Wheaton Precious Metals to acquire precious metals assets from Capstone Mining for $290m.

Wheaton Precious Metals, a precious metal streaming company, agreed to acquire precious metals assets from Capstone Mining, a base-metals producer with two producing copper mines, for $290m. Wheaton will receive 100% of the gold production from the Project until 285k ounces have been delivered, thereafter dropping to 67% of the gold production. Wheaton will make ongoing payments equal to 18% of the spot gold price, until the Deposit has been reduced to zero, thereafter increasing to 22% of the spot gold price upon delivery.