Wheaton Precious Metals Announces Closing of Silver Stream with BHP on Antamina

· Source: The AI Journal · Field: Finance & Economics — Capital Markets & Investment Management, Corporate Finance & Treasury, Commodities & Energy Finance · Depth: Intermediate, long

Summary

Wheaton Precious Metals Corp. announced the closing of its silver stream transaction with a wholly-owned subsidiary of BHP Group Limited for the Antamina Mine in Peru, effective April 1, 2026. Under the Precious Metals Purchase Agreement, Wheaton's subsidiary will acquire 33.75% of BHP's payable silver from Antamina until 100 million ounces are delivered, then 22.5% for the life of mine, with a fixed payable factor of 90.0%. The transaction involved an upfront payment of US\$4.3 billion, complemented by ongoing payments equal to 20% of the spot price of silver for delivered ounces. This strategic acquisition reinforces Wheaton's standing as a premier precious metals streaming company, enhancing its portfolio with a long-life, low-cost asset.

Key takeaway

Wheaton Precious Metals has finalized a silver stream agreement with BHP for the Antamina Mine in Peru, effective April 1, 2026. This involves an upfront payment of US\$4.3 billion for 33.75% of payable silver (reducing to 22.5% after 100 million ounces) at 20% of the spot price. The deal significantly enhances Wheaton's long-term silver portfolio, reinforcing its low-risk streaming model and commodity price leverage for investors.

Topics

Best for: Investor, Legal Professional, Consultant

Related on AIssential

Open in AIssential →

Editorial summary, takeaway, and curation by AIssential. Original article published by The AI Journal.