TSX:WPMMetals and Mining
Does Wheaton Precious Metals' (TSX:WPM) New Hemlo Stream Clarify Its Capital-Light Cash Flow Playbook?
Wheaton Precious Metals recently completed a US$300 million gold stream agreement with Hemlo Mining Corp tied to the Hemlo Mine acquired from Barrick Mining Corporation and issued 12,093 new shares through its dividend reinvestment plan and employee options, which have been admitted to trading on the London Stock Exchange.
This latest stream adds another producing asset to Wheaton’s portfolio of 23 operating mines, reinforcing its capital-light model of converting long-term purchase rights...