BHP GROUP LIMITED - BHP completes streaming transaction with Wheaton

BHP completes streaming transaction with Wheaton

BHP Group Limited
BHP Group Limited ABN 49 004 028 077
Registered in Australia
Registered Office: Level 18, 171 Collins Street Melbourne VIC 3000
Share code: BHG
ISIN: AU000000BHP4

Exchange release

2 April 2026


BHP completes silver streaming agreement with Wheaton Precious Metals

Further to BHP's announcement on 17 February 2026, BHP, through a wholly owned
subsidiary, has completed its long-term silver streaming transaction with Wheaton Precious
Metals International Ltd. (a wholly owned subsidiary of Wheaton Precious Metals Corp.)
(Wheaton) relating to BHP's share of silver production from the Antamina Mine in Peru.

Under the silver streaming agreement (the Agreement), BHP has received total upfront
consideration of US$4.3 billion (Upfront Consideration) from Wheaton.

In return for the Upfront Consideration and ongoing production transfer payments (payable
at 20% of the spot silver price per ounce of silver delivered pursuant to the Agreement), BHP
will deliver to Wheaton the equivalent of 33.75% of the silver produced by Antamina (subject
to a fixed payable rate of 90%). After 100 million ounces of silver have been delivered to
Wheaton, the stream will be reduced and BHP will deliver the equivalent of 22.5% of silver
produced by Antamina over the remaining life of mine. The settlement of the stream is
completed via metal credits with no physical delivery of silver to Wheaton.

About Wheaton

Wheaton is the world's largest precious metals streaming company, focused primarily on
gold and silver streaming agreements across a global portfolio of high-quality mining
operations. Its business model offers investors commodity price leverage and exploration
upside. Wheaton is committed to strong ESG practices and giving back to the communities
where Wheaton and its mining partners operate. Wheaton creates sustainable value through
streaming for all of its stakeholders.




Authorised for release by Stefanie Wilkinson, Group General Counsel and Group Company Secretary


Sponsor: J.P. Morgan Equities South Africa Proprietary Limited



BHP Group Limited ABN 49 004 028 077

Contacts

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BHP Group Limited
ABN 49 004 028 077
LEI WZE1WSENV6JSZFK0JC28
Registered in Australia
Level 18, 171 Collins Street
Melbourne
Victoria 3000 Australia
Tel: +61 1300 55 4757 Fax: +61 3 9609 3015

BHP Group is headquartered in Australia


bhp.com




BHP Group Limited ABN 49 004 028 077

Date: 02-04-2026 07:15:00
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