ASX:BHPMetals and Mining
Is BHP (ASX:BHP) Using Antamina Silver Streaming To Quietly Recast Its Capital Allocation Playbook?
BHP Group Limited, through a wholly owned subsidiary, has completed a long-term silver streaming agreement with Wheaton Precious Metals International for BHP’s share of silver from Peru’s Antamina mine, receiving upfront consideration of US$4.30 billion in exchange for delivering a portion of future silver production with payments linked to 20% of the spot price.
This transaction effectively converts part of BHP’s future silver output into immediate liquidity while tying ongoing cash flows...