Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

Silver Wheaton completes Penasquito transaction for US$485 million

Reading Time 1 minute read Subscribe



Silver Wheaton

On July 24, 2007, Silver Wheaton Corp. completed its previously announced acquisition from Goldcorp Inc. of 25% of the life of mine silver production from Goldcorp's Penasquito Project, located in Zacatecas, Mexico, for an upfront cash payment of US$485 million. In addition, Silver Wheaton will pay an ongoing per-ounce operating cost payment equal to the lesser of US$3.90 (subject to annual inflationary adjustments) and the prevailing market price per ounce of silver delivered under the contract. Fasken Martineau represented the Special Committee of Silver Wheaton with a team led by John Turner and including Krisztian Toth.



    Receive email updates from our team