Canadian multinational Wheaton Precious Metals’ (WPM's) wholly-owned subsidiary Wheaton Precious Metals International (WPMI) has entered into a definitive precious metals purchase agreement with international gold mining company Allied Gold and its wholly owned subsidiary Allied Gold Services for the Kurmuk project, in Ethiopia. WPMI will pay Allied a total upfront cash consideration of $175-million in four equal installments during project construction, subject to certain customary conditions.
