VANCOUVER, May 24, 2013 /CNW/ - Silver Wheaton Corp. ("Silver Wheaton"
or the "Company") (TSX:SLW) (NYSE: SLW) has today been notified by
Barrick Gold Corporation ("Barrick") that Barrick is currently
reviewing a resolution that it has received on the Pascua-Lama project
by Chile's Superintendent of the Environment (Superintendencia del
Medio Ambiente or "SMA").
The SMA requires Barrick to complete Pascua-Lama's water management
system in accordance with the project's environmental permit before
resuming construction activities in Chile and has levied a $16 million
fine against Barrick.
"We remain confident in Barrick's ability to develop Pascua Lama into
one of the world's great gold / silver mines," said Randy Smallwood,
President and Chief Executive Officer of Silver Wheaton. "Barrick has
continued to show a strong commitment to exceeding regulatory
compliance and protecting the environment, and it is worth highlighting
that there have been no negative environmental impacts at Pascua Lama
to date. We remain confident in Barrick's commitment to this project,
and look forward to seeing this issue resolved. Silver Wheaton looks
forward to a long term partnership with Barrick on Pascua-Lama."
SOURCE: Silver Wheaton Corp.
For further information:
Vice President, Investor Relations
Silver Wheaton Corp.