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Silver Wheaton strikes deal with Vale S.A. for gold production

VANCOUVER – Silver Wheaton Corp. (TSX:SLW) says it has a long-term deal with a Vale S.A. to receive 25 per cent of the gold production from Vale’s Salobo mine in Brazil, and 70 per cent of the gold production from specific Sudbury, Ont., mines. Silver Wheaton will pay Vale US$1.9 billion in cash, plus 10 million Silver Wheaton warrants with a strike price of $65 and a term of 10 years.

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