Wheaton Precious Metals Spends $530 Million to Acquire Existing and New Precious Metal Resources from Orion Resource Partners

Title: Wheaton Precious Metals Acquires Orion Resource Partners’ Gold and Precious Metal Assets for $530 Million

Wheaton Precious Metals (WPM.US) announced on Wednesday that it has agreed to purchase existing and new precious metal resources from Orion Resource Partners for $530 million.

Under the deal, Wheaton Precious Metals will have the right to buy 62.5% of the payable gold from the Platreef project in South Africa until a total of 218,750 ounces of gold are delivered. Subsequently, the company will have the right to purchase 50% of the payable gold output until 428,300 ounces are delivered.

Additionally, Wheaton Precious Metals will have the right to acquire 5.25% of the payable palladium and platinum until a total of 350,000 ounces are received. Afterward, the purchase amount will reduce to 3% of the payable palladium and platinum output until 485,115 ounces are delivered.

As per the Kudz Ze Kayah mining process in Canada’s Yukon territory, Wheaton Precious Metals mentioned it would be entitled to buy 6.875%-7.375% of the payable gold and silver in stages before producing and delivering 330,000 ounces of gold and 43,300,000 ounces of silver. The proportion will drop to between 5.625%-6.125% before producing and delivering an additional 59,800 ounces of gold and 7,960,000 ounces of silver.

In the Curraghinalt mine area in Northern Ireland, Wheaton Precious Metals will purchase 3.05% of the payable gold until 125,000 ounces of gold are delivered, after which the payable gold output from the mine will decrease to 1.5%.

[Source – 上海有色网] Wheaton Precious Metals斥5.3亿美元收购Orion Resource Partners现有金属及新贵金属资源

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