Capstone Mining Corp (fka CSFFF)

[Pennyes]

Wheatons investment in Capstone, another $300 Million Cash will be added to Capstones Cash position!....great news!

WHEATON PRECIOUS METALS ANNOUNCES ACQUISITION OF GOLD STREAM FROM CAPSTONE'S SANTO DOMINGO PROJECT
March 25, 2021
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TSX | NYSE | LSE: WPM

VANCOUVER, BC, March 25, 2021 /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 "Agreement") with Capstone Mining Corp. ("Capstone") (TSX: CS) in respect to the Santo Domingo project located in the Atacama Region, Chile. Upon closing, Wheaton International will purchase 100% of the payable gold production until 285 thousand ounces ("koz") have been delivered, thereafter dropping to 67% of payable gold production for the life of the mine. Wheaton International will pay Capstone a total upfront cash consideration of US$290 million (the "Upfront Payment"), $30 million of which is payable upon closing and the remainder of which is payable during construction of the Santo Domingo project, subject to customary conditions being satisfied, including Capstone attaining sufficient financing to cover total expected capital expenditures. In addition, Wheaton will make ongoing payments for gold ounces delivered (the "Production Payment") equal to 18% of the spot gold price1.




https://www.wheatonpm.com/news/pressreleases/News-Releases-Details/2021/Wheaton-Precious-Metals-Announces-Acquisition-of-Gold-Stream-from-Capstones-Santo-Domingo-Project/default.aspx