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Company Description (as filed with the SEC)
Silver Wheaton Corp. (“Silver Wheaton” or “the Company”) is engaged in the
silver mining business.
On October 15, 2004, the Company entered into an agreement to purchase all of
the silver produced by Wheaton River Minerals Ltd’s (“Wheaton River”) Luismin
mining operations in Mexico for a payment equal to the lesser of US$3.90 or the
prevailing market rate per ounce of delivered silver, subject to adjustment
(Note 3). On April 15, 2005, Wheaton River amalgamated with Goldcorp Inc. to
form Goldcorp Inc. (“Goldcorp”) and the silver purchase agreement with Silver
Wheaton was assumed by Goldcorp.
In addition, on December 8, 2004, the Company entered into an agreement to
purchase all of the silver produced by Lundin Mining Corporation’s Zinkgruvan
mine in Sweden for a payment equal to the lesser of US$3.90 or the prevailing
market rate per ounce of delivered silver, subject to adjustment (Note 3). ... More ...
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