Lundin Mining Reports Updated Share Capital and Voting Rights

As of October 31, 2025, Lundin Mining Corporation has seen an increase in its issued and outstanding shares, reaching 856,555,834 common shares with voting rights. This rise is attributed to the exercise of employee stock options and the vesting of employee share units. Notably, the company has not purchased any shares for cancellation under its Normal Course Issuer Bid program, instead focusing on allocating funds towards this program.

Key Takeaways:

• Lundin Mining has increased its issued and outstanding shares by 149,458 to 856,555,834 common shares with voting rights as of October 31, 2025.
• The growth in shares is a result of employee stock options and share units vesting during the period.
• The company has not acquired any shares for cancellation under its Normal Course Issuer Bid program.
• Lundin Mining has committed to allocating up to US$150 million annually for share buybacks through the NCIB program.
• So far in 2025, the company has acquired 12,629,000 common shares at a cost of approximately US$104 million.

Statistics:

• The number of issued and outstanding shares has increased by 149,458 by October 31, 2025.
• The total number of common shares with voting rights as of October 31, 2025 is 856,555,834.
• The company has acquired 12,629,000 common shares at a cost of approximately US$104 million in 2025.
• The total cost of share buybacks under the NCIB program in 2025 is approximately US$104 million.
• The remaining allocation for share buybacks under the NCIB program in 2025 is US$46 million.

Sources:

• TSX: LUN
• Nasdaq Stockholm: LUMI
• Lundin Mining Corporation
• Swedish Financial Instruments Trading Act
• Normal Course Issuer Bid program