Brief: Silver Wheaton says unit entered into early deposit precious metals purchase agreement

Panoro Minerals

21/03/2016 22:16

March 21 (Reuters) - Silver Wheaton Corp  SLW.TO : 
    * Unit Silver Wheaton Ltd entered into a definitive early 
deposit precious metals purchase agreement with Panoro Minerals 
Ltd and its unit 
    * Early deposit precious metals purchase agreement in 
respect of Cotabambas project located in Peru 
    * Under Cotabambas early deposit agreement, SWC will pay a 
total cash consideration of $140 million 
    * SWC will be entitled to buy 100 percent of silver 
production and 25 percent of gold production from Cotabambas 
project 
    * Until Jan. 1, 2020, Panoro has a one-time option to 
repurchase 50 percent of precious metals stream 
 
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