Wheaton Precious Metals(US:WPM) Prnewswire·2025-09-11 00:16Core Insights - Wheaton Precious Metals Corp. has committed financing to Carcetti Capital Corporation to support the acquisition of the Hemlo Mine from Barrick Mining Corporation, which is expected to enhance Wheaton's gold streaming portfolio and create long-term value [1][2][3] Financing Details - Wheaton's financing package includes a Gold Stream of up to $400 million, participation in equity financing up to $50 million or 20% of the total equity financing, and $200 million in bank debt [3][4] - The total equity financing is estimated to generate approximately $415 million [3] Hemlo Mine Overview - The Hemlo Mine has produced approximately 25 million ounces of gold over more than 30 years and is located in a politically stable jurisdiction in Canada [7][9] - The mine is currently an underground operation and has significant exploration potential [7][9] Production and Reserves - The Hemlo Mine is forecasted to have a 14-year mine life, with average production of approximately 20,000 ounces of gold per annum for the first 10 years and over 17,000 ounces per annum for the life of the mine [9] - The addition of the Hemlo Mine will increase Wheaton's total estimated Proven and Probable Mineral gold reserves by 0.25 million ounces [9] Strategic Importance - The acquisition is seen as a strategic move to enhance Wheaton's portfolio and is backed by a capable operating team at HMC, which will focus on maximizing the mine's potential [2][7] - Wheaton's commitment to responsible stewardship and disciplined capital deployment is emphasized as a key aspect of this transaction [2][9]