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Wheaton Precious Metals Announces The Acquisition Of A Gold Stream From Lumina Gold'S Cangrejos Project

PUBLIC · WPMMay 17, 2023

Acquiring Company

Wheaton Precious Metals

Acquired Company

Lumina Gold

VancouverVancouverMiningPrecious MetalsMineralMining TechnologyOtherMining

Description

Wheaton Precious MetalsTM Corp. ("Wheaton" or the "Company") is pleased to announce that its wholly-owned subsidiary, Wheaton Precious Metals International Ltd. ("Wheaton International") has entered into a definitive Precious Metal Purchase Agreement (the "Gold Stream") with Lumina Gold Corp. ("Lumina") (TSXV: LUM) in respect to its 100% owned Cangrejos gold-copper project located in El Oro Province, Ecuador (the "Project" or "Cangrejos"). Cangrejos is forecast to be a high-margin mine in the lowest half of the cost curve with a 26-year mine life1.

Quick answer

Wheaton Precious Metals is acquiring Lumina Gold, announced May 17, 2023. Wheaton Precious Metals is based in Vancouver, British Columbia, Canada.

How much did Wheaton Precious Metals pay for Lumina Gold?
The deal value was not disclosed.
What does Wheaton Precious Metals do?
Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets.
Where are Wheaton Precious Metals and Lumina Gold based?
Wheaton Precious Metals is based in Vancouver, British Columbia, Canada. Lumina Gold is based in Vancouver, British Columbia, Canada.
Who are the decision-makers at Wheaton Precious Metals?
Fundz holds 4 contacts at Wheaton Precious Metals. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Wheaton Precious Metals

Location

Vancouver, British Columbia, Canada

About

Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. As a result, Wheaton has consistently outperformed gold and silver, as well as other mining investments. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate. Wheaton creates sustainable value through streaming for all of its stakeholders.

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Frequently asked

Who acquired Lumina Gold?

Lumina Gold was acquired by Wheaton Precious Metals, based in Vancouver. The deal was reported on May 17, 2023. Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Wheaton Precious Metals is publicly traded (WPM) and operates in Mining.

When did Wheaton Precious Metals acquire Lumina Gold?

Wheaton Precious Metals's acquisition of Lumina Gold was reported on May 17, 2023. Wheaton Precious MetalsTM Corp. ("Wheaton" or the "Company") is pleased to announce that its wholly-owned subsidiary, Wheaton Precious Metals International Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Lumina Gold do?

Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base metals exploration and development company focused on the Cangrejos Gold-Copper project located in El Oro Province, southwest Ecuador. It is privately held, operating in Other, and is based in Vancouver.

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