Lundin Mining Corporation Sells 2,555 tonnes of Cobalt in Q1

Lundin Mining Corporation (TSX:LUN, OMX:LUMI) announced their first quarter results and highlights, including the closure of the of the acquisition of the Kokkola cobalt refinery.

As quoted in the press release:

During the current quarter, 2,540 tonnes of cobalt in hydroxide were produced and 2,555 tonnes were sold at an average realized price of $7.28/lb.

Lundin’s President and CEO, Paul Conibear, said:

We are also pleased to announce the closing of the acquisition of the Kokkola cobalt refinery during the quarter. The acquisition will enable immediate entry and value-added vertical integration to the refined cobalt market and will help maximize the value of the cobalt resources at Tenke.

To view the whole press release, click here.