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Luminex Resources Corp - LUMIF STOCK NEWS

Welcome to our dedicated news page for Luminex Resources (Ticker: LUMIF), a resource for investors and traders seeking the latest updates and insights on Luminex Resources.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Luminex Resources's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Luminex Resources's position in the market.

Rhea-AI Summary
Luminex Resources Corp. (LUMIF) announces overwhelming shareholder and optionholder approval for the proposed acquisition by Adventus Mining Corporation. The Arrangement Resolution was approved by 99.97% of the votes cast by shareholders, and the completion is expected on January 25, 2024, pending court approval and other closing conditions.
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Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF) has successfully reached an agreement with Anglo American plc to amend and restate the Pegasus earn-in and joint venture agreement. Under the Amended Earn-In Agreement, the Company has agreed to Anglo American having a right to earn-in and retain the original 60% earn-in ownership threshold by spending US$15M more than expenditures to date, of which US$10M must be allocated to direct drilling costs. Luminex will also be owed US$3.9M by way of cash payments to complete the earn-in to 60% ownership. The parties have agreed to exit a portion of the exploration tenure (Pegasus B) and reduce the concession size at Pegasus A. The CEO, Marshall Koval, expressed optimism about the potential for large-scale copper porphyry discoveries at Pegasus.
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Lumina Gold Corp. (TSXV: LR) (OTCQX: LUMIF) Announces Positive Results from Annual Shareholders Meeting in Vancouver
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Luminex Resources Corp. announces positive results from its metallurgical test program at the Los Cuyes deposit, with 95% gold recoveries using whole ore cyanidation and 96% gold recoveries using flotation on the Cuyes West high-grade composite. The high recovery rates represent an important step in advancing the Condor North project. The company holds a large and highly prospective land package in Ecuador.
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Luminex Resources Corp. is in discussions with Anglo American to amend the terms of the Pegasus Earn-In, suspending the withdrawal notice for 45 days.
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Luminex Resources Corp. signs agreement with 17 artisanal miners in the Condor Project, securing areas for mine development and satisfying miners' desire for legal concession rights. The agreement creates 63 hectares of formalized concessions and is expected to benefit individuals within the project's area of influence.
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Luminex Resources Corp. announces that Anglo American has withdrawn its option to increase ownership in the Pegasus project in Ecuador. Delays in drilling at Medusa South have occurred due to surface access issues. Luminex and Anglo American may discuss realigning the earn-in agreement terms. Anglo American has spent approximately $26 million. Luminex believes the area offers attractive copper porphyry targets. The next concession payments for Pegasus are due in March 2024.
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-13.92%
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Luminex Resources reaches historic agreement with informal miners in Condor North, positively impacting stock price.
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Luminex Resources Corp. reaches historic agreement with informal miners in Condor gold project in Ecuador
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Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF) announced successful drill results from two holes at the Cuyes West structure, including high-grade gold and silver intersections. The company anticipates expanding the mineral resource at Condor and updating its Preliminary Economic Assessment in 2024.
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Luminex Resources Corp

OTC:LUMIF

LUMIF Rankings

LUMIF Stock Data

22.78M
131.76M
24.24%
3.13%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
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Canada
Vancouver