Wheaton Precious Metals Announces Acquisition of Additional Silver Stream on Antamina Through New Partnership with BHP

In a groundbreaking move that solidifies its position in the precious metals streaming sector, Wheaton Precious Metals has announced a transformative silver stream acquisition from BHP's portion of the Antamina Mine in Peru, signaling a strategic expansion of its global silver production profile.

The $4.3 billion transaction will increase Wheaton's silver stream at Antamina from 33.75% to 67.5%, positioning the company to capture significant additional production. With growing market volatility creating opportunities in precious metals, this strategic acquisition underscores Wheaton's commitment to expanding high-quality silver assets.

CEO Randy Smallwood emphasized the transaction's strategic importance, noting that quality silver production is becoming increasingly challenging to source while industrial and investment demand continue rising. The deal guarantees Wheaton approximately 6.0 million ounces of silver annually in the first five years, with current mine reserves supporting operations through 2036.

From an investor perspective, this acquisition represents a compelling value proposition. With global commodity dynamics shifting rapidly, Wheaton's expansion provides immediate production and operating cash flow from a proven, low-cost mining operation.

The partnership with BHP, the world's largest mining company, further validates the streaming model's growing significance in resource financing. By securing long-term silver production rights, Wheaton continues to differentiate itself in the precious metals investment landscape, offering investors a unique exposure to silver market fundamentals.