ARTG must have the largest mc of any listing on TMX venture $3.28 billion, is there a reason why it has not graduated?
Wheaton Precious Metals Stream Financings
Silver stream
• Up-front payment of US$141 million received in 2023 during Phase 1 construction
• 50% of the silver produced from Blackwater over the life of mine, dropping to 33% once 18M ounces of silver have been delivered to the stream
• Ongoing payments of 18% of the spot price of silver, increasing to 22% once the upfront deposit has been reduced to zero
• A one-time partial buy-back option to reduce the stream by 33% over the life of mine in the event of a change of control; expires at the earlier of Jan 1, 2025 or on commercial production
Gold stream amendment
• Up-front payment of US$40 million received in 2023 during Phase 1 construction
• 8% of the gold produced from Blackwater over the life of mine, dropping to 4% once 464K ounces of gold are delivered to the stream (previously 280K ounces)
• Ongoing payments of 35% of the spot price of gold