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Lundin Mining Corporation: Lundin Mining Announces Updated Share Capital and Provides Update on Share Buybacks
VANCOUVER, B.C., August 31, 2026 /CNW/ - (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act.
The number of issued and outstanding shares of the Company has increased by 44,794 to 851,337,385 common shares with voting rights as of August 31, 2026. The increase in the number of issued and outstanding shares from July 31, 2026 to date is a result of the exercise of employee stock options or the vesting of employee share units. During this period, the Company did not purchase any shares for cancelation under its Normal Course Issuer Bid program ("NCIB").
Normal Course Issuer Bid
Under the Company's shareholder distribution policy, the Company is committed to allocating up to US$150 million in annual share buybacks through the NCIB program. The Company's Board of Directors has also approved an increase of up to US$100 million to the share repurchase program for the remainder of 2026. So far during 2026, Lundin Mining has acquired 6,098,494 common shares at an average cost of approximately C$35.70/share.
The information in this release pertaining to the updated share capital and voting rights is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out below on August 31, 2026 at 4:00 pm Pacific Time.