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Glencore to sell future silver from Antamina mine to Silver Wheaton

Published 2015-11-03, 05:21 p/m
© Reuters.  Glencore to sell future silver from Antamina mine to Silver Wheaton
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Nov 3 (Reuters) - Glencore Plc GLEN.L has agreed to sell
future silver output from its stake in the Antamina copper mine
in Peru to Silver Wheaton Minerals SLW.TO for $900 million in
cash in a so-called "streaming" deal, Silver Wheaton said on
Tuesday.
Vancouver-based Silver Wheaton will also make ongoing
payments of 20 percent of the spot price for silver for every
ounce of metal delivered.

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