More Major Miners Seeking Financing: Silver Wheaton

Bloomberg reported that miner financing firm Silver Wheaton says that a growing number of major miners are seeking financing in an attempt to boost returns in a challenging market.

As quoted in the market report:

Silver Wheaton, which helps miners pay for projects in exchange for a discount on their silver and gold output, has traditionally talked to smaller miners unable to tap debt and equity markets, said Chief Executive Officer Randy Smallwood. The Vancouver-based firm has seen increased interest recently from metal producers with market values “up into the tens and hundreds of billions,” he said.

To view the full Bloomberg report, click here.