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(Kitco News) – A new migration in the mining sector is starting as another company moves forward with its plans to list on the London Stock Exchange.
Friday, Wheaton Precious Metals Corp said that its Prospectus in support of the intention to list on the London Stock Exchange (LSE) had been approved by the UK Financial Conduct Authority (FCA).
Wheaton Precious Metals said that it expects that it expects the company will be trading on the LSE by Oct. 28.
“We are excited that a new investor audience will soon have the opportunity to share in our story. As a streaming company focused on precious metals, we believe Wheaton is the best way to invest in the sector and we are confident in the underlying market dynamics,” said Randy Smallwood, president and chief executive officer of Wheaton Precious Metals.
The streaming company is the second precious metals miner in as many weeks that has expanded its reach to London. Yamana Gold Inc. saw its share start trading on the LSE on Oct. 13.
Earlier this week, the Canadian Newspaper the Globe and Mail quoted unnamed sources at Kinross Gold, who said that the company is looking at moving forward with its plant to list on the LSE.
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