TITLE

Barrick to sell 25 percent of Pascua-Lama output

PUB. DATE
October 2009
SOURCE
Mining Engineering;Oct2009, Vol. 61 Issue 10, p10
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article announces that the world's largest gold miner Barrick Gold Corp. will sell 25% of its Pascua-Lama silver production project in South America to Silver Wheaton Corp. Under the agreement, Silver Wheaton will pay Barrick 625 million U.S. dollars over three years plus 12 cents for every gram it mines from the Lagunas Norte, Pierina and Veladero mines for the next 25 years. The deal guarantees Silver Wheaton a silver production of 279 tons per year during the first five years.
ACCESSION #
45026403

 

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