appointments
Mr. Morel will join lundin Mining’s control team as SVP and COO on August 1, 2022, when Mr. Peter Richardson, the Company’s current SVP and COO, will leave the Company. Juan Andrés is a mining executive with an exceptional record track record with more than 30 years in the industry. He held leadership positions in operations and assignment progression before assuming leadership positions. Most recently, Juan Andrés was General Manager of Mining Operations for BHP’s Escondida operation in Chile, currently the world’s largest copper mine at . From 2005 to 2017, Juan Andrés held increasingly important control positions at Antofagasta Minerals, and joined Director of Operations at Los Pelambres, Executive Director of the International Office of Antofagasta, General Manager of Operation El Tesoro and Head of Technical Services. Earlier in his career, Juan Andrés spent seven years at CODELCO in Chile as Strategy Director of El Teniente Division, Director of Corporate Operational Excellence ence and Head of Open Pit Mine Planning, among other functions.
Mr. Poulsen will join Lundin Mining as SVP and CFO on September 1, 2022, transitioning from Ms. Jinhee Magie, SVP and existing CFO of the Company, who will leave the Company in September 2022. Teitur brings more than 20 years of monetary experience. He signed up for Lundin Energy, following its acquisition through Aker BP for approximately $14 billion in commercial price at the time of the announcement, where he was lead cfO since 2017 and prior to that, vice president of corporate plans and investor relations. Teitur was Chief Financial Officer of Aker BP (formerly Det norske) from 2010 to 2012, and earlier in his career held increasingly important financial positions.
Mr. David Dicaire will join Lundin Mining on August 1, 2022 as Senior Vice President of the Josemaría Project and will have overall responsibility for all assignment-related issues, from the design and initial paintings recently underway, to the structure and, in all likelihood, the operation. Dave has over 40 years of mining, engineering and structure experience gained in a variety of global assignments leading homeowners and EPCM teams. His experience covers all aspects of assignment control for all types of mining assignments ranging from studio control to giant EPC/EPCM assignments. Dave’s previous positions include Vice President of Projects at Lundin Gold, where he oversaw the structure of Fruta Del Norte’s allocation in Ecuador and, prior to that, Project Manager at Freeport-McMoRan for Cerro Verde’s successful multi-allocation of billion dollars expansion in Peru. Prior to moving to Freeport McMoRan, he was General Manager of Project Development for South America for Xstrata Copper founded in Sa Santiago, Chile.
Ms. Kristen Mariuzza, former Vice President of Environment and Social Performance at Lundin Mining, has been named Senior Vice President of Sustainability, Health and Safety, elevating Kristen’s role and sustainability to the executive level. Kristen has over 15 years of experience in the mining industry with over 20 years in environmental regulation, leasing and projects. She effectively led Lundin Mining’s Eagle mine as General Manager for several years before being named the company’s Vice President of Environmental and Social Performance in 2020. Kristen joined Lundin Mining in 2013 with the acquisition of Rio Tinto’s Eagle mine, and has held leadership positions in operations, environment and permitting, and fitness and safety.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining corporation with operations and projects in Argentina, Brazil, Chile, Portugal, Sweden and the United States of America, generating copper, zinc, gold and nickel.
The data contained in this press release is subject to Lundin Mining’s disclosure needs under the EU Market Abuse Regulation. Eastern time.
Caution Regarding Forward-Looking Information Some of the statements made and data contained in this document constitute “forward-looking data” within the meaning of applicable Canadian securities laws. All statements other than forward-looking statements of fact included in this document constitute forward-looking information, including, without limitation, statements regarding the Company’s business plans, clients and strategies; the Company’s direction on the timing and amount of long-term production and its expectations related to operating effects; expected costs; permit requirements and deadlines; the timing and conceivable end results of pending litigation; the effects of any initial economic evaluation, feasibility studies or mineral resource and mineral reserve estimates, life of mine estimates and mine and mine closure plans; expected steel market prices, exchange rates and interest rates; devise and implement the Company’s guilty mining control system; the Company’s ability to meet contractual and authorization or other regulatory needs; exploration and progression activities planned for the Company’s projects; the integration of acquisitions throughout the Company and any benefits expected therefrom; and expectations related to other economic, commercial and/or competitive factors. Words like “believe”, “expect”, “anticipate”, “contemplate”, “target”, “plan”, “aim”, “aim”, “intend”, “continue”, “budget”, “estimate”, “may”, “will”, “may”, “could”, “should”, “schedule” and similar expressions identify forward-looking statements.
Forward-looking data is necessarily based on various estimates and assumptions, including, but not limited to, control expectations and beliefs, including that the Company is able to access financing, adequate equipment and sufficient work; assumed and long-term values of copper, nickel, zinc, gold and other steels; expected costs; ability to achieve goals; the immediate and effective integration of acquisitions; that the political environment in which the Company operates will continue to help the progress and operation of mining projects; and assumptions related to the items set forth below. While those points and assumptions are considered reasonable throughout Lundin Mining as of the date hereof based on control experience and knowledge of existing conditions and expected progressions, such statements are inherently subject to significant business uncertainties and contingencies. , economic and competitive. . Known and unknown facts may also cause actual effects to differ slightly from those projected in forward-looking statements and undue reliance is warranted not being placed on such statements and data. These items include, but are not limited to: hazards inherent to mining, as well as environmental hazards, commercial accidents, catastrophic appliance disasters, unusual or unexpected geological formations or volatile ground situations, and natural phenomena such as earthquakes, floods, or weather. extraordinarily serious; uninsurable perils; global monetary situations and inflation; adjustments in the percentage value of the Company and volatility in the inventory markets in general; volatility and fluctuations in demand and value of steel and raw materials; conversion of tax regimes; delays or inability to obtain, maintain or comply with entry permits; dependency on an unmarried asset; available or inaccessible infrastructure, infrastructure problems, and hazards similar to aging infrastructure; hazards related to negative exposure to the Company or the mining industry in general; fitness and protection hazards; pricing and availability of key materials and services; the relevant risk with outbreaks of viruses and infectious diseases, adding the COVID-19 virus; exchange rate fluctuations; dangers related to the attraction and retention of highly skilled workers; dangers inherent and/or relevant to operating in foreign countries and emerging markets; climate change; regulatory investigations, law enforcement, sanctions and/or similar or other litigation; lifestyles of significant shareholders; doubtful political and economic environment, specifically in Argentina, Brazil and Chile; dangers related to acquisitions and similar integration efforts, adding the ability to obtain expected benefits, unforeseen difficulties or similar expenses to the integration and deviation from the control time in the integration; indebtedness; liquidity hazards and limited monetary resources; investment desires and investment availability; effects of exploration, progression or operation that do not meet the expectations of the Company; hazards related to environmental regulation and the environment have an effect on the Company’s activities and products and their control; activist shareholders and proxy solicitation issues; the use of a key body of workers and information and monitoring systems, as well as third parties and experts in foreign jurisdictions; past environmental liabilities and ongoing reclamation legal responsibilities; data generation and cybersecurity dangers; hazards similar to mine closure activities, legal reclamation responsibilities, and closed and historic sites; social and political unrest, adding civil unrest in Chile; the ability to compete well in the industry; monetary projections, aggregating estimates of long-term expenditures and monetary costs, and long-term production estimates may not be reliable; recoveries of actual mined ore and/or steel that vary from estimates of mineral resources and mineral reserves, grade, tonnage, dilution, mine plans and steel and other characteristics; mineral processing efficiency; hazards relevant to the estimation of mineral resources and mineral reserves and the geology, grade and continuity of mineral deposits, including, but not limited to, models related thereto; enforce legal rights in foreign jurisdictions; network and stakeholder opposition; adjustments in laws, regulations or policies, adding but not limited to those similar to mining regimes, permits and approvals, environmental and tailings control, hard work, industrial relations and transportation; hazards related to the structural capacity of waste rock piles or tailings storage facilities; dilution; dividend dangers; conflicts of interest; counterparty and credit risks and concentration of visitors; estimate the use values of the assets; name disputes or defects; internal controls; relations with workers and contractors, and the choice and effects of labor disputes or other unforeseen difficulties or shortages of hard work or interruptions in production; compliance with foreign laws; the prospect of reports of fraud and corruption involving the Company, its visitors, suppliers or workers, or the report of improper or discriminatory labor practices, or human rights abuses; compliance with environmental standards and laws, suitability and protection; and other risks and uncertainties, in addition to, but not limited to, those described in the “Risks and Uncertainties” segment of the Company’s Annual Information Form and the “Risk Management” segment of the Company’s MD&A for the year ended 31 December 2021, which can be found on SEDAR at www. sedar. com under the Company’s profile. All forward-looking statements made in this document are qualified by those cautionary statements. Although the Company has attempted to identify vital points that may also cause the actual effects to differ slightly from those contained in the forward-looking data, there may be other points that cause the effects not to be as expected, estimated, forecast or anticipated and users are cautioned. readers that the above list is not exhaustive of all the points and assumptions that could possibly have been used. In the event that one or more of these hazards and uncertainties are covered, or the underlying assumptions prove incorrect, the actual effects are likely to differ greatly from those described in the forward-looking data. Accordingly, there can be no guarantee that forward-looking data will prove to be accurate and forward-looking data does not guarantee long-term performance. Readers are cautioned not to place undue reliance on prospective data. The forward-looking data contained in this document speaks only as of the date of this document. The Company disclaims any purpose or legal responsibility to update or revise forward-looking data or to account for any difference between those actual occasions and future occasions, unless required by applicable law.
SOURCE Lundin Mining Corp.