Gold Wheaton Gold Corp. (Gold Wheaton) purchases the gold by-product streams from existing mines or mines moving through construction. As of August 22, 2008, the Company executed a purchase agreement with FNX Mining Company Ltd. (FNX) to purchase 50% of the contained gold, platinum and palladium in ore mined and shipped from certain of the existing mining operations owned by FNX located in northern Ontario. FNX produces, develops and explores for nickel, copper, cobalt, platinum, palladium and gold in Canada's prolific Sudbury mining camp. On June 12, 2008, the Company entered into a letter of intent with Redcorp Ventures Ltd. (Redcorp) , pursuant to which, the Company agreed to purchase 100% of the life of mine payable gold production from Redcorp’s Tulsequah Chief Mine located in British Columbia and any other mines within a defined project area.