Curated News
By: NewsRamp Editorial Staff
February 17, 2026

Wheaton Precious Metals Doubles Antamina Silver Stake in $4.3B Deal

Discuss on Substack
Original Source

TLDR

  • Wheaton Precious Metals gains a strategic advantage by doubling its silver stream from Antamina to 67.5%, securing long-term production growth and portfolio strength.
  • Wheaton's subsidiary will pay $4.3 billion upfront for BHP's 33.75% silver share at Antamina, effective April 2026, adding ~6.0 million ounces annually initially.
  • This agreement supports sustainable mining practices and community development in Peru, aligning with Wheaton's commitment to strong ESG and stakeholder value creation.
  • Wheaton's deal nearly doubles its silver stream from one of the world's largest mines, showcasing the streaming model's power in precious metals investment.

Impact - Why it Matters

This acquisition matters because it significantly strengthens Wheaton Precious Metals' position in the global silver market at a time when silver demand is growing across multiple sectors. For investors, the deal enhances Wheaton's production profile with approximately 6 million additional ounces annually, potentially increasing revenue and dividend capacity. The transaction also demonstrates the continued viability of streaming agreements as a financing model for mining operations, providing capital to producers like BHP while giving streaming companies like Wheaton exposure to commodity prices with lower operational risk. In the broader context, increased silver production from major mines like Antamina helps meet growing industrial demand for silver in electronics, solar panels, and other technologies, while also supporting investment demand for precious metals as inflation hedges. The deal reinforces Wheaton's status as a leading streaming company and could influence similar transactions in the mining sector.

Summary

Wheaton Precious Metals Corp., the world's premier precious metals streaming company, has made a transformative acquisition that significantly expands its stake in one of the world's most important silver mines. Through its subsidiary Wheaton Precious Metals International Ltd., the company has entered into a definitive precious metals purchase agreement with a subsidiary of BHP Group Limited for BHP's 33.75% share of silver production from the Antamina Mine in Peru. This strategic move, which involves a substantial $4.3 billion upfront cash consideration, will dramatically increase Wheaton's share of Antamina's silver output from 33.75% to a commanding 67.5% of all silver produced at the mine, effective April 1, 2026.

The acquisition represents a major expansion of Wheaton's streaming portfolio and reinforces Antamina's role as a cornerstone, long-life asset in the company's portfolio. According to projections, this enhanced stream is expected to add average attributable silver production of approximately 6.0 million ounces annually over the first five years and 5.4 million ounces annually over the first ten years. This substantial production increase comes at a time when silver demand continues to grow across multiple sectors, including industrial applications, jewelry, and investment vehicles. The transaction demonstrates Wheaton's continued commitment to its business model that offers investors commodity price leverage and exploration upside while maintaining a lower risk profile than traditional mining companies.

This news was disseminated through the InvestorBrandNetwork, which includes specialized communications platforms like MiningNewsWire that focus on developments in the Global Mining and Resources sectors. MiningNewsWire operates as part of the Dynamic Brand Portfolio that delivers comprehensive corporate communications solutions, including access to wire solutions via InvestorWire, article and editorial syndication to thousands of outlets, enhanced press release distribution, and social media distribution to millions of followers. For investors seeking more information, the latest updates relating to Wheaton Precious Metals (NYSE: WPM, TSX: WPM) are available in the company's newsroom, and those interested in mining sector alerts can receive SMS notifications by texting "BigHole" to the designated number.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Wheaton Precious Metals Doubles Antamina Silver Stake in $4.3B Deal

blockchain registration record for this content.