TSX:WPMMetals and Mining
Did Wheaton’s US$300 Million Hemlo Gold Stream Just Shift Wheaton Precious Metals' (TSX:WPM) Investment Narrative?
Wheaton Precious Metals Corp. recently completed a US$300 million gold streaming agreement with Hemlo Mining Corp. to support its acquisition of the Hemlo Mine from Barrick, securing long-term access to a portion of the mine’s gold production at 20% of spot prices.
The deal not only delivers immediate production and cash flow but also lifts Wheaton’s gold reserves and resources and grants it a right of first refusal over future precious metals financings linked to Hemlo.
We’ll now examine...