REG - BHP Group Limited - BHP completes streaming transaction with Wheaton

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RNS Number : 1596Z  BHP Group Limited  02 April 2026

Exchange release

2 April 2026

 

BHP completes silver streaming agreement with Wheaton Precious Metals

 

Further to BHP's announcement on 17 February 2026, BHP, through a wholly owned
subsidiary, has completed its long-term silver streaming transaction with
Wheaton Precious Metals International Ltd. (a wholly owned subsidiary of
Wheaton Precious Metals Corp.) (Wheaton) relating to BHP's share of silver
production from the Antamina Mine in Peru.

Under the silver streaming agreement (the Agreement), BHP has received total
upfront consideration of US$4.3 billion (Upfront Consideration) from Wheaton.

In return for the Upfront Consideration and ongoing production transfer
payments (payable at 20% of the spot silver price per ounce of silver
delivered pursuant to the Agreement), BHP will deliver to Wheaton the
equivalent of 33.75% of the silver produced by Antamina (subject to a fixed
payable rate of 90%).  After 100 million ounces of silver have been delivered
to Wheaton, the stream will be reduced and BHP will deliver the equivalent of
22.5% of silver produced by Antamina over the remaining life of mine. The
settlement of the stream is completed via metal credits with no physical
delivery of silver to Wheaton.

About Wheaton

Wheaton is the world's largest precious metals streaming company, focused
primarily on gold and silver streaming agreements across a global portfolio of
high-quality mining operations. Its business model offers investors commodity
price leverage and exploration upside. Wheaton is committed to strong ESG
practices and giving back to the communities where Wheaton and its mining
partners operate. Wheaton creates sustainable value through streaming for all
of its stakeholders.

 

Authorised for release by Stefanie Wilkinson, Group General Counsel and Group
Company Secretary

 

 

BHP Group Limited ABN 49 004 028 077

 

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BHP Group Limited

ABN 49 004 028 077

LEI WZE1WSENV6JSZFK0JC28

Registered in Australia

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Melbourne

Victoria 3000 Australia

Tel : +61 1300 55 4757 Fax : +61 3 9609 3015

 

BHP Group is headquartered in Australia

 

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BHP Group Limited ABN 49 004 028 077

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