Edgen Stock·Apr 01 2026, 22:21Key Takeaways:
Wheaton Precious Metals Corp. said on Tuesday it has finalized a silver stream agreement with a subsidiary of BHP Group Limited, securing a portion of the silver production from the prolific Antamina mine in Peru.
Under the terms of the previously announced Precious Metals Purchase Agreement, Wheaton's subsidiary, WPMI, has completed the transaction with BHP's wholly-owned subsidiary in respect of the Antamina Mine.
The Antamina mine is one of the world's largest producers of copper and zinc, with silver as a significant byproduct. The deal provides Wheaton with a long-term stream of silver at a fixed cost, enhancing its revenue stability. For BHP, this transaction provides immediate upfront capital, which can be used for operations or expansion.
This agreement reinforces the value of the streaming and royalty business model in the mining industry, allowing producers to unlock value from byproducts and providing streaming companies with long-term access to precious metals. The deal is seen as a bullish indicator for Wheaton's future profitability and a strategic financing move for BHP.
This article is for informational purposes only and does not constitute investment advice.
