Peter Stokes

Peter Stokes leads Lundin Mining as President and CEO, overseeing a Canadian diversified base metals mining company with operations across five countries. Lundin Mining's portfolio includes the Candelaria copper mine (Chile), Caserones copper mine (Chile, acquired for $4.9 billion in one of the largest recent mining M&A transactions), Chapada copper-gold mine (Brazil), Neves-Corvo zinc-copper mine (Portugal), Zinkgruvan zinc mine (Sweden), and the Eagle nickel mine (Michigan, USA). The company is part of the Lundin family's mining empire (the Swedish-Canadian Lundin family controls multiple resource companies). Lundin Mining has positioned itself as a copper-focused miner, with copper representing the majority of revenue — a strategic bet on the energy transition, which requires enormous quantities of copper for electric vehicles, renewable energy infrastructure, power grid expansion, and data centers. The Caserones acquisition was the most significant step in this copper-centric strategy. Lundin Mining benefits from geographic diversification across stable mining jurisdictions and a portfolio balanced between copper (growth metal), zinc, and gold (which provides counter-cyclical diversification). Key stock drivers include copper prices (the dominant factor), zinc and gold prices, production volumes and all-in sustaining costs, Caserones integration and ramp-up, exploration success, the pace of the energy transition driving structural copper demand, and mining jurisdiction regulatory environments.