Lundin Mining Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	290.3	357.48	268.79	191.39	594.07	141.45
Short-Term Investments	-	50.11	-	-	-	-
Cash & Short-Term Investments	290.3	407.58	268.79	191.39	594.07	141.45
Cash Growth	-16.97%	51.63%	40.45%	-67.78%	319.99%	-43.55%
Accounts Receivable	573.7	347.82	643.72	430.73	507.7	271.11
Other Receivables	112.1	134.93	170.79	164.08	154.65	125
Receivables	685.8	482.75	814.51	594.81	662.34	396.11
Inventory	607.8	590.69	599.41	296.71	227.38	254.04
Prepaid Expenses	34.6	42.62	48.9	53.77	25.97	25.86
Other Current Assets	29.8	1,413	59.54	82.09	16.82	20.46
Total Current Assets	1,648	2,937	1,791	1,219	1,527	837.93
Property, Plant & Equipment	7,026	6,209	7,679	5,955	5,051	5,126
Long-Term Investments	-	9.96	14.27	-	15.08	22.34
Goodwill	134.3	134.28	240.62	237.29	243.01	251.18
Other Intangible Assets	30.9	35.39	46.55	20.98	-	-
Long-Term Deferred Tax Assets	186	191.25	170.2	3.84	12.05	62.74
Other Long-Term Assets	1,006	889.64	919.8	737.22	789.29	758.67
Total Assets	10,031	10,407	10,861	8,173	7,637	7,058
Accounts Payable	284.9	297.69	393.83	315.95	199.55	126.04
Accrued Expenses	86.7	93.35	138.29	104.37	87.95	80.57
Short-Term Debt	-	-	-	-	-	100
Current Portion of Long-Term Debt	198.2	344.63	212.65	170.15	5.13	16.94
Current Portion of Leases	50.8	50.6	-	-	9.49	-
Current Income Taxes Payable	88.5	128.25	62.93	45	226.29	69.74
Current Unearned Revenue	62.2	60.6	87.87	74.06	76.2	80.83
Other Current Liabilities	317.7	736.57	314.48	240.62	182.93	113.26
Total Current Liabilities	1,089	1,712	1,210	950.15	787.54	587.39
Long-Term Debt	195.9	1,412	995.95	0.01	-	49.79
Long-Term Leases	182.7	198.58	277.21	27.17	16.39	36.31
Long-Term Unearned Revenue	412.8	447.13	535.36	580.05	617.27	658.73
Pension & Post-Retirement Benefits	-	0.77	6.75	5.61	8.15	11.22
Long-Term Deferred Tax Liabilities	643.3	643.85	751.69	709.6	738.92	701.1
Other Long-Term Liabilities	480.4	476.58	666.08	475.1	475.91	517.4
Total Liabilities	3,004	4,891	4,443	2,748	2,644	2,562
Common Stock	5,327	4,586	4,575	4,555	4,200	4,201
Additional Paid-In Capital	55.2	51.31	55.2	55.77	58.17	52.1
Retained Earnings	550.4	161.06	627.9	592.43	437.16	-98.23
Comprehensive Income & Other	-23.5	-375.84	-296.62	-342.29	-249.93	-177.22
Total Common Equity	5,909	4,422	4,961	4,861	4,445	3,978
Minority Interest	1,118	1,094	1,457	564.09	547.58	518.6
Shareholders' Equity	7,027	5,516	6,418	5,425	4,993	4,497
Total Liabilities & Equity	10,031	10,407	10,861	8,173	7,637	7,058
Total Debt	627.6	2,006	1,486	197.33	31	203.05
Net Cash (Debt)	-337.3	-1,589	-1,203	-5.94	563.07	-61.6
Net Cash Per Share	-0.40	-2.04	-1.56	-0.01	0.76	-0.08
Filing Date Shares Outstanding	856.56	867.78	774.12	770.99	735.84	736.25
Total Common Shares Outstanding	856.47	774.1	773.69	770.75	734.99	736.04
Working Capital	559.3	1,225	581.12	268.62	739.04	250.54
Book Value Per Share	6.90	5.71	6.41	6.31	6.05	5.40
Tangible Book Value	5,744	4,252	4,674	4,603	4,202	3,727
Tangible Book Value Per Share	6.71	5.49	6.04	5.97	5.72	5.06
Machinery	4,500	4,408	5,308	3,752	3,456	3,280
Construction In Progress	361.4	251.62	330.26	236.06	342.59	421.7

Source: S&P Global Market Intelligence. Standard template. Financial Sources.