Monday, July 28, 2014 4:47:47 PM
SLW made the secured loan to Barrick for Pascua Lama. Barrick couldn't open the mine because they underestimated the environmental costs, so SLW gets paid back in silver and gold from some of Barrick's other mines.
SLW makes money off this deal no matter what.
I think Barrick simply didn't realize that many South American countries are not banana republics anymore.
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