Lundin Mining

VANCOUVER, BC, Dec. 31, 2025 /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 decreased by 1,399,950 to 854,347,591 common shares with voting rights as of December 31, 2025. The decrease in the number of issued and outstanding shares from November 30, 2025 to date is the result of share buybacks completed under the normal course issuer bid (“NCIB”), offset by the exercise of employee stock options or the vesting of employee share units.

Normal Course Issuer Bid

The Company is committed to delivering shareholder returns through a balanced approach of dividends and share buybacks. In 2025, Lundin Mining acquired 15,088,180 common shares at a cost of approximately US$150 million, completing its targeted annual allocation of approximately US$150 million in annual share buybacks through its NCIB program.

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