The Vancouver-based precious metals streaming company announced the plan while posting a fourth quarter revenue increase of 29% to $258 million, up from $200 million last year.
Silver Wheaton Mining News
Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.
Silver Wheaton stock gets a boost from $800 million Vale goldstream buy.
The silver miner says Ottawa needs to press Mexican authorities to ensure Canadian investors are treated fairly.
“There’s a healthy appetite for streams right now.”
Proceeds of the offering, which is scheduled to close around April 7, will be used to repay debt.
The stock ignored news from Zambia where President Edgar Lungu said he would not allow the firm to lay off workers at its Mopani Copper Mine, as it mothballs it for 18 months.
The Vancouver-based streaming company says the deal immediately adds expected average silver production of 5.1 million ounces per year.
The alleged deals involve Glencore's Collahausi mine in Chile, as well as Antamina and Antapaccay copper mines in Peru.
Streaming company ups production 29% in Q2 and CEO Randy Smallwood says expansion opportunities abound in today's market.
Wildcat Silver Corporation (TSX-V: WS) ("Wildcat" or "the Company") announces that it has closed the $13 million private placement of 10 million common shares at a price of $1.30 per share with Silver Wheaton Corp. […]
Jittery investors sold in earnest this week on speculation that China is going on some kind of austerity kick, destined no doubt to wreak havoc on the civilized world.