VANCOUVER, BC, Oct. 2, 2023 /PRNewswire/ -- (TSX: LUN) (Nasdaq
Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining"
or the "Company") announced today the Company's Chief Executive
Officer, Peter Rockandel, has
informed the Board of Directors he will be stepping down as of
December 31, 2023.
The role of President and Chief Executive Officer will be
assumed by Jack Lundin, current
President and former Director of the Company. Jack Lundin will rejoin the Board of Directors
as of January 1, 2024. Jack has
served as President during the Company's acquisition of a majority
interest in the Caserones mine in Chile and the advancement of its portfolio of
growth projects.
Adam Lundin, Chair of Lundin
Mining's Board of Directors stated, "During the last two years,
under Peter's leadership, we have acquired a cornerstone asset in
Caserones and successfully moved our corporate headquarters to
Vancouver. We have improved
operational and financial performance and set the foundation for
future growth. None of this would have been possible without
Peter's tireless efforts. The Board deeply thanks him for his
contributions. Looking forward, we are positioned for the next
stage of significant future growth with a refreshed leadership team
in place, now is the opportune time for succession. Jack brings a
combination of strong technical and capital market experience, as
well as deep knowledge of our Company's history and key
stakeholders, to execute on our growth plans."
Mr. Rockandel joined Lundin Mining in 2018 and served as Senior
Vice President of Corporate Development and Investor Relations,
before being appointed CEO in 2021. Mr. Rockandel will
continue to act as an advisor to the Company but will step down
from the Board of Directors as of December
31, 2023.
Mr. Rockandel commented, "I would like to thank the Board of
Directors for the opportunity to lead Lundin Mining and I am
extremely proud of what the team has been able to accomplish. It
has been a pleasure working closely with Jack and I look forward to
seeing him and the team progress the strategy we have put in place.
Our assets are operating well, and we have been able to add
considerable growth to our production profile. The move to
Vancouver has been completed and
all senior executive positions are in place to take the Company
through the next phase of growth."
Prior to joining Lundin Mining, Jack
Lundin was involved with several different companies within
the Lundin Group. Most notably, at Lundin Gold he was involved in
the highly successful construction and operation of the Fruta del
Norte Gold Mine in southern
Ecuador. Jack holds a Bachelor of
Science degree in Business Administration from Chapman University and a Master of Engineering
degree in Mineral Resource Engineering from the University of Arizona. He currently sits on the
board of Bluestone Resources, Lundin Gold, the Lundin
Foundation, as well as the University of
Arizona's School of Mining and Mineral Resources.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining
company with operations and projects in Argentina, Brazil, Chile, Portugal, Sweden and the
United States of America, primarily producing copper, zinc,
gold and nickel.
The information in this release is subject to the disclosure
requirements of Lundin Mining under the EU Market Abuse Regulation.
The information was submitted for publication, through the agency
of the contact persons set out below on October 2, 2023, at 14:30
Pacific Time.
Stephen Williams, Vice President,
Investor Relations: +1 604 806 3074; Robert
Eriksson, Investor Relations Sweden: +46 8 440 54 50
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