BHP Locks In US$4.3 Billion Silver Streaming Deal With Wheaton

BHP Group Ltd ( (AU:BHP) ) has issued an update.

BHP has completed a long-term silver streaming agreement with Wheaton Precious Metals covering its share of silver production from the Antamina copper-zinc mine in Peru. Under the deal, BHP receives US$4.3 billion in upfront consideration, strengthening its balance sheet and providing substantial immediate liquidity.

In exchange, BHP will deliver to Wheaton the equivalent of 33.75% of silver produced at Antamina, subject to a fixed payable rate, with the stream later reducing to 22.5% after 100 million ounces have been delivered. The transaction, settled through metal credits rather than physical delivery, monetises a portion of BHP’s by‑product silver output while preserving its core base metals exposure at Antamina.

The most recent analyst rating on (AU:BHP) stock is a Buy with a A$56.00 price target. To see the full list of analyst forecasts on BHP Group Ltd stock, see the AU:BHP Stock Forecast page.

More about BHP Group Ltd

BHP Group Limited is a global diversified resources company headquartered in Australia, with major operations in mining and metals. The group produces commodities such as iron ore, copper, coal and other minerals, serving industrial and infrastructure demand across key markets worldwide.

Average Trading Volume: 10,947,800

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$255.9B

Learn more about BHP stock on TipRanks’ Stock Analysis page.