Lundin Gold to Buy Out 100% of Stream Facility to Become Debt Free
VANCOUVER, 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. Ron Hochstein, President and CEO commented, “I’m very pleased to announce