Video News/BMO Capital Markets 2026

LunR Royalties (TSXV: LUNR) has announced a $670 million silver stream on Lundin Gold’s Fruta del Norte mine in Ecuador, delivering 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 shares to be 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. Lundin said the transaction will increase LunR’s free float, introduce Newmont as a major shareholder with board representation, and position the company within the $1 billion to $10 billion royalty gap. A shareholder vote is required to complete the deal as LunR scales into a cash-flowing precious metals platform.