Precious Metals

Mining Weekly reported that Silver Wheaton is attempting to move into the gold space with the acquisition of gold streams from Vale’s Salobo and Sudbury mines for $1.9 billion in cash and ten-million warrants.

Mining Weekly reported that Silver Wheaton is attempting to move into the gold market with the acquisition of 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.

To view the whole Mining Weekly report, click here. 

Featured

MARKETS

Markets
TSX20197.61+15.69
TSXV702.09-3.49
DOW31261.90+8.77
S&P 5003901.36+0.57
NASD11354.62-33.88
ASX7145.60+81.10

COMMODITIES

Commodities
Gold1846.53+0.13
Silver21.75+0.03
Copper4.30+0.02
Palladium1968.65+11.53
Platinum957.67+3.19
Oil110.35-1.86
Heating Oil3.62-0.05
Natural Gas8.06-0.25

DOWNLOAD FREE REPORTS

×