Lundin Mining Kicks Off Production at Eagle Mine

Toronto based Lundin Mining (TSX:LUN) has commenced production at its $400 million Eagle nickel-copper mine in Michigan.

“We are extremely proud of the tremendous achievement that has been accomplished at the Eagle mine. The Eagle mine is a significant new, high-quality, low-cost mine, that has been constructed to the highest of safety, environmental and social responsibility standards,” president and CEO Paul Conibear said.

The mine is expected to ship its first saleable copper and nickel concentrates during the first half of October 2014, reaching full design rates in the second quarter of 2015.

The first three years of operations will see production at the Eagle Mine average roughly 23,000 tons of nickel per year and 20,000 tons of copper per year.

As the company’s only US mine, the construction activities are now substantially complete, being delivered ahead of schedule and on budget.

“Our team has done an exemplary job in bringing the mine into production, and we look forward to the operation becoming a significant cash flow generator for the Company and a significant contributor to the local and regional economy,” Conibear added.