Wheaton acquires $300m gold stream on Lumina’s Cangrejos project

Royalty and streaming group Wheaton Precious Metals has added the gold stream on the Cangrejos project of Lumina Gold to its portfolio of assets, the companies announced on Tuesday.

Wheaton will pay TSX-V-listed Lumina $300-million, comprising $48-million of preconstruction funding and $252-million of construction funding.