• Lundin Mining average return on tangible equity for 2023 was 5.38, a 60.06% decline from 2022.
• Lundin Mining average return on tangible equity for 2022 was 13.47, a 5.14% decline from 2021.
• Lundin Mining average return on tangible equity for 2021 was 14.2, a 512.07% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.