Dual-listed Silver Wheaton has signed a nonbinding term sheet with Panoro Minerals and its wholly owned subsidiary Cordillera Copper to enter into an early deposit precious metals purchase agreement for the Peru-based copper-gold-silver Cotabambas project. The agreement would allow Silver Wheaton, which would provide Panoro with multiyear support and liquidity, to “get a foot in the door” on an early-stage project and position itself for the next cycle in base metals, said Silver Wheaton president and CEO Randy Smallwood in a statement on Thursday.
