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.

To view the whole Bloomberg report, click here.