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Wheaton Precious Metals and Vale Base Metals Announce Achievement of First Phase Completion Test at Salobo
Wheaton Precious Metals and Vale Base Metals Announce Achievement of First Phase Completion Test ...
About this update from Wheaton Precious Metals Corp
[{"type":"text","content":"\n \n \n \n Wheaton Precious Metals and Vale Base Metals Announce Achievement of First Phase Completion Test at Salobo\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n and\n \n TORONTO\n \n \n ,\n \n \n Nov. 21, 2023\n \n \n /CNW/ - Wheaton Precious Metals™ Corp. (\"Wheaton\" or the \"Company\") (TSX | NYSE | LSE: WPM), Wheaton Precious Metals International Ltd. (\"Wheaton International\") and Vale Base Metals Limited (\"VBM\") (NYSE:VALE) are pleased to announce the successful completion of the throughput test for the first phase of the Salobo III expansion project, a significant milestone that demonstrates increased reliability and continued strong performance at VBM's flagship copper project in\n \n Brazil\n \n . The test required VBM's Salobo complex to run at an average annualized throughput of 32 million tonnes per annum (\"Mtpa\") for a period of 90 days. VBM confirmed completion of the test on\n \n November 17, 2023\n \n , with an average throughput of 32.3 Mtpa.\n \n \n \"As a cornerstone asset in Wheaton's portfolio, Salobo is once again proving itself to be a top-tier operation. The ramp-up of the expansion at the Salobo Mine has not only met but surpassed our expectations, and we extend our sincere congratulations to the Vale Base Metals team in achieving this significant milestone,\" said\n \n Randy Smallwood\n \n , President and Chief Executive Officer of Wheaton. \"An accomplishment of this magnitude is made possible by the dedication of the on-site team and their commitment to operational excellence. These efforts have resulted in significant enhancements to both Salobo's reliability and operational performance, and we continue to forecast meaningful production from Salobo over the next several years. As the expansion project advances, we look forward to our continued partnership with Vale Base Metals as they embark on this exciting next phase of growth.\"\n \n \n \"This is a great accomplishment for the Salobo teams and our entire organization,\" said VBM Chief Executive Officer Des...