Do you remember La Guitarra mine that Wheaton River sold to Genko Resources? Why did we sell the mine? Anyone remembers? Was it because it is mostly a silver mine? I understand the ore is now trucked to San Martin's refinery. Thanks for any help.
"Why did we sell the mine?"Low grade and a relatively small deposit ... It was a case of where an small owner/operator can make a good living at operating it, but for a large integrated mining company with lots of overheads it is just a nuisance ... Wheaton probably made more cash up front out of the selling price than it would have made over the next 5 years by mining it ... And since the silver is being refined at San Martin, WHT/GG is still getting a cut of the profits without the risk, lol ...Regards ...jc