Canada: Lundin Mining shares fall after large sinkhole develops near Chile mine

Source: Financial Post [Canada]

“Shares of Toronto-based Lundin Mining Corp. slumped to their lowest value in a year Tuesday morning after a large sinkhole with a diameter of about 32 meters was discovered near its Chilean copper mine over the weekend, forcing the company to suspend development work in an area of the mine. The sinkhole, which was first detected on July 30 near the Alcaparrosa mine, remains stable, company spokesman Mark Turner said, and hasn’t affected the company’s workers or infrastructure. It isn’t likely to affect the company’s production either. He added that Lundin was ‘conducting a technical analysis and gathering information to determine the cause of the event.’ Chilean authorities are also investigating the sinkhole.” (08/03/22)