Consequently, 2004 was the first year the company recorded attributable mineral production, with over 150,000 tonnes of zinc, 2 million ounces of silver, along with lead and copper, being produced.

[5] The company attempted, but failed, a friendly merger with Hudbay Minerals which at the time owned 20% of Lundin Mining.

[8] With the failed mergers, Lundin conducted a strategic review of its assets and operations and ended up replacing its CEO with Paul Conibear.

[12] However, the company was pushed into selling its interest in the Tenke Fungurume Mine, for $1.5 billion, to BHR Partners as part of a larger deal between Freeport-McMoRan and China Molybdenum[13] and then its stake in Kokkola cobalt refinery as its joint venture partner Freeport-McMoRan agreed to sell it to Umicore.

CEO Paul Conibear was reportedly not in favour of the takeover attempt and opted to retire, being replaced by Marie Inkster.

[17] In 2022, Lundin Mining acquired TSX-listed Josemaria Resources, in a stock and cash deal, which was pursuing development of a copper-gold-silver deposit in San Juan Province, Argentina.

BHP and Lundin Mining have also agreed to form a 50/50 joint venture to hold the Filo del Sol (FDS) and Josemaria projects.