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Lundin Gold Inc T.LUG

Alternate Symbol(s):  LUGDF

Metals & Mining Gold
Lundin Gold Inc. is a Canada-based mining company. The Company owns the Fruta del Norte gold mine in southeast Ecuador and a large exploration land package that hosts the Fruta del Norte deposit at its northern edge. The deposit is hosted in the La Zarza concession, located in the 38 square kilometers (km2) Suarez Pull-Apart Basin. Fruta del Norte deposit is located within a 150 kilometers (km) long copper-gold metallogenic sub-province in the Cordillera del Condor region in southeastern Ecuador. It is comprised of seven concessions covering an area of approximately 5,566 hectares and is located approximately 140 kilometers (km) east-northeast of the City of Loja. Fruta del Norte deposit is an intermediate sulphidation epithermal gold-silver deposit measuring approximately 1,670 meters along strike, and 700 meters down dip. Its mineralogy consists of chalcedonic to crystalline quartz, manganese carbonates, calcite, adularia, barite, marcasite and pyrite.


TSX:LUG - Post by User

Lundin Gold Inc
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Post by Betteryear2on Apr 25, 2024 6:26pm
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Post# 36008245

LUNDIN GOLD TO BUY OUT 100% OF STREAM FACILITY

LUNDIN GOLD TO BUY OUT 100% OF STREAM FACILITYVANCOUVER, BC, April 25, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to announce that it has entered into an agreement with Newmont Corporation ("Newmont") to buy out 100% of the balance of the stream credit facility (the "Stream Facility") and offtake agreement (the "Offtake") for its 100% owned Fruta del Norte gold mine in Ecuador for total consideration of $330 million. All amounts are in U.S. dollars unless otherwise indicated. 

LUNDIN GOLD TO BUY OUT 100% OF STREAM FACILITY TO BECOME DEBT FREE (newswire.ca)
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