Through its wholly-owned subsidiary, Silver Wheaton Cayman (SWC), dual-listed silver miner Silver Wheaton is acquiring an additional amount of gold equal to 25% of the life-of-mine gold production from Vale’s low-cost Salobo gold/copper mine, located in Brazil. This is in addition to Silver Wheaton’s 50% stake in Salobo gold production. SWC will pay an upfront cash consideration of $800-million for the increased gold stream and the ten-million Silver Wheaton common share purchase warrants previously issued will be amended to reduce the strike price from $65 a share to $43.75 apiece.
