Wheaton Precious Metals to buy gold, silver stream on Australian project

2026-04-02 23:29:18

Abstract generation in progress

Wheaton Precious Metals Corp announced it will acquire a gold and silver streaming interest in the Jervois Project in Australia from KGL Resources for $275 million. The deal, described as highly attractive by Jefferies analysts, involves staged payments for 75% of gold and silver produced, with percentages dropping over time. The Jervois project is fully permitted and is expected to start production in the second half of 2027, projecting significant annual contributions to Wheaton’s production profile.

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