Spanish Mountain Gold sells 1.5% royalty to Wheaton Precious Metals for $55M (WPM:NYSE)

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Spanish Mountain Gold has entered into a royalty agreement with Wheaton Precious Metals, selling a 1.5% net smelter return royalty on gold and silver produced from its project for $55 million. This deal involves Wheaton Precious Metals acquiring a future stream of revenue from Spanish Mountain Gold’s precious metal production.

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