Wheaton Precious Metals: Acquisition of gold and silver streams on Artemis’ Blackwater Project

13th December 2021 | Wheaton Precious Metals

WHEATON PRECIOUS METALS ANNOUNCES ACQUISITION OF GOLD AND SILVER STREAMS ON ARTEMIS’S BLACKWATER PROJECT

Wheaton Precious Metals™ Corp. (“Wheaton” or the “Company”) is pleased to announce that it has entered into a definitive agreement to acquire the existing gold stream (the “Gold Stream”) held by New Gold Inc. (“New Gold”) in respect of gold production from the Blackwater Gold Project located in British Columbia, Canada (the “Blackwater Project”). In addition, the Company has entered into a Precious Metal Purchase Agreement (the “Silver Stream”) with Artemis Gold Inc. (“Artemis”) (TSX: ARTG) in respect of silver production from the Blackwater Project.

“The acquisition of the gold and silver streams on the Blackwater Project further enhances and diversifies Wheaton’s existing portfolio of low-cost, high-quality, long-life mines. With strong ESG commitments at every stage of development, compelling economics and significant exploration upside potential, Blackwater incorporates many of the attributes we seek for accretive growth,” said Randy Smallwood, Wheaton’s President and Chief Executive Officer. “Artemis’s approach of disciplined, responsible resource development aligns well with our own focus on promoting industry-leading mining practices. We are proud to partner with Artemis in the advancement of the Blackwater Project, which we believe is on track to develop into a top-tier operation, producing socially and environmentally sound minerals, right in our own backyard.”

In the interview below CEO Randy Smallwood provides an overview of the business and his view on the precious metals market

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