VANCOUVER, Aug. 8, 2012 /CNW/ - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW) (NYSE:SLW) is pleased to announce that it has agreed to acquire from HudBay Minerals Inc. ("Hudbay") (TSX:HBM) (NYSE:HBM) 100% of the life of mine silver production from its currently producing 777 Mine ("777"), located in Canada, and 100% of the life of mine silver production from its Constancia Project ("Constancia"), located in southern Peru. In addition, Silver Wheaton has agreed to acquire 100% of the life of mine gold production from Hudbay's 777 Mine until Constancia satisfies a completion test, or the end of 2016, whichever is later. At that point, Silver Wheaton's share of gold production from 777 will be reduced to 50% for the remainder of the mine life.
SLW running away from stable CHILE to pursue PERU?
There the climate sure is not politically good for foreign miners.
It looks again that insiders at SLW decided to pad their pockets with cash, commissions, options, warrants and perks, prior to SLW's collapse at Pascua.
What a bunch of greedy anti socials.
PERU, does not justify the investment not now.
Perhaps 5 years ago.
Nothing against beautiful people of Peru, just a political reality that SLW acquired a 7 legs pink elephant, to REWARD ITS INSIDERS + NN's very highly. IMHO
inca dinka dew
Q2 earnings are expected to be announced after market hours on August 9, 2012Estimates: 0.410 | 0.369 | 0.330 (High | Mean | Low)
Right, so we should wait to buy at $19, like you said, correct? Dummy....
Crack House Rat has more class than Mr. $19.