Wheaton Glencore Wheaton agrees to terminate silver stream on Yauliyacu mine for $150 million from Glencore
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Wheaton said it has agreed to terminate the stream in order to help facilitate the sale by Glencore of the Yauliyacu mine, adding that the consideration is a cash payment of US$150 million, less the aggregate value of any deliveries to Wheaton of silver produced in 2022 prior to closing. "Glencore was one of the first mining companies to recognize the value that is created for all stakeholders through the streaming model, and we thank them for their stewardship of this project and look forward to maintaining our strong partnership on existing and potential future developments," he added.
"Combined with the termination payment, Wheaton will have generated an absolute return of over 220% of the original investment," the company said in a statement.
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