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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Wheaton Precious Metals Corp | TSX:WPM | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 72.52 | 71.95 | 72.98 | 0 | 12:16:49 |
By Jaime Llinares Taboada
Wheaton Precious Metals Corp. said Friday that it has entered into a deal to purchase gold and silver from Caldas Gold Corp.'s Marmato mine in Colombia.
Wheaton--which is listed in Toronto, New York and London--has secured 6.5% of the mine's gold production until 190,000 ounces are produced, and 3.25% thereafter; and 100% of Marmato's silver output until 2.15 million ounces are produced, and 50% thereafter, the company said.
The company said it has agreed to pay $110 million in cash, plus payments equal to 18% of the spot gold and silver price--which will be later increased to a 22% rate.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
November 06, 2020 04:03 ET (09:03 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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