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BRIEF-Silver Wheaton says unit entered into early deposit precious metals purchase agreement

Published 2016-03-21, 06:27 p/m
© Reuters.  BRIEF-Silver Wheaton says unit entered into early deposit precious metals purchase agreement
WPM
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March 21 (Reuters) - Silver Wheaton Corp SLW.TO :
* Unit Silver Wheaton Ltd entered into a definitive early
deposit precious metals purchase agreement with Panoro Minerals
Ltd and its unit
* Early deposit precious metals purchase agreement in
respect of Cotabambas project located in Peru
* Under Cotabambas early deposit agreement, SWC will pay a
total cash consideration of $140 million
* SWC will be entitled to buy 100 percent of silver
production and 25 percent of gold production from Cotabambas
project
* Until Jan. 1, 2020, Panoro has a one-time option to
repurchase 50 percent of precious metals stream

Source text for Eikon: ID:nPn8KGH0Ca
Further company coverage: SLW.TO

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