Miner Company
Wheaton Precious Metals to buy gold, silver stream on Australian project
Wheaton Precious Metals Corp (LSE:WPM, TSX:WPM, NYSE:WPM) said it will acquire a gold and silver streaming interest in the Jervois Project in Australia from KGL Resources for $275 million, in a deal Jefferies analysts describe as highly attractive. The transaction, structured in staged payments, will see Wheaton purchase 75% of the gold and silver produced until cumulative deliveries reach 45,000 ounces of gold and 4.3 million ounces of silver.
Tickers: AAAUBARDBPDGLGLDGLDMIAUOUNZSGOLSILSILJSIVRSLVSLVPUGLWPM
Wheaton Precious Metals Corp (LSE:WPM, TSX:WPM, NYSE:WPM) said it will acquire a gold and silver streaming interest in the Jervois Project in Australia from KGL Resources for $275 million, in a deal Jefferies analysts describe as highly attractive. The transaction, structured in staged payments, will see Wheaton purchase 75% of the gold and silver produced until cumulative deliveries reach 45,000 ounces of gold and 4.3 million ounces of silver.