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Mining veteran buys Lundin stock after profits rise

Today, we visit the integrated mining area where a director of Lundin Mining Corp. has been buying. On February 25, Peter Jones bought 19,270 shares at $5.18. Mr. Jones is a former interim CEO of IAMGold, and a former CEO of Hudson Bay Mining & Smelting. In January, an investment company controlled by a trust settled by the late Adolf H. Lundin bought 2.7 million shares at $5.05 (not shown on chart). For 2013, Lundin Mining reported an 11-per-cent rise in net income to $136.7-million (U.S.).

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.

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