Barrick Closes Transaction
Silver Wheaton Corp (TSX:SLW) reports that it has completed its acquisition of silver from Barrick Gold Corporation.
Silver Wheaton has made a cash deposit of $212.5 million and will make three further deposits of $137.5 million on the anniversaries of September 22, 2009. Silver Wheaton will also make additional cash payments for each ounce of silver delivered by Barrick under the arrangement.
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Sun, Sep 27, 2009
Post by Melissa Pistilli, Silver Senior Reporter