WHEATON PRECIOUS METALS ANNOUNCES ACQUISITION OF A NEW SILVER STREAM FROM CAPSTONE’S COZAMIN MINE

20-12-11-Cozamin-Stream-FINAL

VANCOUVER, BC, Dec. 11, 2020 /CNW/ – Wheaton Precious Metals™ Corp. (“Wheaton” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Wheaton Precious Metals International Ltd. (“Wheaton International”) has entered into a definitive Precious Metal Purchase Agreement (the “Precious Metal Stream”) with Capstone Mining Corp. (“Capstone”) (TSX: CS) in respect to the Cozamin Mine located in Zacatecas, Mexico. Wheaton International will pay Capstone upfront cash consideration of US$150 million upon closing for 50% of the silver production until 10 million ounces (“Moz”) have been delivered, thereafter dropping to 33% of silver production for the life of the mine. In addition, Wheaton will make ongoing payments for silver ounces delivered equal to 10% of the spot silver price. The Precious Metal Stream is effective December 1, 2020.

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