11th Dec 2020 18:03
Wheaton Precious Metals Corp - precious metals streaming company - Signs definitive metal purchase agreement with Capstone Mining Corp, where Wheaton will pay USD150 million for 50% of silver production from the Cozamin mine in Mexico until 10 million ounces is delivered. Once that threshold is reached, it will drop to 33% of output for the life of the mine.
Wheaton will make ongoing payments for silver ounces delivered to 10% of the spot silver price.
Current stock price: 3,335.00 pence
Year-to-date change: down 4.8% since October 28
By Dayo Laniyan; [email protected]
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