PROJECT FINANCE

Lumina gets US$300M Wheaton gold stream

Lumina Gold has entered into a US$300 million gold streaming deal with Wheaton Precious Metals for its Cangrejos gold-copper project in El Oro, Ecuador.

Lumina Gold's Cangrejos in Ecuador

Lumina Gold's Cangrejos in Ecuador

The stream initially represents 6.6% of the payable gold produced until 700,000oz have been delivered, which will reduce to 4.4% of payable production. Wheaton will pay 18% of the spot price for the first...

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