The Supreme Court of Canada has allowed a securities class action against Lundin Mining Corp. to proceed, related to a 2017 incident at its Candelaria Mine in Chile. The case involves the timing of disclosure regarding a pit wall instability and rockslide. The certified class action will now go before the Ontario Superior Court of Justice, with Lundin Mining planning to vigorously defend against the allegations. The debate centers on whether the incident constituted a “material fact” that should have been disclosed earlier, under the Ontario Securities Act. Lundin originally disclosed the events in a 2017 operational update to investors.

Read more at Nasdaq: Supreme Court Of Canada Upholds Class Action Against Lundin Mining