Lundin Gold Announces Closing of Silver Stream-for-Equity Transaction with LunR Royalties and Declares Share Dividend

Lundin Gold announced the closing of the previously agreed life-of-mine silver stream‑for‑equity transaction with LunR Royalties Corp. The company received 50,505,051 common shares of LunR as consideration and will immediately distribute all of those shares to eligible Lundin Gold shareholders as a special dividend‑in‑kind. The distribution ratio is roughly one LunR share for every five Lundin Gold shares held; shareholders in restricted jurisdictions (including the U.S.) will receive net cash proceeds instead of shares. The payment date is June 11, 2026, with a record date of June 4, 2026. After the distribution, Lundin Gold will hold no shares of LunR. The release also details the tax treatment and the administrative process for Euroclear Sweden shareholders, who will receive Swedish depositary receipts.

The announcement is the expected closing of a deal that was originally revealed on February 22, 2026, entered into as a definitive agreement on April 2 2026, and thoroughly described in the Q1‑2026 earnings release. No new terms were disclosed, and the transaction closed on schedule. The distribution of LunR shares merely returns the value that was already priced into the stock when the transaction was announced. Because the market anticipated this completion, the news does not materially alter the investment thesis or introduce previously unknown information. It is a routine positive event – a clean execution of a well‑telegraphed corporate action – with no element of surprise.

Lundin Gold owns and operates the world‑class Fruta del Norte (FDN) gold mine in Ecuador. FDN is one of the highest‑grade large‑scale gold operations globally, with 5.85 Moz of proven & probable reserves (as of Dec 2025). The mine produces approximately 500,000 ounces of gold annually at an AISC around $1,000–$1,170/oz. Recent exploration success has added the FDNS deposit (first reserve of 0.54 Moz) and the FDN East inferred resource (0.42 Moz). Additionally, a >5 km copper‑gold porphyry corridor (Trancaloma, Sandia, Castillo) is being delineated, potentially augmenting long‑term upside. The company is part of the Lundin Group of companies.