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Wheaton Precious Metals ( (TSE:WPM) ) just unveiled an announcement.
Wheaton Precious Metals has announced a strategic acquisition of a gold stream from Allied Gold’s Kurmuk Project in Ethiopia, marking the country’s first commercial gold mine. This agreement not only highlights Wheaton’s commitment to growth in emerging markets but also supports Allied’s efforts to optimize and finance the Kurmuk Project, which is expected to significantly contribute to the global precious metals mining industry by delivering substantial production and cash flow post-construction.
More about Wheaton Precious Metals
Wheaton Precious Metals is a prominent player in the precious metals streaming industry, offering financial flexibility to mining companies by purchasing a portion of their future production. The company focuses on acquiring high-quality precious metal streams and has a significant presence in the global mining sector.
YTD Price Performance: 27.41%
Average Trading Volume: 1,706,950
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $28.21B
See more insights into WPM stock on TipRanks’ Stock Analysis page.
