Lumina Gold Corp (TSX-V:LUM, OTCQX:LMGDF) said it has successfully drawn down a total of US$16.7 million under its US$300 million precious metals purchase agreement (PMPA) with Wheaton Precious Metals International Ltd., a wholly owned subsidiary of #WheatonPreciousMetals Corp (LSE:WPM, TSX:WPM, NYSE:WPM). The draw, comprising two tranches, marks a significant milestone in Lumina's strategic financing and project development. The first tranche, totaling US$10 million, was disbursed six months after the initial draw in May 2023. Additionally, US$6.7 million from the draw is earmarked for specific pre-construction acquisition transactions. Earlier this year, Lumina completed a pre-feasibility study for Cangrejos, the largest primary gold deposit in Ecuador. More at #Proactive #ProactiveInvestors #TSXV #OTCQX #LUM #LMGDF http://ow.ly/k1731053OTj
