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WPM Wheaton Precious Metals News Story

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Brief: BHP Group Announces Silver Streaming Transaction

Feb 17 (Reuters) - BHP Group Ltd BHP.AX:

ANNOUNCES SILVER STREAMING TRANSACTION

ENTERED INTO A LONG-TERM STREAMING AGREEMENT WITH WHEATON PRECIOUS METALS INTERNATIONAL LTD.

UNDER AGREEMENT, BHP WILL RECEIVE AN UPFRONT PAYMENT OF US$4.3 BILLION AT COMPLETION

BHP WILL DELIVER SILVER TO WHEATON CALCULATED BY REFERENCE TO ITS SHARE OF SILVER PRODUCED AT ANTAMINA MINE

WHEATON WILL ALSO PAY BHP 20% OF SPOT SILVER PRICE AT TIME OF DELIVERY FOR EACH OUNCE OF SILVER DELIVERED UNDER AGREEMENT

Further company coverage: BHP.AX

 ((Reuters.Briefs@thomsonreuters.com;))

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