The acquisition of two separate streams in a Victorian mine project has been announced by the mining company, Wheaton Precious Metals (Wheaton) and its subsidiary, Orion, to pay up to $450m (400m) in upfront cash consideration. The company is expected to announce the closing of the project within the fourth quarter of 2023. The Whiton has said it is very impressed with the progress of building and development in the Vale of Glamorgan which could be linked to the development of another significant mine and mine projects, and says it will pay $550m in cash to buy certain entities advised by BMC minerals and the company s advising operators to acquire existing gold and gold pipelines, as it prepares to deliver massive growth in its portfolio of precious metals. Why is it going to close the process of acquiring their remaining assets, in what is thought to be the biggest buyer of this huge amount of money, after being given the go-ahead for the first time in near-term production from the Bronze Age mine, Ivanhoe Miners Platreef Project and Dalradian Gold, the Kudz Ze Kayah project, it has agreed to take over the purchase of some of its earliest-ever spending of 50m worth of cash. Here are the details of what it expects to happen when it closes its purchase agreement with those advisory investors - and what will be paid for them.
Source: marketscreener.comPublished on 2023-11-15
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