Silver stream?So, with this 12.5% repurchase agreement, Taseko is also getting back 12.5% of the silver stream. When they got this back last year, they resold the silver stream to Osisko for $10.3 million plus $50k per year.
I have been digging around, based upon Osisko's site, the silver stream from Gibraltar is about 266,000-300,000 ounces a year total. That puts the 12.5% silver stream at about 35,000 ounces of silver a year--$1 million plus in value per year with silver at $24 per ounce.
So just the silver stream pays for about 25% of the repurchase payment of $4 million annually.