Lundin Gold Reports Purchase of the Existing Gold Prepay and Stream Facilities and Related Offtake by Newcrest
April 29, 2020 (Vancouver, Canada) /CNW/ Lundin Gold Inc. ("Lundin Gold" or the "Company") (TSX: LUG, Nasdaq Stockholm: LUG) announced today that Newcrest Mining Limited (“Newcrest”) has acquired the project financing package provided to Lundin Gold’s Fruta del Norte mine (“Fruta del Norte”) in Ecuador by Orion Mine Finance Group (“Orion”) and funds managed by Blackstone Tactical Opportunities (“Blackstone”). The Orion and Blackstone project financing package, which was put in place in 2017, is comprised of a gold prepay credit facility for $150 million, a stream loan credit facility of