Streaming company Wheaton to list on LSE
Streaming company Wheaton Precious Metals will list on the London exchange on October 28, the company, which already trades in Toronto and New York, announced on Friday.
Wheaton enters into agreements to purchase all, or a portion, of the precious metals production from mines located around the world for an upfront payment and an additional payment upon the delivery of the precious metal.
Its listing brings the first senior precious metals streaming company to the LSE, the company stated.
"We are excited that a new investor audience will soon have the opportunity to share in our story. As a streaming company focused on precious metals, we believe Wheaton is the best way to invest in the sector and we are confident in the underlying market dynamics," said CEO Randy Smallwood.
Wheaton announced its intention to list in London in September.
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