The Globe and Mail reports in its Tuesday edition that Ventum Capital Markets analyst Maximilian Myers believes Lundin Mining's $84-million (U.S.) sale of its Eagle mine and Humboldt mill to Talon Metals "sharpens [its] focus on its larger-scale copper operations and the advancement of the Vicuna district." The Globe's David Leeder writes in the Eye On Equities column that Mr. Myers sees the deal, which was announced after the bell on Thursday and led to notable share price gains, as "an accretive outcome" for both companies. Mr. Myers says it allows Lundin to further streamline its portfolio. While he does not currently cover Talon, Mr. Myers raised his share target for Lundin to $32 from $25 with an unchanged "buy" recommendation to also reflect its "stable third quarter operating performance, ongoing balance sheet deleveraging, and strong copper prices ahead of the Vicuna capex cycle." Analysts on average target the shares at $25.83. Mr. Myers says in a note: "Costs are also forecast to remain largely within guidance, while Chapada is forecast to beat thanks to strong gold by-product credits. The divestment of Eagle will be reflected in our estimates upon closing of the transaction, expected in January, 2026."
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