VANCOUVER – GOLDCORP has sold its entire 48% in SILVER WHEATON for approximately $1.5 billion. That represents a Silver Wheaton share value of approximately $14.50 each.
“Goldcorp was fundamental in the formation of Silver Wheaton, and is an excellent operating partner on two of our key assets, Penasquito and San Dimas,” said Silver Wheaton president and CEO Peter Barnes. “This sale removes a perceived overhang in our stock while increasing market liquidity significantly, making Silver Wheaton a much more appealing long term investment, particularly to institutional investors. With a strong shareholder base, this will now allow us to capitalize on our exceptional growth prospects, with nothing to hold us back.”
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