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Cube Psytech Holdings Inc. T.P


Primary Symbol: P.CUUB

Cube Psytech intends to trade on the Canadian Security Exchange. There is no date set for the closing of their Initial Public Offering at this time.


P.CUUB - Post by User

Comment by the_ocotilloon Aug 15, 2017 8:51pm
191 Views
Post# 26585646

RE:RE:Key is WPM

RE:RE:Key is WPMAnother interesting sidenote on the San Dimas stream, according to the WPM website,

"On August 6, 2010, Goldcorp completed the sale of the San Dimas mine to Primero. In conjunction with the sale, Wheaton Precious Metals amended its silver purchase agreement relating to the mine. The term of the silver purchase agreement, as it relates to San Dimas, was extended to the life of mine. Primero will deliver to the Company a per annum amount equal to the first 6 million ounces of payable silver produced at San Dimas and 50% of any excess. Goldcorp will continue to guarantee the delivery by Primero of all silver produced and owing to the Company until 2029. In addition, Goldcorp will continue to deliver to Wheaton Precious Metals the silver produced by the Los Filos mine".

Of interest is the last couple of sentences about Goldcorp guaranteeing the silver delivery by Primero until 2029, the original date of the streaming agreement. I don't know what the last sentence about the Los Filos mine means, I think Goldcorp sold that mine earlier this year and I didn't see any silver production associated with that mine output, but I could be wrong.
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