Silver Wheaton (SLW) agrees to acquire from Vale (VALE) an amount of gold equal to 25% of the...

|About: Silver Wheaton Corp. (SLW)|By:, SA News Editor

Silver Wheaton (SLW) agrees to acquire from Vale (VALE) an amount of gold equal to 25% of the life of mine gold production from its Salobo Mine in Brazil, and 70% of the gold production for a 20-year term from some of its Sudbury Mines in Canada. SLW will pay $1.9B in cash, 10M warrants and ongoing payments of the lesser of $400 or the prevailing market price for each ounce of gold delivered under the agreement.