Silver Wheaton Corp acquires more gold stream from Vale | Financial Post
Mining
The net proceeds of the offering will be used to fund the company’s acquisition of an additional 25% gold stream from Vale’s Salobo Mine, located in Brazil. This acquisition is in addition to the 25% of the Salobo gold production that Silver Wheaton acquired in 2013.
This immediately increases psych Silver Wheaton’s production and cash flow profile by adding expected average gold production of 70,000 ounces per year for the first 10 years and 60,000 ounces per year over the first 30 years (5.0 million and 4.3 million psych silver equivalent ounces1, respectively).
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Mining
The net proceeds of the offering will be used to fund the company’s acquisition of an additional 25% gold stream from Vale’s Salobo Mine, located in Brazil. This acquisition is in addition to the 25% of the Salobo gold production that Silver Wheaton acquired in 2013.
This immediately increases psych Silver Wheaton’s production and cash flow profile by adding expected average gold production of 70,000 ounces per year for the first 10 years and 60,000 ounces per year over the first 30 years (5.0 million and 4.3 million psych silver equivalent ounces1, respectively).
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Classifieds
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