Wheaton Precious Metals announces acquisition of a gold and platinum stream on Generation Mining's Marathon Project
December 22, 2021
240.00 Million CAD
On December 22, 2021, Wheaton Precious Metals Corp. ("Wheaton") announced that it has entered into a binding arrangement with Generation Mining Limited for a Precious Metal Purchase Agreement in respect to the Marathon Project located in Ontario, Canada.
Wheaton will pay Generation Mining Limited total upfront cash consideration of C$240 million, C$40 million of which will be paid on an early deposit basis prior to construction to be used for development of the Marathon Project, with the remainder payable in four staged installments during construction.
Wheaton Precious Metals Corp. is one of the world's largest precious metals streaming companies, based in Vancouver, BC.
McCarthy Tétrault LLP advised Wheaton Precious Metals with a team led by Roger Taplin that included Christopher Langdon, Patrick Deutscher, Chris Zawadzki, Ainslie Hurd and Xinya Wang (Business Law).