Lumina Gold (TSE:LUM) has released an update.
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Lumina Gold Corp. has drawn an additional US$10.2 million from its US$300 million agreement with Wheaton Precious Metals, adapting the payment schedule due to pending terms with the Ecuadorian government. The company, focusing on the Cangrejos Gold-Copper Project in Ecuador, adjusts its US$15 million payment due, splitting it into a US$9 million immediate payment and US$6 million by December 2024 contingent on finalizing an exploitation contract.
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