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Silver Wheaton in $800M bought deal financing to acquire more gold stream

Silver Wheaton (NYSE:SLW) -3% AH after agreeing to sell ~$800M of stock to fund its purchase of an additional supply of gold from a Vale (NYSE:VALE) mine.
SLW says it will use the proceeds of the offering to fund its acquisition of an additional 25% gold stream from Vale’s Salobo Mine in Brazil, which is in addition to the 25% of the mine's gold production SLW acquired in 2013.
The deal raises SLW’s production and cash flow profile by adding expected average gold production of 70K oz./year for the first 10 years and 60K oz./year over the first 30 years.