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Wheaton Precious Metals Corp

02:05 PM EST - Wheaton Precious Metals Corp : Announced that it has entered into a binding arrangement with Generation Mining Limited for a Precious Metal Purchase Agreement in respect to the Marathon Project located in Ontario, Canada. Said Randy Smallwood, Wheaton's President and Chief Executive Officer, "Wheaton is proud to support Gen Mining in the responsible development of the Marathon Project, recently projected to have one of the lowest operational carbon footprints of any mine in the world. While Wheaton will be streaming the byproduct platinum and gold from the mine, the primary metals the Marathon Project is forecast to produce are palladium and copper, which are crucial for the global transition to a low-carbon economy." Wheaton Precious Metals Corp shares T.WPM are trading down $0.38 at $53.25.