Wheaton Precious Metals: Acquisition of Stream from Generation Mining
WHEATON PRECIOUS METALS ANNOUNCES ACQUISITION OF A GOLD AND PLATINUM STREAM FROM GENERATION MINING’S MARATHON PROJECT
Wheaton Precious Metals™ Corp. (“Wheaton” or the “Company”) is pleased to announce that it has entered into a binding arrangement with Generation Mining Limited (“Gen Mining”) (TSX: GENM) for a Precious Metal Purchase Agreement (the “Marathon PMPA”) in respect to the Marathon Project located in Ontario, Canada (the “Marathon Project”).
“The Marathon Project provides Wheaton with accretive, near-term growth that further diversifies our existing portfolio and preserves our focus on precious metals,” said Randy Smallwood, Wheaton’s President and Chief Executive Officer. “Wheaton is proud to support Gen Mining in the responsible development of the Marathon Project, recently projected to have one of the lowest operational carbon footprints of any mine in the world, once producing. While Wheaton will be streaming the byproduct platinum and gold from the mine, the primary metals the Marathon Project is forecast to produce are palladium and copper, which are crucial for the global transition to a low-carbon economy.”
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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