Wheaton Precious Metals Acquires Royalty in Spanish Mountain Gold Project
Wheaton Precious Metals (NYSE: WPM) has entered into a royalty agreement with Spanish Mountain Gold, acquiring a 1.5% net smelter return on gold and silver production from the project for $55 million paid in three installments. This deal is expected to strengthen Spanish Mountain's position as an emerging precious metals developer.
Tickers: $WPM
Topics: Gold Investment Mining Partnership Precious Metals