Lundin礦業（TSX：LUN）的收入增長18.7％，至第1季度2025年的9.639億美元

Lundin Mining（TSX：LUN）發布了2025年第一季度的收入，收入為9.63億美元，比第一季度2024年的8.123億美元增長了18.7％。

Lundin Mining (TSX:LUN) has reported its earnings for the first quarter of 2025. The company's revenue came in at $963.9 million, an 18.7% increase compared to Q1 2024's $812.3 million. This rise can be attributed to higher realized prices for copper ($4.63 per pound vs $4.20 per pound last year) and gold ($3,349 per ounce vs $2,400 per ounce last year), along with solid volumes from Candelaria and Caserones. Including discontinued operations, total revenue hit $1.14 billion, a jump from last year's $937.0 million.

Lundin Mining（TSX：LUN）報告了其2025年第一季度的收益。該公司的收入為9.639億美元，增長了18.7％，而第二季度2024年第1季度為8.123億美元。這種上升可以歸因於銅的更高實現的價格（每磅4.63美元，去年每磅4.20美元）和黃金（每盎司3,349美元，去年每盎司2,400美元），以及Candelaria和Caserones的穩定量。包括停產的運營，總收入達到11.4億美元，比去年的9.37億美元增長。

Gross profit from continuing operations showed a substantial 56.4% increase to $308.9 million, up from $197.5 million a year earlier. Discontinued operations also swung into profitability with a $69.9 million gross profit, contrasting with a $12.1 million loss in Q1 2024. However, no depreciation was recorded for the discontinued operations due to their held-for-sale classification.

持續運營中的毛利潤顯示出56.4％增加到3.089億美元，高於去年同期的1.75億美元。終止的運營也以6990萬美元的毛利潤轉為盈利能力，與第1季度2024年虧損為1,210萬美元。但是，由於其持有的銷售分類，未記錄終止運營的折舊。

Net earnings from continuing operations surged by 118% to reach $181.4 million, more than double Q1 2024's $83.0 million. In total, net earnings amounted to $138.1 million, showing a 260% increase from last year's $38.3 million. Adjusted earnings from continuing operations also saw a significant rise to $93.9 million, a 66.5% increment from $56.4 million.

持續運營的淨收益飆升了118％，達到了1.814億美元，超過雙Q1 2024年的8,300萬美元。總共淨收益總計1.381億美元，顯示與去年的3830萬美元增加了260％。持續運營的調整後收益也顯著上升到9390萬美元，從5640萬美元增長了66.5％。

Adjusted EBITDA from continuing operations reached $387.9 million, a 15% increase compared to last year's $338.5 million. Consolidated EBITDA came in at $450.8 million, up from last year's $362.9 million. Adjusted EPS from continuing operations climbed to $0.11, compared to $0.07 last year.

與去年的3.385億美元相比，持續運營的調整後的EBITDA達到3.879億美元，增長了15％。合併的EBITDA的收入為4.508億美元，高於去年的3.629億美元。調整後的每股收益從持續運營攀升至0.11美元，而去年為0.07美元。

Cash provided by operating activities from continuing operations showed a steep 47.3% decline to $122.3 million, contrasting with Q1 2024's $232.2 million. This decline was mainly driven by a massive $214.7 million negative change in working capital. The company highlighted shipment timing at Caserones and increased trade receivables at quarter-end as key contributors to this change.

持續運營的經營活動提供的現金顯示，急劇下降了47.3％，至1.223億美元，與第1季度2024年的2.322億美元形成鮮明對比。這種下降主要是由於營運資金的2.147億美元負變化所驅動。該公司強調了Caserones的貨運時間，並增加了四分之一末期的貿易應收銷售，這是這一變化的關鍵因素。

Free cash flow from continuing operations cratered to just $21.6 million, a 67.5% reduction compared to last year's $66.5 million. In total, free cash flow turned deeply negative with an outflow of $47.5 million, contrasting with an outflow of $1.7 million last year.

持續運營的自由現金流僅為2160萬美元，比去年的6650萬美元降低了67.5％。總共，自由現金流的流量為4,750萬美元，與去年的流出相反，其流出為4750萬美元。

As of March 31, 2025, net debt excluding lease liabilities stood at $1.44 billion, a significant increase compared to Q1 2024's $981.4 million. Including leases, net debt reached $1.70 billion, contrasting with last year's $1.24 billion.

截至2025年3月31日，不包括租賃負債的淨債務為14.4億美元，與第1季度2024年第1季度的9.814億美元相比，淨債務幅度顯著增加。包括租賃在內，淨債務達到17億美元，與去年的12.4億美元相反。

However, subsequent to quarter-end, Lundin used proceeds from its $1.4 billion sale of Neves-Corvo and Zinkgruvan to pay off a $1.15 billion term loan, reducing net debt excluding leases to approximately $279.6 million as of May 7, 2025.

但是，在四分之一末之後，隆丁在其14億美元出售Neves-Corvo和Zinkgruvan的收益中還清了11.15億美元的定期貸款，截至2025年5月7日，將淨債務降低到了約2.796億美元。

Cash and cash equivalents at quarter-end stood at $341.6 million, showing a decrease from last year's $365.5 million. The company also reclassified $1.44 billion of assets and $407.2 million of liabilities as “held for sale.”

四分之一末期的現金和現金當量為3.416億美元，顯示出與去年的3.655億美元相比下降。該公司還將14.4億美元的資產和4.072億美元的負債重新分類為“待售”。

Copper production from continuing operations came in at 76,774 tonnes, slightly lower than the 79,395 tonnes produced in Q1 2024. Gold output remained flat at 32,000 ounces. Nickel production, however, saw a sharp decrease to 2,296 tonnes from last year's 3,255 tonnes.

持續運營的銅產量為76,774噸，略低於第1季度2024年生產的79,395噸。黃金產量以32,000盎司的速度保持平坦。然而，與去年的3255噸相比，鎳產量急劇下降到2,296噸。

In terms of costs, Candelaria improved its cash cost to $1.75 per pound, compared to $1.89 per pound in the same period last year. Chapaa also reduced its cash cost to $1.47 per pound, down from $2.01 per pound.

在成本方面，坎德拉里亞的現金成本提高到每磅1.75美元，而去年同期為每磅1.89美元。 Chapaa還將現金成本降低到每磅1.47美元，低於每磅2.01美元。

On the other hand, Caserones' cost performance deteriorated with an increase to $2.52 per pound, up from $2.14 per pound, mainly due to higher contractor and maintenance expenses. Meanwhile, Eagle's nickel cash cost decreased

另一方面，Caserones的成本表現惡化，增加到每磅2.52美元，高於每磅2.14美元，這主要是由於承包商和維護費用更高。同時，鷹的鎳現金成本下降