Largest Public Mining Company to Pay $80M for Stake in Farallon Resources Ltd.’s (FRLLF.OB) Silver Production
Shares of Farallon Resources Ltd. (OTCBB: FRLLF) are up nearly 12 percent in afternoon trading, moving on word that the company has secured an agreement with a subsidiary of Silver Wheaton Corp., in which Silver Wheaton will purchase 75 percent of the silver produced from the Campo Morado polymetallic project in Guerrero State, Mexico, for $80 million. “We are very pleased to have completed this transaction with Silver Wheaton, which will greatly assist us in our plans to complete the G-9 Project. Silver Wheaton is the largest public mining company with a 100 percent of its operating revenue from silver…