Wheaton Precious Metals Announces the Acquisition of Existing Streams from Orion Mine Finance Including the Platreef and Kudz Ze Kayah Projects, and Enters into a New Stream on the Curraghinalt Project

Vancouver, British Columbia – Wheaton Precious Metals™ Corp. (“Wheaton” or the “Company”) is pleased to announce Wheaton and its wholly-owned subsidiary, Wheaton Precious Metals International Ltd. (“Wheaton International”) have entered into a definitive agreement with certain entities advised by Orion Resource Partners (“Orion”) to acquire existing streams in respect of Ivanhoe Mines’ Platreef Project (the “Platreef Streams”) and BMC Minerals’ Kudz Ze Kayah Project (the “Kudz Ze Kayah Streams”). In addition, Wheaton International has entered into a new precious metals purchase agreement for a gold stream in respect of Dalradian Gold’s Curraghinalt Project (the “Curraghinalt Stream”).

“The acquisition of these diverse, high-quality streams fits seamlessly into our portfolio of high-margin, low-cost assets, with near-term production from Platreef significantly adding to our already robust growth profile,” said Randy Smallwood, Wheaton’s President and Chief Executive Officer. “This Project has been significantly de-risked given the advancement of construction and development and is forecast to deliver significant precious metals production to Wheaton, commencing next year. We are also very impressed with Ivanhoe’s progress in working with the community and other stakeholders as it rapidly advances the Project towards production.”

Closing of the acquisition of the Platreef, Kudz Ze Kayah and Curraghinalt Streams is subject to typical terms and conditions and anticipated to occur within the fourth quarter of 2023 or early first quarter of 2024.

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