What next for zinc after last year's price rally?
Zinc is now around US$2,560 per tonne and was one of the top performing commodities in 2016
Company
TSE:LUN
Lundin Mining Corporation is a rapidly growing, diversified base metals mining company with operations in Portugal, Spain, Sweden and Ireland. The Company currently has six mines in operation producing copper, nickel, lead and zinc ( Neves-Corvo and Aljustrel in Portugal, Zinkgruvan and Storliden in Sweden, Galmoy in Ireland and Aguablanca in Spain). In addition, Lundin Mining holds a development project pipeline which includes the Tenke Fungurume copper/cobalt project in the Democratic Republic of Congo and the Ozernoe zinc project in Russia as well as major expansion programs at its Neves-Corvo and Zinkgruvan mines. The Company also holds an extensive exploration portfolio and interests in international mining and exploration ventures.
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Zinc is now around US$2,560 per tonne and was one of the top performing commodities in 2016
Sterling weakness is magnifying the effects of a resurgent commodities market to the point that even with gold on the slide, Randgold was one of the top five FTSE 100 stocks.
Dundee Capital Markets rates Lundin Mining Corp a 'buy'...
Ireland’s mining scene is still humming, especially in zinc and gold.