Newcrest Mining, an Australian-based corporation which engages in the exploration, development, mining and sale of gold and gold-copper concentrate, completed the acquisition of Lundin Gold’s Fruta del Norte mine, a gold-silver mine, from Orion Resource, a global alternative investment management firm, and Blackstone Tactical Opportunities, an opportunistic investing platform, for $460m. “The purchase of these gold prepay and stream facilities and the offtake agreement increases our direct exposure to the cash flow generated by the Tier 1 Fruta del Norte mine, in-line with our stated growth strategy. The acquisition is expected to be earnings accretive with the gold prepay and stream facilities expected to provide Newcrest with economic exposure to approximately 400,000 ounces of gold from the mine between 2020 and 2026. With gold prices at the levels we see today, Newcrest expects to receive significant cash flows which will rank ahead of Lundin Gold’s equity holders,” Sandeep Biswas, Newcrest Managing Director and CEO.