Lundin Gold extinguishes bank debt

On the back of robust free cash flow generation during the third quarter, Toronto-listed Lundin Gold on Wednesday announced that it had elected to fully repay its remaining bank debt.

The company, which generated free cash flow of $80.9-million, or $0.34 a share during the September quarter, repaid the remaining $70.5-million plus accrued interest under its senior debt facility earlier this month.