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CMOC to buy Lumina for C$581M

C$48/oz of PFS production

Paul Harris
View over Cangrejos towards Gran Bestia

View over Cangrejos towards Gran Bestia | Credits: Paul Harris

CMOC Singapore has agreed to buy Ecuador's gold-copper developer Lumina Gold for C$581 million in cash, fully diluted, at a 71% premium. Lumina shareholders, including 27.8% holder Ross Beaty, representing...

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