Bullboard - Stock Discussion Forum Wheaton Precious Metals Corp T.WPM

Alternate Symbol(s): WPM

Metals & Mining Gold

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company. The Company, through strategic streaming agreements, partners with mining companies to secure a portion of their future precious metal production. It has entered into approximately 38 long-term agreements (30 of which are precious metal purchase agreements (PMPAs), three of which are early deposit PMPAs, and five... see more

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TSX:WPM - Post Discussion

Wheaton Precious Metals Corp > ACQUISITION OF A GOLD AND PLATINUM STREAM

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Post by Betteryear2 on Dec 22, 2021 7:26pm

ACQUISITION OF A GOLD AND PLATINUM STREAM

VANCOUVER, BC, Dec. 22, 2021 /PRNewswire/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that it has entered into a binding arrangement with Generation Mining Limited ("Gen Mining") (TSX: GENM) for a Precious Metal Purchase Agreement (the "Marathon PMPA") in respect to the Marathon Project located in Ontario, Canada (the "Marathon Project").

"The Marathon Project provides Wheaton with accretive, near-term growth that further diversifies our existing portfolio and preserves our focus on precious metals," said Randy Smallwood, Wheaton's President and Chief Executive Officer. "Wheaton is proud to support Gen Mining in the responsible development of the Marathon Project, recently projected to have one of the lowest operational carbon footprints of any mine in the world, once producing. While Wheaton will be streaming the byproduct platinum and gold from the mine, the primary metals the Marathon Project is forecast to produce are palladium and copper, which are crucial for the global transition to a low-carbon economy."

https://www.prnewswire.com/news-releases/wheaton-precious-metals-announces-acquisition-of-a-gold-and-platinum-stream-from-generation-minings-marathon-project-301449869.html

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