Impact: Mildly Positive
Caldas Gold announced that it has entered into a definitive precious metals purchase agreement (precious metals stream) with a subsidiary of Wheaton Precious Metals Ltd. (TSX:WPM, Not Covered), on its 100%-owned Marmato project located in Colombia. We note that the terms of the stream were announced earlier this year, prior to the debt and equity financings. We believe this agreement bodes well for the company’s share price as it alleviates investor concerns on project funding and signals the advancement of the Marmato Deeps Zone (MDZ) to the next phase of development.
