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HudBay Minerals Inc. (TSX:HBM,NYSE:HBM) announced that it has received a deposit payment of $125 million from Silver Wheaton Corp (TSX:SLW, NYSE:SLW) as part of a$750 million precious metals stream transaction.
HudBay Minerals Inc. (TSX:HBM,NYSE:HBM) announced that it has received a deposit payment of $125 million from Silver Wheaton Corp (TSX:SLW, NYSE:SLW) as part of a$750 million precious metals stream transaction.
As quoted in the press release:
Hudbay received the initial US$500 million deposit payment in September 2012 and will receive the final US$125 million deposit payment once it has incurred and paid US$1 billion in capital expenditures at its Constancia project in Peru.
To view the whole press release, click here.
