RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Randy Smallwood from WPM in Q3 Conference Call!Where does Goldcorp fit in as.....
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.