(RTTNews) – Lundin Mining Corporation (LUN.TO) said its second-quarter revenue is expected to benefit from about $79 million on a pre-tax basis from provisional pricing adjustments on prior-period concentrate sales, primarily reflecting higher prices for previously sold copper and molybdenum.
The company also expects to report realized losses of about $12 million on gold collar contracts during the quarter.
In addition, Lundin expects a non-cash gain of about $31 million from the revaluation of its gold collar contracts, driven by a decline in the gold forward curve. While the gain will increase reported earnings, it will not affect adjusted EBITDA or adjusted earnings.
Lundin Mining is scheduled to release its second-quarter operational and financial results on August 5.
On the Toronto Stock Exchange, Lundin Mining shares closed down 2.55% at C$33.59 on Thursday.
