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Lupaka Gold ( (TSE:LPK) ) has issued an announcement.
Lupaka Gold Corp. announced a favorable outcome in its arbitration against the Republic of Peru, with the tribunal awarding the company approximately US$60 million for violations of the Free Trade Agreement related to the Invicta Gold Project. This award includes compensation and reimbursement of arbitration costs, though the company notes that actual recovery of funds may face delays. The decision marks a significant step in Lupaka’s legal proceedings, potentially impacting its financial standing and stakeholder interests. The company is consulting with legal counsel on the next steps and plans to prioritize payments to its funding partner, Benchwalk LP, upon receipt of funds.
More about Lupaka Gold
Lupaka Gold is a Canadian-based company focused on creating shareholder value through the identification and development of mining assets.
Average Trading Volume: 15,935
Technical Sentiment Signal: Buy
Current Market Cap: C$1.65M
For a thorough assessment of LPK stock, go to TipRanks’ Stock Analysis page.