Mining activity is set to recommence in Latin American mining hubs Mexico and Ecuador following a relaxation of extensive operational shutdown orders to prevent the spread of COVID-19. In Mexico, the government had previously ruled mining a non-essential business on March 31 and suspended activities until...
Australia’s Newcrest Mining plans to increase its exposure to rising gold prices by raising US$655 million to acquire financing facilities for Lundin Gold’s Fruta del Norte gold mine in Ecuador. Australia’s biggest listed gold producer announced the institutional placement at the same time as it reported...
Lundin Gold (TSX:LUG) has announced a finance package of US$400-450 million for the development of the landmark Fruta del Norte project in Ecuador. The projects financing deal was agreed with private equity groups Orion Mine Finance Group and Blackstone Tactical Opportunities, and is comprised of a...
Lundin Gold (TSX:LUG) has signed an agreement with the Ecuadorian Government to progress its Fruta del Norte gold mine. The two partners inked an exploitation agreement to validate Lundin’s plans to build an underground mine and a processing facility at the site in Zamora Chincipe. The agreement...