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BHP Group Limited completed a long-term silver streaming agreement with Wheaton Precious Metals, receiving US$4.3 billion upfront for 33.75% of Antamina Mine silver production.
BHP has finalized the silver streaming transaction announced on 17 February 2026, providing immediate liquidity of US$4.3 billion from Wheaton Precious Metals. This non-dilutive financing leverages BHP's Antamina Mine silver output without relinquishing ownership or operational control. Investors benefit from upfront cash inflow while retaining exposure to mine economics net of the stream. The structure delivers 33.75% of produced silver initially, stepping down to 22.5% post-100 million ounces, with payments at a discounted 20% of spot price, optimizing cash flows over the mine's life. Settlement through metal credits streamlines execution. This bolsters BHP's balance sheet for strategic capital allocation, debt reduction, or growth initiatives, underscoring effective monetization of byproduct streams in a premier copper asset.
Event Type
Disclosure
Voluntary
Variant
6-K
Current Report on Form 6-K
Material Agreement