The company produced 57,354 tonnes of copper, 33,365t of zinc, 34,000 ounces of gold and 5,354t of nickel in the quarter.

"Our operations performed well in the first quarter. Candelaria and Chapada significantly increased mill throughput quarter-over-quarter and a new record for zinc ore was set at Zinkgruvan. With increasing ore grades at Candelaria and Chapada, we are well positioned to deliver our annual guidance," said Lundin Mining president and CEO Marie Inkster.

The company ended the quarter with $181.3 million in cash and increased its quarterly dividend by 50% to 6c per share, or 24c on an annual basis.

Shares in Lundin Mining are trading at C$14.67, valuing the company at $10.8 billion.