Lundin Mining updates its share count and reports progress on buybacks

what happened

According to a press release distributed by PRNewswire on October 30, 2026, Canadian miner Lundin Mining, whose shares trade in Toronto and Stockholm, has updated its share capital data. The number of issued common shares with voting rights rose by 11,573 to 851,371,131. The increase stems from employee stock options being exercised and employee share units vesting.

Since October 1, the company has not bought back any shares for cancellation under its Normal Course Issuer Bid program. So far in 2026, however, it has acquired 6,098,494 common shares at an average cost of about C$35.70 each. The board has also approved an increase of up to $100 million to the buyback program for the rest of the year. Under its shareholder distribution policy, the company is committed to up to $150 million in annual buybacks.

why it matters

For the market this is a routine disclosure required under Swedish financial instruments rules. The expanded buyback, however, signals that the company keeps returning capital to shareholders. For Lundin Mining shares, copper price trends remain the key driver, since copper is central to the business.

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