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Lundin Gold sells silver stream from Ecuador mine to LunR Royalties for $670M, closing Q2 2026.
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.
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.
Lundin Gold will distribute the shares to its shareholders as a dividend-in-kind, with cash distributions in restricted jurisdictions.
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.
The mine also produced 475,000 to 525,000 ounces of gold in 2026.
Lundin Gold vende el flujo de plata de la mina de Ecuador a LunR Royalties por 670 millones de dólares, cerrando el segundo trimestre de 2026.