Wheaton Precious Metals International Ltd. agreed to acquire Santo Domingo project located in the Atacama Region from Capstone Mining Corp. (TSX:CS) for $290 million on March 25, 2021. The consideration of $30 million is payable upon closing and the remainder $260 is payable during construction of the Santo Domingo project. In addition, Wheaton will make ongoing payments for gold ounces delivered (the “Production Payment”) equal to 18% of the spot gold price until the value of gold delivered less the cumulative Production Payments is equal to the upfront consideration of $290 million, at which point the Production Payment will increase to 22% of the spot gold price. The transaction will be financed from Wheaton revolving credit facility. The transaction is subject to customary conditions being satisfied, including Capstone attaining sufficient financing to cover total expected capital expenditures and certain corporate matters. Closing of the transaction is expected to occur shortly following announcement. The addition of the Santo Domingo project will increase Wheaton's estimated Proven and Probable gold reserves by 0.51 Moz, Measured and Indicated gold resources by 0.12 Moz and Inferred gold resources by 0.03 Moz. GenCap Mining Advisory Ltd. acted as financial advisor to Capstone Mining Corp. In Chile, Pablo Mir , Felipe Allende, Alonso Calderón and Francisco Miranda of Blake, Cassels & Graydon LLP acted as a legal advisor to Wheaton Precious Metals International Ltd. In Canada, McCarthy Tétrault LLP acted as a legal advisor to Wheaton Precious Metals. In Chile, Juan Andrés Bretón, Roberto Carrillo and Joaquín Deck. of FerradaNehme acted as a legal advisor to Capstone Mining Corp. (TSX:CS). In Canada, Samantha Rossman, Steven McKoen, Bob Wooder  and Sarah Manifold of Blake, Cassels & Graydon LLP acted as legal advisor to Capstone Mining Corp. (TSX:CS). Fort Capital Partners acted as financial advisor to Wheaton Precious Metals International Ltd.

Wheaton Precious Metals International Ltd. completed the acquisition of Santo Domingo project located in the Atacama Region from Capstone Mining Corp. (TSX:CS) on April 21, 2021.