Stressed balance sheets open opportunities for streamers
With the drop in the markets caused by COVID-19 restrictions, Wheaton Precious Metals CEO Randy Smallwood sees the potential for deals.Smallwood spoke to Kitco on Wednesday. Last week, the royalty and streaming company announced an at-the-market equity program allowing it to issue up to $300 million. Wheaton also has more resources to draw on due to elevated gold prices. Earlier this month, the company said it had $104 million of cash and cash equivalents on hand combined with over $1.1 billion of available capacity under its $2 billion revolving facility. (show less)
With the drop in the markets caused by COVID-19 restrictions, Wheaton Precious Metals CEO Randy Smallwood sees the potential for deals.Smallwood spoke to Kitco on Wednesday. Last week, the royalty and streaming company announced an at-the-market equity program allowing it to issue up to $300 million. Wheaton also has more resources to draw on due to elevated gold prices. Earlier this month, the company said it had $104 million of cash and cash equivalents ... (read more)
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