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Silver Wheaton Looking for Additional Purchases
Bloomberg reported that Silver Wheaton is actively pursuing another deal on the heels of their $1.9 billion purchase for gold from Vale SA.
As quoted in the market report:
The company, whose model of paying for mining companies’ future gold and silver by-product to help fund projects is known as streaming, has more than $1 billion in available cash and revolving credits for purchases in the Americas, Chief Executive Officer Randy Smallwood said.