China's CMOC Group Acquires Lumina Gold For $420 Million - Lumina Gold (OTC:LMGDF)

China's CMOC Group Acquires Lumina Gold For $420 Million - Lumina Gold (OTC:LMGDF)

Chinese CMOC Group, the world's largest producer of cobalt, has announced an all-cash acquisition of Canadian development-stage mining company Lumina Gold Corp (OTCQB:LMGDF), valued at C$581 million (around $420 million). Upon acquisition, CMOC will gain control over the Cangarejos gold-copper project, one of the world's largest undeveloped gold assets located in southwest Ecuador. "After advancing the Cangrejos project for over ten years and ta…

China's CMOC Agrees to Buy Canada's Lumina Gold for $420 Million

(Bloomberg) — CMOC Group, a leading Chinese cobalt and copper miner, agreed to buy Canada’s Lumina Gold Corp. for about C$581 million ($420 million) to tap the largest primary gold deposit in Ecuador.

China’s CMOC Agrees to Buy Canada’s Lumina Gold for $420 Million

CMOC Group, a leading Chinese cobalt and copper miner, agreed to buy Canada’s Lumina Gold Corp. for about C$581 million ($420 million) to tap the largest primary gold deposit in Ecuador.

Ross Beaty-backed Lumina Gold agrees to $581-million acquisition by China’s CMOC

CMOC Singapore Pte. Ltd. is offering to pay $1.27 a share in cash to Lumina shareholders, which is a 41-per-cent premium to the stock’s closing price on April 18

Lumina Gold Announces Acquisition by CMOC for C$581 Million - PressReach

VANCOUVER, BC, April 21, 2025 /CNW/ – Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the “Company” or “Lumina”) and CMOC Singapore Pte. Ltd., a Singapore entity and a subsidiary of CMOC Group Limited (collectively “CMOC”), both of which are arm’s length to the Company, are pleased to announce that they have entered into an arrangement agreement (the “Arrangement Agreement”), pursuant to which CMOC will acquire all of the issued and outstanding co…

CMOC to acquire Lumina Gold in $419m all-cash deal

CMOC Singapore will acquire Canadian miner Lumina Gold for a total equity value of approximately C$581m ($419.3m).The post CMOC to acquire Lumina Gold in $419m all-cash deal appeared first on Mining Technology.