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Stock impact report

BHP Antamina Silver Stream Reshapes Funding Mix And Commodity Exposure [Yahoo! Finance]

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) 
US:NYSE Investor Relations: bhp.com/investor-centre
Company Research Source: Yahoo! Finance
BHP Group (ASX:BHP), through a subsidiary, has completed a long term silver streaming agreement with Wheaton Precious Metals International. The deal covers BHP's share of silver production from the Antamina Mine in Peru. Wheaton is making an upfront cash payment of US$4.3b in exchange for a future share of silver output. For you as an investor, this move sits at the intersection of mining operations and financing choices. BHP Group is best known for large scale iron ore, copper and other commodities, while Antamina in Peru is a major source of copper and byproduct metals such as silver. Streaming agreements like this convert a portion of future byproduct output into upfront cash, which can influence how a diversified miner funds projects or manages its balance sheet. This silver stream is one of the larger transactions of its kind for ASX:BHP and indicates a different way of handling non core metals that come with copper production. Investors watching BHP may focus on how thi Show less Read more
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