About this episode
LunR Royalties (TSXV: LUNR) has announced a $670 million life-of-mine silver stream on Lundin Gold’s Fruta del Norte mine in Ecuador, a deal that delivers immediate precious metals cash flow to the recently listed royalty company. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference in Florida, CEO Adam Lundin described the structure as “a very elegant way to get cash flow into Lunar,” with approximately 50 million LunR shares issued to Lundin Gold for distribution to its shareholders.The stream provides exposure to more than 500,000 ounces of annual silver production, closely aligned with Lundin Gold’s roughly 500,000 ounces of gold output. The transaction increases LunR’s free float, introduces Newmont as a major shareholder with board representation, and positions the company within the underrepresented $1 billion to $10 billion royalty gap. A shareholder vote is required to complete the transaction as LunR scales into a cash-flowing precious metals platform.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.? Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/00:23 - $670M Silver Stream Deal Overview and Rationale00:43 - How the Share-Based Streaming Structure Works02:36 - Liquidity, Free Float and Newmont as Shareholder03:57 - Why Build a Royalty Company Now04:52 - Scaling LunR Into the $1B–$10B Royalty Gap05:38 - Competing for Deals in a Crowded Royalty Market06:33 - Vicuna PEA Results and Phase One Economics07:36 - Large Silver Stream Deals and Vicuna Potential08:46 - Faraday Copper Deal With BHP Explained09:48 - Copper Market Outlook at $6 Per Pound10:53 - What’s Next for LunR Royalties__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.
