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NEW YORK - Canadian mining company Lundin Mining Corp. said Friday its reserves of copper and zinc increased last year.

The company said total proven and probable reserves of copper increased to nearly 19.4 million metric tons from 18.9 million metric tons, and its total proven and probable reserves of zinc increased to 59.3 million metric tons from 36.8 million metric tons.

Besides copper and zinc, the company also mines for lead and nickel.

Lundin, which operates in Portugal, Sweden, Spain and Ireland, spent $38.9 million on exploration last year.

Shares closed down 13 cents to $6.93.