IKN

More matter with less art

Congratulations, Randy Smallwood

It’s why they pay you the big bucks, right?

VANCOUVER, June 11, 2018 /CNW/ – Wheaton Precious Metals™ Corp. (“Wheaton” or the
“Company”) is pleased to announce that it has agreed to acquire from a
subsidiary of Vale S.A. (“Vale”) (NYSE:VALE) an amount of finished
cobalt equal to a fixed percentage of cobalt production from the
Voisey’s Bay mine (the “Cobalt Stream”). Wheaton will pay Vale upfront
cash consideration of US$390 million upon closing of the Cobalt Stream.
In addition, Wheaton will make ongoing payments of 18% of the Metal
Bulletin market price (“cobalt spot price”) per cobalt pound delivered
.

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