Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Lundin Gold sells silver stream from Ecuador mine to LunR Royalties for $670M, closing Q2 2026.

flag Lundin Gold has agreed to sell a life-of-mine silver stream from its Fruta del Norte mine in Ecuador to LunR Royalties for approximately $670 million, paid in about 50.5 million LunR shares. flag The deal, set to close in the second quarter of 2026, grants LunR 100% of payable silver until 12.2 million ounces, then 50% until 20 million ounces, and 7.5% thereafter, with payments at 10%, 20%, and 30% of the spot silver price. flag Lundin Gold will distribute the shares to its shareholders as a dividend-in-kind, with cash distributions in restricted jurisdictions. flag The transaction, effective March 1, 2026, allows Lundin to unlock value from silver, which contributes 1% to 2% of its revenue and is expected to yield 500,000 to 600,000 ounces in 2026. flag The mine also produced 475,000 to 525,000 ounces of gold in 2026.

4 Articles