Wheaton Precious Metals Closes Largest Streaming Deal with BHP
Wheaton Precious Metals (WPM) has finalized its largest streaming deal to date with BHP, securing rights to BHP’s share of silver production from the Antamina Mine in Peru. The agreement involves an upfront payment of $4.3 billion and ongoing payments tied to the spot silver price, with WPM receiving 33.75% of BHP’s payable silver until 100 million ounces are delivered.
Topics: BHP Group mining silver production streaming deals Wheaton Precious Metals