Wheaton Precious Metals Acquires Additional Silver Stream on Antamina Mine Through Partnership with BHP

Wheaton Precious Metals has acquired an additional silver stream on the Antamina Mine in Peru through a partnership with BHP. The transaction includes a $4.3 billion upfront payment and a 67.5% share of all silver produced from the mine. Wheaton will purchase 22.5% of payable silver for the life of the mine once 100 million ounces have been delivered. The acquisition is expected to increase Wheaton's production and cash flow profile.