Rio2 Limited (TSX-V:RIO, OTCQX:RIOFF) CEO Alex Black joined Proactive to discuss its precious metals purchase agreement with Wheaton Precious Metals International Ltd., a wholly-owned subsidiary of Wheaton Precious Metals Corp (LSE:WPM, TSX:WPM, NYSE:WPM) in relation to the company’s Fenix Gold Project in Chile.
Black says the gold stream agreement is one of the components of the mine construction financing totaling approximately US$125 million to US$135 million to finance the construction of a mine at the 100%-owned Fenix Gold Project.