Fruta del Norte Gold and Silver Mining Project $150 million financing

5/6/2017
Financing

$ 150 million

Announced

5/6/2017


Overview:

  • Fruta del Norte Gold and Silver Mining Project has received $400-450 million financing from Orion Resource Partners and Blackstone Tactical Opportunities.
  • The project is being developed by Aurelian Ecuador, an affiliate of Lundin Gold, in Ecuador.
  • The financing consisted of $150 million gold prepay credit facility, $150 million stream credit facility and an equity investment in Lundin Gold aggregating to $150 million.

Katrin Kostadinova - Data analyst

Jurisdiction:

Ecuador

Deal type:

Financing

Practice area:

Banking

Governing law:

Ecuador

Industry sector:

Mining


Firm:

Party: Blackstone Tactical Opportunities (Lender, Investor)

Party: Orion Resource Partners (Lender, Investor)