Wheaton Precious Metals Strikes $300 Million Stream With KGL for Australia’s Jervois Copper Project

Overview

• Wheaton agreed to buy silver and gold by-products from KGL Resources’ Jervois Copper Project in Australia’s Northern Territory in a $300 million streaming deal.
• The package includes $275 million upfront, split into a $32 million early deposit and $243 million paid in four installments tied to build milestones.
• The agreement adds a $25 million cost-overrun facility to cover potential budget gaps during construction.
• The stream is tied to the Jervois tenements, and Wheaton coordinated technical work with KGL and signaled a potential future equity investment.
• This marks Wheaton’s first streaming transaction in Australia, extending its portfolio through a model that swaps upfront capital for a share of future metal output at set terms.