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Latest WPM News From Around the Web
Below are the latest news stories about Wheaton Precious Metals Corp that investors may wish to consider to help them evaluate WPM as an investment opportunity.
Introduction On 9th September 2019, we penned an article suggesting that Wheaton Precious Metals Corporation (WPM) was a Buy, saying the following: “If you haven't acquired any of the streamers yet, then give this company some thought as we are of the opinion that it could hit our target of...
(Bloomberg) -- Mining companies may raise as much as $3 billion by selling a share of future output in so-called streaming deals, according to the head of Wheaton Precious Metals Corp.The coronavirus outbreak has spurred volatility in metals prices, and the climate for streaming deals is improving as base-metals companies look to extract value from the precious-metals byproducts that are often found with copper, lead or zinc, Chief Executive Officer Randy Smallwood said in an interview.The Vancouver-based company itself is “very active” on a couple of potential deals, including one valued at $1 billion that it expects will be awarded in the next few months, Smallwood said. Streaming companies like Wheaton provide upfront payments to miners in exchange for the right to buy metals at a di...
China Molybdenum Co has sold the rights to future gold and silver production from its Northparkes copper mine in Australia to a company backed by US hedge fund Elliott Management. Under the deal announced on Sunday, CMOC, which is listed in Shanghai and Hong Kong, will receive $550m in cash upfront from Triple Flag Precious Metals Corp plus ongoing payments in return for gold and silver output from the mine. The agreement between CMOC, which has a market value of $12bn, and Triple Flag is the first so-called streaming transaction involving a Chinese mining company.
Wheaton Precious Metals to Release 2020 Second Quarter Results on August 12, 2020
A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Wheaton's (WPM) wholly-owned subsidiary, Wheaton International, inks an agreement to develop the Marmato Project, which provides accretive growth opportunities for the former.
Wheaton Precious Metals (WPM) says it signed a non-binding precious metals purchase agreement with Caldas Gold (ALLXF) for the Marmato project in Colombia.Under the proposed stream, Wheaton would pay $110M plus ongoing payments linked to the gold and silver price.According to the streaming agreement, Wheaton agrees to purchase 6.5% of...
Focus on mine expansions and higher gold prices driving Wheaton's (WPM) share-price rally.
Wheaton Precious Metals Announces Proposed Precious Metals Stream With Caldas Gold on the Marmato Project
Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that its wholly-owned subsidiary, Wheaton Precious Metals International Ltd. ("Wheaton International") has signed a non-binding term sheet with Caldas Gold Corp. ( "Caldas Gold") (TSX-V: CGC) to enter into a Precious Metals Purchase Agreement (the "Precious Metals Stream") for the Marmato Project located in Colombia. The Marmato Project comprises an operating Upper Mine and the Marmato Deeps Zone ("MDZ") development, both of which are covered by the Precious Metals Stream.
Caldas Gold Announces US$110 Million Precious Metals Stream with Wheaton Precious Metals on the Marmato Project; Launching Proposed Issuance of Up To US$150 Million of Units to Fund the Marmato Project Expansion
Caldas Gold Corp. (CGC.V) announced today that it has signed a non-binding term sheet to receive total cash consideration of US$110 million pursuant to a Precious Metals Purchase Agreement (the “Precious Metals Stream”) to be entered into with Wheaton Precious Metals International Ltd. (“WPMI”), a wholly-owned subsidiary of Wheaton Precious Metals™ Corp. (“Wheaton”) (TSX: WPM; NYSE: WPM). The proceeds from the Precious Metals Stream will solely be used to fund the expansion of the Company’s mining operations in the Deeps Zone (the “MDZ”) at its Marmato Project located in the Department of Caldas, Colombia.