RE:RE:Lack of news is certainly frustratingRight, so, for the silver production Panoro going to receive total $5,310.000.00 (90mln x $5.90) and + $450 for each gold pound. Not much but at least production cost will be covered.
ccrfmac wrote: Not all the silver and gold goes to PML.Your math has to take this into account....
"SWC will be entitled to buy all the silver and 25% ofthe gold output from Cotabambas, until 90 million silver equivalent ounces havebeen delivered, at which point the stream would be reduced to 66.67% of silverand 16.67% of gold production over the life of mine.
SWC will pay US$140.0 million, plus an ongoing productionpayment of the lesser of US$5.90 for each silver ounce and US$450 for each goldounce, both subject to an annual inflation adjustment, and the prevailing marketprice."