Lundin Gold free of debt with $330 million repayment to Newmont
Lundin is buying out the remaining stream credit facility and offtake agreement for its 100% owned Fruta del Norte mine.
Lundin is buying out the remaining stream credit facility and offtake agreement for its 100% owned Fruta del Norte mine.
Mining at the SLN unit has now been suspended since mid-April.
The company is pursuing a multiphase program at the 260-sq.-km Marathon property in Ontario.
The filing of a resource estimate in November qualified Power Nickel for 30% more in the project to conclude the earn-in agreement.
Gold output hit 45,937 ounces in Q1, up from 39,730 ounces from last year, with a small initial contribution from Mara Rosa, in Brazil.
The commissioning of the mine is expected in Q4 2024.
Copper prices have recently been bolstered by expectations of tight supplies and optimism about demand prospects from energy transition.
They are among 30 companies from 12 countries that presented plans to develop lithium extraction technology in Chile’s salt flats.
Proceeds will go towards the Diablillos project in Argentina, which recently advanced to the pre-feasibility stage.
United Mining Projects Corporation, through Marhen Lithium, wants to develop the Rio Grande Sur lithium brine salar project in Catamarca.