Lundin Mining Releases 2011 Guidance

Lundin Mining (TSX:LUN) released guidance for 2011.

The press release is quoted as saying:

Capital investment is expected to increase to $290 million, up from an estimated $185 million for 2010 and this increase reflects: expansion of production capacity in our European operations; commencement of the development of the Lombador mine; and provision for the commencement of expansion at Tenke, though no decisions have been made on that yet by the mine operator,” Mr. Wright said.

Phil Wright, President and CEO of the Company, says:

“We expect higher copper, zinc and lead production in 2011 compared to 2010 at all of the mines for which guidance has been provided.”

To access the full release, click here.