Wheaton Precious Metals Corp. (TSX:WPM) entered into a definitive agreement to acquire BLACKWATER GOLD STREAM from New Gold Inc. (TSX:NGD) for $300 million on December 13, 2021. New Gold will receive upfront cash consideration of $300 million from Wheaton upon closing of the transaction. Scotia Capital Inc. is acting as financial advisor to New Gold, and Davies Ward Phillips & Vineberg LLP is acting as New Gold's legal advisor.

Wheaton Precious Metals Corp. (TSX:WPM) completed the acquisition of BLACKWATER GOLD STREAM from New Gold Inc. (TSX:NGD) on December 22, 2021.