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Lundin Mining has increased its credit facility commitments to $4.5 billion, up from an initial $2.25 billion. The facility will initially expand to $3.5 billion upon meeting specific conditions and reach the full amount with the approval of Stage 1 of the Vicuña Project.

The maturity date will be extended to 2031, with pricing remaining unchanged based on a sliding scale of 1.45% to 2.50% over adjusted SOFR, depending on the leverage ratio. The facility aims to enhance financial flexibility and support the company's goal of producing over 500,000 tonnes of copper annually. The finalized agreement will be filed on SEDAR+.