BHP, Wheaton Sign Record $4.3 Billion Silver Streamline Deal - BHP Group (NYSE:BHP), Wheaton Precious Metals (NYSE:WPM)
Diversified miner BHP Group Ltd. (NYSE:BHP) has signed a $4.3-billion silver streaming agreement with Wheaton Precious Metals Corp. (NYSE:WPM) covering its share of output from the Antamina mine in Peru.Based on the upfront consideration, this is the most valuable precious-metals streaming transaction to date.Monetizing ByproductA streaming agreement is a long-term contract in which a mining company receives an upfront payment in exchange for the streamer’s right to buy a portion of future production at a f ...