Glencore to sell future silver from Antamina mine to Silver Wheaton

Reuters

Tue, Nov 3, 2015, 5:21 PM

Nov 3 (Reuters) - Glencore Plc has agreed to sell future silver output from its stake in the Antamina copper mine in Peru to Silver Wheaton Minerals for $900 million in cash in a so-called "streaming" deal, Silver Wheaton said on Tuesday.

Vancouver-based Silver Wheaton will also make ongoing payments of 20 percent of the spot price for silver for every ounce of metal delivered.

(Reporting by Nicole Mordant in Vancouver; Editing by Cynthia Osterman)

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Glencore to sell future silver from Antamina mine to Silver Wheaton

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