Mining Weekly reported that Silver Wheaton has acquired gold streams from Vale’s Salobo and Sudbury mines for $1.9 billion in cash and ten-million warrants.
As quoted in the market report:
Under the agreement, Silver Wheaton would pay Vale $1.33-billion for gold equal to 25% of the life-of-mine production from its Salobo mine, located in Brazil, as well as $570-million for 70% of the gold production, for a 20-year term, from certain of its Sudbury mines, located in Canada.
There Is No Guide to Gold That is More Concise, Clear and Authoritative.Download our FREE Special Report, Is Gold a Good Investment? Gold Price Forecast 2015 .