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BHP - silver streaming transaction
BHP entered into a long-term silver streaming agreement with Wheaton Precious Metals International Ltd., involving its 33.75% stake in the Antamina mine in Peru. BHP will receive an upfront payment of USD4.3 billion and will deliver 33.75% of the silver produced, subject to a 90% payable rate, with a reduction to 22.5% after 100 million ounces are delivered. Wheaton will pay BHP 20% of the spot silver price at delivery. The agreement, effective from 1 April 2026, aims to unlock capital, strengthen BHP’s balance sheet, and maximise shareholder value without increasing debt. The transaction is not subject to regulatory approval and is expected to close around April 2026.
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