Wheaton invests $115 million plus silver stream in Mineral Park mine in Arizona

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Wheaton invests $115 million plus silver stream in Mineral Park mine in Arizona
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With support from Wheaton Precious Metals, the Mineral Park copper mine is again headed toward production. Credit: Origin Mining

Wheaton has also agreed to purchase 100% of the silver produced by the mine over the project life. Payable silver is calculated using a fixed payable factor of 90%. Mineral Park has a 12-year mine life, with the potential to extend production to over 20 years. Attributable production is forecast to average at least 690,000 oz. of silver per year for the first five years, rising to an average of 740,000 oz. over the life of the project.

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