To: Box-By-The-Riviera™ who wrote (213788 ) 4/22/2025 12:02:21 AM From: TobagoJack Read Replies (1) | Respond to Te <<related shares..zero performance today bloomberg.com China’s CMOC Agrees to Buy Canada’s Lumina Gold for $420 Million Lumina Gold Corp. for about C$581 million ($420 million) to tap the largest primary gold deposit in Ecuador.CMOC will acquire all shares of Lumina Gold at C$1.27 a piece in an all-cash transaction, subject to approvals, the Vancouver-based company said in a statement. That represents a premium of around 40% to its closing price on April 17.Cangrejos gold project in El Oro province, southwest Ecuador. In 2023, the company completed a pre-feasibility study on the project. overtook Glencore Plc in 2023 as the world’s biggest cobalt producer and posted a record profit last year, boosted by higher copper prices. Gold has reached a series of all-time highs this year after US President Donald Trump kicked off a global trade war, lifting haven demand. restrictions on foreign investment in its mining sector, in a move widely seen as targeting China’s influence in the global critical minerals supply chain. CMOC sold a controlling stake in its Northparkes copper and gold mine in Australia in 2023, citing geopolitical concerns.
