WPM Boosts Gold Reserves With Carcetti's Hemlo Mine Financing Package

Key Takeaways Wheaton Precious Metals is financing Carcetti's Hemlo Mine purchase from Barrick Mining.The package includes a $400M gold stream, equity participation and bank debt support.Hemlo adds 0.25M ounces in reserves, with 14 years of output and exploration potential.Wheaton Precious Metals Corp. (WPM) announced that it inked a deal to provide financing to Carcetti Capital Corporation for its planned acquisition of the Hemlo Mine from Barrick Mining Corporation (B) . The addition of Hemlo Mine is esti ...