Wheaton Precious Metals Corp. has finalized a landmark $4.3 billion Precious Metals Purchase Agreement with BHP Group Ltd., claiming a 33.75% share of silver production at the Antamina mine in Peru, the largest streaming transaction ever recorded. This deal not only allows BHP to unlock significant silver value but also enhances Wheaton’s access to a promising land package with deep exploration potential. As BHP plans to further develop its portfolio with the San Manuel property acquisition, strong financial performance, including a 533.3% increase in net earnings, underscores the positive market reception of these strategic moves.
“Announced the largest precious metal streaming transaction ever with BHP to double exposure at Antamina, a premier low-cost asset with significant resource replacement history.”
“Noted that the transaction allows BHP to unlock silver value while Wheaton gains exposure to a massive land package with significant exploration potential at depth.”
“Closed a non-brokered private placement with participation by a Lundin Family Trust and BHP Group Limited ('BHP'), involving the issuance of 23,810,000 common shares at a price of C$4.20 per share for aggregate gross proceeds of C$100,002,000 on March 11, 2026.”
“Signed a letter of intent to acquire BHP's San Manuel property in Arizona on February 20, 2026, creating the potential for a multi-asset copper district in the USA.”
“On February 16, 2026, the Company announced it had entered into a definitive PMPA with BHP (the 'BHP Antamina PMPA') for their 33.75% portion of the silver produced at the Antamina Mine located in Peru. Under the terms of the BHP Antamina PMPA, the Company will pay BHP total upfront cash consideration of $4.3 billion on closing, subject to certain customary conditions.”
“the Company will purchase BHP's 33.75% of the payable silver until a total of 100 million ounces has been delivered, at which point the Company will purchase 22.5% of the payable silver for the life of mine.”
“Net earnings for BHP Group Ltd reached $ 558,250, which represents an increase of 533.3% compared to the previous year.”
“BHP Group Ltd reported revenue of $ 864,714, reflecting a 127.2% increase from the previous year.”
“The gross margin for BHP Group Ltd was $ 663,530, which is an increase of 168.2% compared to the prior year.”
“Rio Tinto and BHP Group Limited currently have Value Scores of C and A, respectively.”
“The Zacks Consensus Estimate for BHP’s current fiscal-year earnings stands at $4.93 per share, implying a 35.44% year-over-year increase.”
“Shares of BHP have gained 50.8% over the past year.”