First Quantum Earn-in

  • On October 26, 2017 Lumina Gold announced a non-binding earn-in agreement with First Quantum
    • Working to complete a definitive agreement by the end of 2017
    • US$38.5M between 2018 and 2023
      • US$31.5M to be put into Cascas and Orquideas over the five years
      • US$7M of staged cash payments with the final payment in 2023
    • First Quantum can accelerate the work and payments at their election
  • Post completion of the spending First Quantum will own 51%
    • Increases to 70% if First Quantum funds the project to a mining decision

for more detailed information please view news release NR:17-09 Oct 26, 2017

First Quantum Earn-in Concessions

Qualified Person

Leo Hathaway, P.Geo, a "qualified person" within the definition of that term in NI 43-101, has reviewed and approved the scientific and technical information contained on this page.