KGL and BHP Secure Major Streaming Deals with Wheaton Precious Metals
KGL Resources has finalized a $300 million streaming deal with Wheaton Precious Metals to fund its Jervois copper project. Simultaneously, BHP has closed a $4.3 billion silver streaming agreement with Wheaton for silver from the Antamina mine, enhancing capital flexibility for both companies.
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KGL Resources has secured a $300 million streaming agreement with Wheaton Precious Metals to support its Jervois copper project in Australia. The deal includes $275 million upfront, with further payments tied to construction milestones.
BHP has completed a $4.3 billion silver streaming agreement, allowing it to monetize silver from the Antamina mine while retaining exposure to copper and zinc production. This arrangement is expected to significantly enhance Wheaton's silver production and reserves, while also providing KGL with essential capital, thereby reducing financing risks for both firms. The implications for the silver streaming market include increased willingness from major miners to leverage byproduct metals for core project funding.
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