Lumina Gold Corp V.LUM

Alternate Symbol(s): LMGDF

Metals & Mining Gold

Lumina Gold Corp. is a Canada-based precious and base metals exploration and development company. The Company is engaged in the acquisition, exploration, and development of mineral resources in Ecuador. It is focused on Cangrejos Gold-Copper Project, which is located in the foothills of the Andes in the southwest of Ecuador and lies 30 kilometers (km) southeast of Machala, the capital of El Oro Province, and 150 km south of Guayaquil, Ecuador’s largest city. The Cangrejos Project was the discovery of gold-copper mineralization in a porphyry environment. The Company has approximately six contiguous mineral concessions located near Machala in southwest Ecuador, which covers a land area of approximately 5,682 hectares. The Company owns or controls approximately 1,730 hectares of land / surface rights, which cover various locations with respect to the known and potential targets. The Company’s subsidiary is Odin Mining del Ecuador S.A.

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Lumina Gold Corp

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Post by Betteryear2on May 16, 2023 9:05pm

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Post# 35451514

Lumina Gold Announces US$300M Metals Streaming Agreement

VANCOUVER, BC, May 16, 2023 /PRNewswire/ - Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the "Company" or "Lumina") is pleased to announce that it entered into a precious metals purchase agreement (the "Gold Stream") with Wheaton Precious Metals International Ltd., a wholly owned subsidiary of Wheaton Precious Metals Corp. ("Wheaton") in relation to its 100% owned Cangrejos gold-copper project located in El Oro Province, Ecuador (the "Project" or "Cangrejos") on May 16, 2023. The Gold Stream initially represents 6.6% of the payable gold produced from the Project in exchange for US$48 million of pre-construction funding (the "Early Deposit") and US$252 million of construction funding (the "Upfront Payment").

Lumina Gold Announces US$300 Million Metals Streaming Agreement with Wheaton Precious Metals (prnewswire.com)

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