Lundin矿业（TSX：LUN）的收入增长18.7％，至第1季度2025年的9.639亿美元

Lundin Mining（TSX：LUN）发布了2025年第一季度的收入，收入为9.63亿美元，比第一季度2024年的8.123亿美元增长了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）报告了其2025年第一季度的收益。该公司的收入为9.639亿美元，增长了18.7％，而第二季度2024年第1季度为8.123亿美元。这种上升可以归因于铜的更高实现的价格（每磅4.63美元，去年每磅4.20美元）和黄金（每盎司3,349美元，去年每盎司2,400美元），以及Candelaria和Caserones的稳定量。包括停产的运营，总收入达到11.4亿美元，比去年的9.37亿美元增长。

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.

持续运营中的毛利润显示出56.4％增加到3.089亿美元，高于去年同期的1.75亿美元。终止的运营也以6990万美元的毛利润转为盈利能力，与第1季度2024年亏损为1,210万美元。但是，由于其持有的销售分类，未记录终止运营的折旧。

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.

持续运营的净收益飙升了118％，达到了1.814亿美元，超过双Q1 2024年的8,300万美元。总共净收益总计1.381亿美元，显示与去年的3830万美元增加了260％。持续运营的调整后收益也显着上升到9390万美元，从5640万美元增长了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.

与去年的3.385亿美元相比，持续运营的调整后的EBITDA达到3.879亿美元，增长了15％。合并的EBITDA的收入为4.508亿美元，高于去年的3.629亿美元。调整后的每股收益从持续运营攀升至0.11美元，而去年为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.

持续运营的经营活动提供的现金显示，急剧下降了47.3％，至1.223亿美元，与第1季度2024年的2.322亿美元形成鲜明对比。这种下降主要是由于营运资金的2.147亿美元负变化所驱动。该公司强调了Caserones的货运时间，并增加了四分之一末期的贸易应收销售，这是这一变化的关键因素。

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.

持续运营的自由现金流仅为2160万美元，比去年的6650万美元降低了67.5％。总共，自由现金流的流量为4,750万美元，与去年的流出相反，其流出为4750万美元。

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，不包括租赁负债的净债务为14.4亿美元，与第1季度2024年第1季度的9.814亿美元相比，净债务幅度显着增加。包括租赁在内，净债务达到17亿美元，与去年的12.4亿美元相反。

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，在四分之一末之后，隆丁在其14亿美元出售Neves-Corvo和Zinkgruvan的收益中还清了11.15亿美元的定期贷款，截至2025年5月7日，将净债务降低到了约2.796亿美元。

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.”

四分之一末期的现金和现金当量为3.416亿美元，显示出与去年的3.655亿美元相比下降。该公司还将14.4亿美元的资产和4.072亿美元的负债重新分类为“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.

持续运营的铜产量为76,774吨，略低于第1季度2024年生产的79,395吨。黄金产量以32,000盎司的速度保持平坦。然而，与去年的3255吨相比，镍产量急剧下降到2,296吨。

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，坎德拉里亚的现金成本提高到每磅1.75美元，而去年同期为每磅1.89美元。 Chapaa还将现金成本降低到每磅1.47美元，低于每磅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的成本表现恶化，增加到每磅2.52美元，高于每磅2.14美元，这主要是由于承包商和维护费用更高。同时，鹰的镍现金成本下降