Wheaton Precious Metals™ Corp.’s wholly-owned subsidiary, Wheaton Precious Metals International Ltd (WPMI), has entered into a definitive precious metals purchase agreement with Montage Gold Corp., regarding its Koné Gold Project located in Côte d’Ivoire.
Randy Smallwood, President and CEO of Wheaton Precious Metals, said:
“With essential permits in place coupled with its impressive scale, we believe the Koné Project stands out as one of the premier gold assets in Africa, and we are excited to partner with Montage to deliver a full financing package for its development.
“Supported by strong shareholder backing from the Lundin Group and Zijin Mining, the Koné Project is expected to significantly boost Wheaton’s near-term annual gold production and further strengthen our peer-leading growth trajectory. We look forward to collaborating with Montage’s outstanding team, whose extensive experience in West Africa has driven remarkable progress in de-risking the project and advancing it towards construction.”
Martino De Ciccio, CEO of Montage, commented:
“We are pleased to partner with Wheaton to deliver our strategy of creating a premier African gold producer, commencing with the construction of our Koné project in Côte d’Ivoire, which is set to become West-Africa’s next sizable, long-life, low production cost gold mine.
“Moreover, both companies share a commitment to delivering strong social and economic benefits to host countries, which underpins our goal of becoming the partner of choice for our local stakeholders. With strong shareholder backing, along with our partnership with Wheaton, we look forward to continuing to grow our presence in West Africa.”
Read the article online at: https://www.globalminingreview.com/exploration-development/24102024/wheaton-precious-metals-acquires-gold-stream-from-montage-golds-kon-project/