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Gold/Mining/Energy : Silver prices

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To: aknahow who wrote (7402)	5/2/2006 11:21:23 AM
From: CommanderCricket	Read Replies (3) of 8010

Wondering what Garcia would do also as I own quite abit of SLW. Any guess on how would this affect Glencore's Yauliyacu mine and SLW latest purchase of silver? SLW made a downpayment for the annual purchases. Wonder if there was a stipulation against a hostile government? A snip from SLW press release awhile back. biz.yahoo.com snip "As previously reported, Silver Wheaton recently completed a silver purchase agreement with Glencore International AG ("Glencore"), owner of the Yauliyacu Mine, whereby Glencore will deliver 4.75 million ounces of silver per year to Silver Wheaton for twenty years. WGM has reported that, as at December 31, 2005, the Yauliyacu Mine had proven and probable silver reserves of 12.9 million ounces, measured and indicated silver resources of 52.2 million ounces and inferred silver resources of 64.7 million ounces." snip "Silver Wheaton's purchase agreement with Glencore provides for the delivery of 4.75 million ounces of silver per year for 20 years. Silver production at Yauliyacu in excess of 4.75 million ounces per year is to the credit of Glencore, and therefore a portion of the reserves and resources from Yauliyacu may relate to production which may be for the credit of Glencore."

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