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Wheaton Precious Metals and Montage Gold Strike New Streaming Deal

October 25, 2024
x min read
Wheaton Montage Gold

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. And with gold prices rising, they are cutting new deals.

What’s happening:

  • Wheaton Precious Metals (NYSE: WPM) has entered into a new gold streaming deal with Montage Gold (TSXV: MAU)

By the numbers:

  • Wheaton Precious Metals will pay Montage Gold $625M USD in cash upfront and ongoing payments for gold ounces that are delivered at 20% of the price of spot gold
  • Wheaton Precious Metals will also provide $75M USD in debt financing to Montage Gold to help fund production from their One gold project
  • Montage Gold expects they will produce an average of 301,000 ounces per year in the first eight years

Why it matters:

Going deeper:

  • Montage Gold has some of the world’s largest precious metals companies as shareholders, including the Lundin Group and Zijin Mining
  • Montage Gold’s Koné project is widely considered to be one of the highest quality gold mines in all of Africa, with high grade deposits and very low production costs

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