Glencore to sell future silver from Antamina mine to Silver Wheaton
Nov 3 (Reuters) - Glencore Plc (Xetra: A1JAGV - news) has agreed to sell future silver output from its stake in the Antamina copper mine in Peru to Silver Wheaton Minerals for $900 million in cash in a so-called "streaming" deal, Silver Wheaton (Xetra: A0DPA9 - news) said on Tuesday.
Vancouver-based Silver Wheaton will also make ongoing payments of 20 percent of the spot price for silver for every ounce of metal delivered. (Reporting by Nicole Mordant in Vancouver; Editing by Cynthia Osterman)