- Silver Wheaton (SLW) agrees to acquire future silver output from Glencore's (OTCPK:GLCNF, OTCPK:GLNCY) stake in the Antamina copper mine in Peru for $900M cash.
- As part of the streaming deal, SLW also will make ongoing payments of 20% of the spot price for silver for every ounce of metal delivered.
- SLW says the deal immediately increases its production and cash flow profile by adding expected average silver production of 5.1M oz./year in 2016 and 2017, and 4.7M oz./year over the first 20 years.