We had low commodity prices for almost 20 years. I think we're going to have high commodity prices for almost 20 years.
We're always looking at opportunities, but we certainly hope it will be sooner rather than later.
Chavez is rolling in oil money, which is making him bolder.
The superb quarterly results are indicative of the company's ability to deliver on its strategy of providing shareholders with superior returns through increasing gold production, strong earnings and cash flows, and the lowest cash costs in the industry.
We're looking to fill that gap as our production starts to go down six or seven years from now. And these mines, as everyone is learning, take longer and longer to drill out and to permit and build, so we're actively looking now.
While the prices (of acquisitions) are going up, the competition is actually lessening.
The record breaking earnings and production results are indicative of the company's ability to deliver value through successful acquisitions.
We believe that the increased purchase price is justified as a result of recent increases in gold prices, the exploration success at Red Lake ... and additional synergies and tax efficiencies that we expect to arise from a friendly transaction.
This is a spectacular deal for Silver Wheaton. It will be getting basically an additional four million ounces a year going forward for $150 million. It's very exciting for both sides.
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