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Wheaton acquires gold and silver streams on Artemis’s Blackwater project

Published by , Editor
Global Mining Review,

Wheaton Precious Metals™ Corp. has entered into a definitive agreement to acquire the existing gold stream held by New Gold Inc., in respect of gold production from the Blackwater Gold Project located in British Columbia, Canada.

In addition, the company has entered into a Precious Metal Purchase Agreement with Artemis Gold Inc. in respect of silver production from the Blackwater Project.

Randy Smallwood, Wheaton’s President and Chief Executive Officer, comments:

“The acquisition of the gold and silver streams on the Blackwater Project further enhances and diversifies Wheaton's existing portfolio of low-cost, high-quality, long-life mines. With strong ESG commitments at every stage of development, compelling economics and significant exploration upside potential, Blackwater incorporates many of the attributes we seek for accretive growth.

“Artemis’s approach of disciplined, responsible resource development aligns well with our own focus on promoting industry-leading mining practices. We are proud to partner with Artemis in the advancement of the Blackwater Project, which we believe is on track to develop into a top-tier operation, producing socially and environmentally sound minerals, right in our own backyard.”

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