Business
Lundin Gold is Debt Free Following Closing of Stream Facility and Offtake Buy Out
VANCOUVER, BC, June 27, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to
About this update from Lundin Gold Inc.
[{"type":"text","content":" VANCOUVER, BC, June 27, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) (\"Lundin Gold\" or the \"Company\") is pleased to announce the closing of the buy out of the stream credit facility (the \"Stream Facility\") and offtake agreement (the \"Offtake\") for its Fruta del Norte gold mine (\"FDN\") in Ecuador from Newmont Corporation, following the payment of the first tranche of the purchase price of US$180 million. The second and final tranche of US$150 million is due on or before the end of the third quarter of 2024. The Stream Facility and Offtake were the last two remaining facilities established as part of a project financing package to fund the development and construction of FDN. About Lundin Gold Lundin Gold, headquartered in Vancouver, Canada, is committed to positive and long-lasting impact on our host communities, while delivering significant value to stakeholders through operational excellence, cash flow generation and focused growth. Lundin Gold currently operates its 100% owned Fruta del Norte (\"FDN\") gold mine in southeast Ecuador, which is one of the highest-grade gold mines in production in the world today. The Company also owns a portfolio of prospective exploration properties close to FDN. Additional Information The information in this release is subject to the disclosure requirements of Lundin Gold under the EU Market Abuse Regulation. This information was publicly communicated on June 27, 2024 at 2:00 p.m. Pacific Time through the contact persons set out below. Caution Regarding Forward-Looking Information and Statements Certain of the information and statements in this press release are considered \"forward-looking information\" or \"forward-looking statements\" as those terms are defined under Canadian securities laws (collectively referred to as \"forward-looking statements\"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as \"believes\", \"anticipates\", \"expects\", \"is expected\", \"scheduled\", \"estimates\", \"pending\", \"intends\", \"plans\", \"forecasts\", \"targets\", or \"hopes\", or variations of such words and phrases or statements that cer...