Lupaka Gold

Lupaka Gold completes the sale of Crucero

Lupaka Gold completes the sale of Crucero

Lupaka Gold (LPK.V) has completed the sale of the Crucero gold project to GoldMining (GOLD.V) for a total of C$5.75M in cash and securities, consisting of C$750,000 in cash as well as 3.5 million shares of GoldMining (subject to resale restrictions which haven’t been explained in Lupaka’s update). The share […]

Lupaka Gold borrows an additional C$600,000

Lupaka Gold borrows an additional C$600,000

Lupaka Gold (LPK.V) is still waiting for its streaming deal with Pandion Mine Finance to close, and although company representatives have confirmed the finish line is around the corner, Lupaka has entered into additional loan agreements with insiders and third party investors. Lupaka will borrow an additional C$600,000 from the […]

Lupaka Gold signs a definitive deal with Pandion Mine Finance

Lupaka Gold signs a definitive deal with Pandion Mine Finance

Lupaka Gold (LPK.V) has announced it has completed six months of negotiations with Pandion Mine Finance and the company has now signed and executed a definitive pre-paid gold purchasing agreement. As per the agreement, Lupaka will receive US$6.1M from Pandion in two tranches (of $1.8M and $4.3M) and these funds […]

Lupaka Gold is still dealing with Pandion Mine Finance

Lupaka Gold is still dealing with Pandion Mine Finance

Lupaka Gold (LPK.V) has entered into the definitive documentation phase to fund the development of the Invicta poly-metallic project in Peru. The company announced a first agreement with Pandion Mine Finance earlier this year, and both parties have been working together to come to a definitive financing solution. Lupaka has […]

Flash Update: Lupaka Gold

Flash Update: Lupaka Gold

We have been following Lupaka Gold (LPK.V) for several years now as the company has two very nice horses in its stable; Invicta (the near-term production asset) and Crucero (the 2Moz+ exploration asset) in Peru. As you can (and should) expect from a small mining and exploration company, Lupaka is […]

Lupaka Gold mines 900 tonnes at 0.7 oz AuEq/t

Lupaka Gold mines 900 tonnes at 0.7 oz AuEq/t

Lupaka Gold (LPK.V) has already mined 900 tonnes from the footwall side of the drift. In our report last week we said we wouldn’t be surprised to see an average grade higher than the official resource estimate which contains 131,000 tonnes of ore in the Atenea vein at 6.65 g/t […]