CMOC to acquire Lumina Gold for CAD581m.

CMOC, a Chinese mining company, agreed to acquire Lumina Gold, a Canadian precious and base metals exploration and development company, for CAD581m. "After advancing the Cangrejos project for over 10-years and taking it from no defined resources to being poised to be one of the largest gold projects globally, the Lumina Group is excited for the transition of the Cangrejos project to CMOC. The Lumina team looks forward to working with CMOC and all existing stakeholders to ensure the successful future development of the project," Marshall Koval, Lumina Gold CEO.