Lundin Q1 earnings fall, operations performed well

Canadian base metals miner Lundin has reported lower earnings for the first quarter of 2023, with profit affected by higher operating costs as a result of inflationary impacts, lower metal prices and lower sales volumes.

Net earnings fell to $165.3-million, from $212.8-million in the prior-year comparable period, while adjusted earnings reduced to $125.7-million, from $295.6-million a year earlier.