LunR Royalties Secures $670M Silver Stream on Fruta del Norte | Adam Lundin
LunR Royalties (TSXV: LUNR) has announced a $670 million life-of-mine silver stream on Lundin Gold’s Fruta del Norte mine in Ecuador, a deal that delivers immediate precious metals cash flow to the recently listed royalty company. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference in Florida, CEO Adam Lundin described the structure as “a very elegant way to get cash flow into Lunar,” with approximately 50 million LunR shares issued to Lundin Gold for distribution to its shareholders.
The stream provides exposure to more than 500,000 ounces of…
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