104 LAWYER MONTHLY JULY 2023 Lumina Gold’s $300 Million Metals Streaming Agreement with Wheaton Precious Metals About the Deal Flor Bustamante Pizarro & Hurtado (FBPH) advised Wheaton Precious Metals International Ltd on entering into a precious metals purchase agreement (the ‘Gold Stream’) with Lumina Gold Corp. Tobar ZVS advised Lumina Gold. Headquartered in Vancouver, Lumina Gold is a precious and base metals exploration and development company primarily concerned with southwest Ecuador’s Cangrejos gold-copper project. The Gold Stream initially represents 6.6% of the payable gold produced from the project in exchange for $48 million of preconstruction funding and $252 million of construction funding. Wheaton Precious Metals International Ltd is a wholly-owned subsidiary of Wheaton Precious Metals Corp, and is one of the largest precious metals streaming companies in the world. The company’s offering to investors encompasses cost predictability, a highquality asset base and direct leverage to increasing precious metals prices. FBPH advised Wheaton Precious Metals with a team including partner Roque Bustamante and associate Claudia Bustamante. Transaction Interview Legal Advisor to Wheaton Precious Metals: Legal Advisor to Lumina Gold:
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