| | Published : March 23rd, 2011 | SILVER WHEATON REPORTS 9% IN ATTRIBUTABLE RESERVES, MARKING SIXTH CONSECUTIVE ANNUAL INCREASE |
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SILVER WHEATON REPORTS 9%
INCREASE IN ATTRIBUTABLE RESERVES, MARKING SIXTH CONSECUTIVE ANNUAL INCREASE
TSX: SLW
NYSE: SLW
VANCOUVER, March 23 /CNW/ - Silver
Wheaton Corp. ("Silver Wheaton" or the "Company")
(TSX, NYSE:SLW) is pleased to announce that attributable proven and
probable reserves increased by over nine percent in 2010, as a result of an
increase of 80 million ounces of silver and 23,000 ounces of gold, to a record
954 million silver equivalent ounces1. Over the same period,
attributable measured and indicated resources increased by one percent, as a
result of an increase of four million ounces of silver and 22,000 ounces of
gold, to 377 million silver equivalent ounces. Attributable inferred resources increased
by 22%, as a result of an increase of 89 million ounces of silver, to 497
million silver equivalent ounces.
Silver Wheaton's increase in 2010 attributable
reserves was a combination of acquisition and organic growth. The Company
acquired 100% of the life of mine silver and gold production from Augusta
Resource Corporation's Rosemont Copper Project located in Arizona, which
increased attributable reserves by approximately 7%. In addition, continued
exploration success at the mines from which Silver Wheaton purchases its silver
led to another year of strong organic reserve growth, more than replacing
reserves mined during the year.
The table below summarizes the growth in attributable
silver reserves year over year. Year end reserve and resource updates for the
Cozamin, Campo Morado and Aljustrel mines are forthcoming and have not been
included in this calculation.
|
|
Proven and probable silver reserves as of Dec. 31,
2009
|
861.8Moz
|
Net
acquisitions during 2010
|
62.9Moz
|
Mined ounces during 2010 (includes silver lost to
process)
|
(50.6)Moz
|
Organic
reserve growth during 2010
|
67.9Moz
|
Proven and probable silver reserves as of Dec. 31,
2010
|
942.0Moz
|
Proven and probable gold reserves as of Dec. 31,
2010
|
248koz
|
Total proven and probable silver eq. reserves as of
Dec. 31, 20101
|
954.4Moz
|
"We are very proud to announce our sixth
consecutive year of strong attributable silver reserve and resource
growth," said Peter Barnes, Chief Executive Officer of Silver Wheaton.
"More importantly, on a per share basis, attributable silver reserves have
increased in every year since the company's inception in 2004, growing at an
annualized rate of 36%, and resulting in the creation of significant shareholder
value."
"With silver stream agreements relating to 16
operating mines and three development stage assets around the globe, Silver
Wheaton now has more silver reserves and resources than any other silver
company in the world. In addition to completing accretive acquisitions,
consistent strong organic reserve growth from the mines underlying our
agreements has resulted in Silver Wheaton having one of the highest-quality
reserve and resource bases in the precious metals industry. Our core assets
continue to replace reserves mined each year, a testament to the very
high-quality, long-term sustainability of these mines."
1 A gold/silver ratio of 50:1
was used to calculate silver equivalent ounces
Silver Wheaton's
Attributable Reserves and Resources as of December 31, 2010
ATTRIBUTABLE PROVEN AND PROBABLE RESERVES (1,2,3,8,15,16)
AS OF DECEMBER 31, 2010 UNLESS OTHERWISE NOTED(6)
|
|
|
|
|
|
Proven
|
Probable
|
Proven & Probable
|
|
|
Tonnage
|
Grade
|
Contained
|
Tonnage
|
Grade
|
Contained
|
Tonnage
|
Grade
|
Contained
|
Process
|
SILVER
|
Mt
|
g/t
|
M oz
|
Mt
|
g/t
|
M oz
|
Mt
|
g/t
|
M oz
|
Recovery
% (7)
|
Pe?asquito (25%)
|
|
|
|
|
|
|
|
|
|
|
Mill
|
180.0
|
27.0
|
156.4
|
175.4
|
19.6
|
110.8
|
355.4
|
23.4
|
267.2
|
70%
|
Heap Leach
|
4.7
|
20.1
|
3.0
|
12.3
|
15.5
|
6.1
|
17.0
|
16.8
|
9.1
|
26%
|
San
Dimas(10)
|
2.1
|
364.0
|
24.8
|
3.8
|
314.7
|
38.1
|
5.9
|
332.5
|
62.9
|
94%
|
Pascua-Lama
(25%)
|
9.8
|
58.9
|
18.6
|
86.3
|
53.8
|
149.2
|
96.1
|
54.3
|
167.9
|
82%
|
Lagunas
Norte(11)
|
4.7
|
4.5
|
0.7
|
55.3
|
3.7
|
6.6
|
60.0
|
3.8
|
7.3
|
21%
|
Pierina(11)
|
18.8
|
12.7
|
7.7
|
11.6
|
12.6
|
4.7
|
30.4
|
12.7
|
12.4
|
37%
|
Veladero(11)
|
5.3
|
13.3
|
2.3
|
86.8
|
15.0
|
42.0
|
92.1
|
14.9
|
44.3
|
6%
|
Yauliyacu(12)
|
1.2
|
98.6
|
3.8
|
2.1
|
128.8
|
8.8
|
3.3
|
118.0
|
12.6
|
86%
|
Neves-Corvo
|
|
|
|
|
|
|
|
|
|
|
Copper
|
21.2
|
43.0
|
29.3
|
2.1
|
48.0
|
3.2
|
23.2
|
43.4
|
32.5
|
35%
|
Zinc
|
34.3
|
63.9
|
70.5
|
8.2
|
56.0
|
14.8
|
42.6
|
62.4
|
85.3
|
23%
|
Rosemont(13)
|
128.8
|
4.5
|
18.5
|
366.8
|
3.8
|
44.5
|
495.6
|
3.9
|
62.9
|
80%
|
Mineral
Park(13)
|
302.6
|
2.7
|
26.4
|
76.7
|
2.9
|
7.2
|
379.3
|
2.8
|
33.6
|
49%
|
Zinkgruvan
|
|
|
|
|
|
|
|
|
|
|
Zinc
|
8.3
|
105.0
|
28.1
|
2.7
|
63.0
|
5.4
|
11.0
|
94.8
|
33.4
|
70%
|
Copper
|
2.8
|
32.0
|
2.9
|
0.1
|
29.0
|
0.1
|
2.9
|
31.9
|
2.9
|
78%
|
Aljustrel
|
|
|
|
|
|
|
|
|
|
|
Zinc
|
-
|
-
|
-
|
13.1
|
62.9
|
26.6
|
13.1
|
62.9
|
26.6
|
37%
|
Copper
|
-
|
-
|
-
|
1.7
|
14.6
|
0.8
|
1.7
|
14.6
|
0.8
|
30%
|
Campo
Morado (75%)
|
0.4
|
273.7
|
3.5
|
1.1
|
186.6
|
6.4
|
1.5
|
210.0
|
9.9
|
55%
|
Stratoni
|
1.7
|
174.0
|
9.3
|
0.1
|
225.0
|
0.7
|
1.8
|
177.0
|
10.0
|
88%
|
Minto
|
7.8
|
5.4
|
1.3
|
5.1
|
4.9
|
0.8
|
12.9
|
5.2
|
2.1
|
81%
|
Cozamin
|
|
|
|
|
|
|
|
|
|
|
Copper
|
1.6
|
76.3
|
4.0
|
5.9
|
59.0
|
11.3
|
7.5
|
62.7
|
15.2
|
74%
|
Zinc
|
-
|
-
|
-
|
1.9
|
37.2
|
2.2
|
1.9
|
37.2
|
2.2
|
74%
|
Los
Filos(14)
|
62.7
|
4.4
|
8.9
|
185.9
|
5.4
|
32.1
|
248.6
|
5.1
|
41.0
|
5%
|
|
|
|
|
|
|
|
|
|
|
|
Total
Silver
|
|
|
419.7
|
|
|
522.3
|
|
|
942.0
|
|
GOLD
|
|
|
|
|
|
|
|
|
|
|
Minto
|
7.8
|
0.63
|
0.16
|
5.1
|
0.54
|
0.09
|
12.9
|
0.60
|
0.25
|
74%
|
Total
Gold
|
|
|
0.16
|
|
|
0.09
|
|
|
0.25
|
|
|
|
ATTRIBUTABLE MEASURED & INDICATED RESOURCES (1,2,3,4,5,9,15,16)
AS OF DECEMBER 31, 2010 UNLESS OTHERWISE NOTED(6)
|
|
|
|
|
Measured
|
Indicated
|
Measured & Indicated
|
|
Tonnage
|
Grade
|
Contained
|
Tonnage
|
Grade
|
Contained
|
Tonnage
|
Grade
|
Contained
|
SILVER
|
Mt
|
g/t
|
M oz
|
Mt
|
g/t
|
M oz
|
Mt
|
g/t
|
M oz
|
Pe?asquito (25%)
|
|
|
|
|
|
|
|
|
|
Mill
|
8.1
|
23.5
|
6.1
|
62.1
|
30.8
|
61.5
|
70.2
|
30.0
|
67.6
|
Heap Leach
|
0.1
|
11.1
|
0.02
|
1.0
|
15.8
|
0.5
|
1.0
|
15.6
|
0.5
|
Pascua-Lama
(25%)
|
4.5
|
25.5
|
3.7
|
48.0
|
24.4
|
37.7
|
52.5
|
24.5
|
41.4
|
Yauliyacu(12)
|
0.2
|
150.1
|
1.0
|
4.3
|
152.4
|
20.9
|
4.5
|
152.3
|
21.8
|
Neves-Corvo
|
|
|
|
|
|
|
|
|
|
Copper
|
16.7
|
55.9
|
30.1
|
1.9
|
55.7
|
3.4
|
18.6
|
55.9
|
33.5
|
Zinc
|
25.2
|
53.1
|
43.0
|
6.1
|
45.4
|
8.8
|
31.3
|
51.6
|
51.8
|
Rosemont(13)
|
7..2
|
3.9
|
0.9
|
103.0
|
2.7
|
8.8
|
110.2
|
2.7
|
9.7
|
Mineral
Park(13)
|
101.0
|
2.6
|
8.4
|
175.6
|
2.7
|
15.2
|
276.6
|
2.7
|
23.6
|
Zinkgruvan
|
|
|
|
|
|
|
|
|
|
Zinc
|
1.6
|
82.8
|
4.4
|
2.8
|
113.0
|
10.0
|
4.4
|
101.7
|
14.4
|
Copper
|
1.4
|
26.2
|
1.2
|
0.2
|
25.4
|
0.1
|
1.6
|
26.1
|
1.3
|
Aljustrel
|
|
|
|
|
|
|
|
|
|
Zinc
|
5..5
|
50.5
|
9.0
|
7.8
|
56.0
|
14.0
|
13.3
|
53.7
|
23.0
|
Copper
|
0.9
|
24.1
|
0.7
|
3.7
|
13.3
|
1.6
|
4.6
|
15.5
|
2.3
|
Campo
Morado (75%)
|
0.04
|
58.0
|
0.1
|
3.8
|
164.2
|
19.9
|
3.8
|
163.2
|
20.0
|
Loma
de La Plata (12.5%)
|
-
|
-
|
-
|
3.6
|
169.0
|
19.8
|
3.6
|
169.0
|
19.8
|
Minto
|
5.4
|
3.8
|
0.6
|
19.2
|
2.9
|
1.8
|
24.6
|
3.1
|
2.4
|
Cozamin
|
|
|
|
|
|
|
|
|
|
Copper
|
0.6
|
81.5
|
1.5
|
1.0
|
54.9
|
1.8
|
1.6
|
64.3
|
3.3
|
Keno
Hill (25%)
|
|
|
|
|
|
|
|
|
|
Underground
|
-
|
-
|
-
|
0.1
|
920.5
|
3.0
|
0.1
|
920.5
|
3.0
|
Elsa Tailings
|
-
|
-
|
-
|
0.6
|
119.0
|
2.4
|
0.6
|
119.0
|
2.4
|
Los
Filos(14)
|
13.0
|
4.0
|
1.7
|
125.1
|
5.4
|
21.9
|
138.1
|
5.3
|
23.5
|
|
|
|
|
|
|
|
|
|
|
Total
Silver
|
|
|
112.3
|
|
|
253.0
|
|
|
365.3
|
GOLD
|
|
|
|
|
|
|
|
|
|
Minto
|
5.4
|
0.47
|
0.08
|
19.2
|
0.24
|
0.15
|
24.6
|
0.29
|
0.23
|
Total
Gold
|
|
|
0.08
|
|
|
0.15
|
|
|
0.23
|
|
|
|
|
|
|
|
|
|
|
ATTRIBUTABLE INFERRED RESOURCES (1,2,3,4,5,9,15,16)
AS OF DECEMBER 31, 2010 UNLESS OTHERWISE NOTED (6)
|
|
|
Inferred
|
|
Tonnage
|
Grade
|
Contained
|
SILVER
|
Mt
|
g/t
|
M oz
|
Pe?asquito (25%)
|
|
|
|
Mill
|
10.2
|
30.8
|
10.1
|
Heap Leach
|
0.4
|
14.5
|
0.2
|
San
Dimas(10)
|
16.9
|
329.8
|
178.7
|
Pascua-Lama
(25%)
|
7.3
|
15.6
|
3.7
|
Yauliyacu(12)
|
16.8
|
176.6
|
95.1
|
Neves-Corvo
|
|
|
|
Copper
|
26.3
|
41.0
|
34.7
|
Zinc
|
26.8
|
52.8
|
45.5
|
Rosemont(13)
|
163.0
|
2.1
|
11.2
|
Mineral
Park(13)
|
320.1
|
2.3
|
23.9
|
Zinkgruvan
|
|
|
|
Zinc
|
5.1
|
70.0
|
11.5
|
Copper
|
1.0
|
33.0
|
1.0
|
Aljustrel
|
|
|
|
Zinc
|
10.6
|
48.6
|
16.6
|
Copper
|
2.2
|
11.7
|
0.8
|
Campo
Morado (75%)
|
1.1
|
177.8
|
6.1
|
Stratoni
|
0.7
|
217.0
|
4.7
|
Loma
de La Plata (12.5%)
|
0.2
|
76.0
|
0.4
|
Minto
|
6.0
|
2.8
|
0.5
|
Cozamin
|
|
|
|
Copper
|
2.4
|
52.6
|
4.0
|
Zinc
|
1.7
|
30.1
|
1.6
|
Keno
Hill (25%)
|
|
|
|
Underground
|
0.03
|
320.2
|
0.3
|
Los
Filos(14)
|
224.4
|
6.0
|
43.6
|
|
|
|
|
TOTAL
SILVER
|
|
|
494.3
|
GOLD
|
|
|
|
Minto
|
6.0
|
0.25
|
0.05
|
TOTAL
GOLD
|
|
|
0.05
|
Notes:
1.
|
All Mineral Reserves and Mineral Resources have been
calculated in accordance with the CIM Standards and NI 43-101, or the AusIMM
JORC equivalent.
|
2.
|
Mineral Reserves and Mineral Resources are reported
above in millions of metric tonnes ("Mt"), grams per metric tonne
("g/t") and millions of ounces ("Moz").
|
3.
|
Individual qualified persons ("QPs"), as
defined by the NI 43-101, for the Mineral Reserve and Mineral Resource
estimates are as follows:
|
|
a.
|
Pe?asquito - Guillermo
Pareja, Ph.D., P.Geo. (Manager, Mineral Resources), Peter Nahan, P.Eng.
(Senior Evaluation Engineer), both employees of Goldcorp Inc.
|
|
b.
|
San Dimas -Velasquez Spring, P.Eng. (Senior
Geologist, Watts, Griffis and McOuat Limited)
|
|
c.
|
Pascua-Lama - Dino Pilotto, P.Eng. (Principal Mining
Consultant, SRK Consulting (Canada) Inc.); Bart A. Stryhas, Ph.D., CPG
(Principal Resource Geologist, SRK Consulting (U.S.) Inc.)
|
|
d.
|
Yauliyacu - Neil Burns, M.Sc., P.Geo. (Director of
Geology, Silver Wheaton); Samuel Mah, M.A.Sc., P.Eng. (Director of
Engineering, Silver Wheaton), both employees of the Company (the
"Company's QPs")
|
|
The Company's QPs are responsible for overall
corporate review and all other operations and development projects.
|
4.
|
The Mineral Resources reported in the above tables
are exclusive of Mineral Reserves. The Minto, Cozamin,
Neves-Corvo, Zinkgruvan and Aljustrel mines report Mineral Resources
inclusive of Mineral Reserves. The Company's QPs have made the
exclusive Mineral Resource estimates for these mines based on average mine
recoveries and dilution.
|
5.
|
Mineral Resources which are not Mineral Reserves do
not have demonstrated economic viability.
|
6.
|
Mineral Reserves and Mineral Resources are reported
as of December 31, 2010, other than the following:
|
|
a.
|
Resources and Reserves for Yauliyacu are reported as
of July 31, 2010.
|
|
b.
|
Resources and Reserves for Neves-Corvo and
Zinkgruvan are reported as of June 30, 2010.
|
|
c.
|
Resources for Rosemont are reported as of October
22, 2008 and Reserves as of March 17, 2009.
|
|
d.
|
Resources for Mineral Park are reported as of
December 29, 2006.
|
|
e.
|
Resources and Reserves for Aljustrel are reported as
of December 31, 2007.
|
|
f.
|
Resources for Campo Morado's El Largo, El Rey,
Naranjo and Reforma deposits are reported as of February 29, 2008, Reserves
and Resources for the G-9 deposit as of December 31, 2009.
|
|
g.
|
Resources and Reserves for Stratoni are reported as
of August 10, 2010.
|
|
h..
|
Resources and Reserves for Cozamin are reported as
of December 31, 2009.
|
|
i.
|
Resources for Keno Hill are reported as of November
9, 2009 and April 22, 2010 for the Elsa Tailings.
|
7.
|
Process recoveries are the average percentage of
silver in a saleable product (dor? or concentrate) recovered from mined ore
at the applicable site process plants as reported by the operators.
|
8.
|
Mineral Reserves are estimated using appropriate
process recovery rates and commodity prices of $15.00 per ounce of silver,
unless otherwise noted below:
|
|
a.
|
Pascua-Lama, Lagunas Norte, Veladero and Pierina -
$16.00 per ounce.
|
|
b.
|
Yauliyacu
- $18.50 per ounce.
|
|
c.
|
Neves-Corvo - 1.6% Cu cut-off for the copper Reserve
and 4.3% Zn cut-off for the zinc Reserves above the 550 level and 6% Zn cut-off
for zinc Reserves below the 550 level.
|
|
d.
|
Rosemont
-$10.00 per ounce.
|
|
e.
|
Mineral
Park - $7.50 per ounce.
|
|
f.
|
Zinkgruvan - 3.1% Zn equivalent cut-off for the zinc
Reserve and 2.0% Cu cut-off for the copper Reserve
|
|
g.
|
Aljustrel - 1.5% Cu cut-off for all copper Reserves
and zinc cut-offs of 4.5%, 4.0% and 4.0%, respectively, for the Feitais,
Moinho and Esta??o zinc Reserves.
|
|
h.
|
Campo Morado - 3..0% Zn cut-off for the Abajo, West
Extension and South East zones and 5% Zn cut-off for the North zone.
|
|
i.
|
Minto - $3.90 per ounce silver and $300 per ounce
gold.
|
|
j.
|
Cozamin
- $4.00 per ounce.
|
9.
|
Mineral Resources are estimated using appropriate
recovery rates and commodity prices of $17.00 per ounce of silver, unless
otherwise noted below:
|
|
a.
|
Yauliyacu
- $18.50 per ounce.
|
|
b.
|
Neves-Corvo - 1.0% Cu cut-off for the copper Resource
and 3.0% Zn cut-off for the zinc Resource.
|
|
c..
|
Rosemont
- 0.2% Cu cut-off.
|
|
d.
|
Zinkgruvan - 3.1% Zn equivalent cut-off for the zinc
Resource and 1.5% Cu cut-off for the copper Resource.
|
|
e.
|
Mineral
Park - $7.50 per ounce.
|
|
f.
|
Aljustrel - 1.5% Cu cut-off for all copper Resources
and zinc cut-offs of 4.5%, 4.0% and 4.0%, respectively, for the Feitais,
Moinho and Esta??o zinc Resources.
|
|
g.
|
Campo Morado - 3.0% Zn only cut-off grade for the
G-9 zones and 5% Zn cut-off for the South West zone and El Largo, El Rey,
Naranjo and Reforma deposits.
|
|
h.
|
Loma
de La Plata - $12.50 per ounce
|
|
i.
|
Minto - $12.00 per ounce silver and $900 per ounce
gold.
|
|
j.
|
Cozamin - 1.15% Cu cut-off for San Roberto Area and
3.0% Zn cut-off for San Rafael Area.
|
|
k.
|
Keno Hill - $15.25 per ounce for the Southwest and
99 Zones, $14.50 per ounce for the East Zone and $17.00 per ounce for the
Elsa Tailings.
|
10.
|
The San Dimas purchase agreement provides that from
August 6, 2010 until August 5, 2014, Primero Mining Corp.
("Primero") will deliver to the Company a per annum amount equal to
the first 3.5 million ounces of payable silver produced at San Dimas and 50%
of any excess, plus the Company will receive an additional 1.5 million ounces
of silver per annum to be delivered by Goldcorp. Beginning August 6,
2014, Primero will deliver to the Company a per annum amount equal to the
first 6.0 million ounces of payable silver produced at San Dimas and 50% of
any excess, for the life of the mine.
|
11.
|
The Company's attributable tonnage at Lagunas Norte,
Pierina and Veladero was estimated by assuming 2010 production levels for the
remaining three years. This tonnage was pro-rated between Proven and
Probable Mineral Reserves according to the ratio of the December 31, 2010
Proven and Probable Mineral Reserves as published by Barrick Gold Corporation
("Barrick"), applying average reserve grades.
|
12.
|
The Company's Yauliyacu purchase agreement (March
2006) with Glencore International AG provides for the delivery of up to 4.75
million ounces of silver per year for 20 years. In the event that
silver produced at Yauliyacu in any year totals less than 4.75 million
ounces, the maximum amount to be sold to the Company in subsequent years will
be increased to make up the shortfall, so long as production allows.
Depending upon mine production levels, it is possible that these attributable
Resources and Reserves may not be completely mined before the agreement
expires.
|
13.
|
The Mineral Park and Rosemont Resources and Reserves
do not include the SX/EW leach material since this process does not recover
silver.
|
14.
|
Los Filos Resources and Reserves now include the
Bermejal deposit.
|
15.
|
The Company has filed a technical report for each of
its mineral projects considered to be material to the Company, being San
Dimas, Yauliyacu, Pe?asquito and Pascua-Lama, which
are available on SEDAR at www.sedar.com.
|
16.
|
Silver is produced as a by-product metal at all
operations with the exception of Keno Hill and the Loma de La Plata project;
therefore, the economic cut-off applied to the reporting of silver Resources
and Reserves will be influenced by changes in the commodity prices of other
metals at the time.
|
CAUTIONARY LANGUAGE REGARDING RESERVES AND RESOURCES
For further information on Mineral Reserves and
Mineral Resources and on Silver Wheaton more generally, readers should refer to
Silver Wheaton's Annual Information Form for the year ended December 31,
2009, and other continuous disclosure documents filed by Silver Wheaton
since January 1, 2010, available on SEDAR at www.sedar.com. Silver Wheaton's Mineral Reserves and Mineral Resources are subject to
the qualifications and notes set forth therein. Mineral Resources which are not
Mineral Reserves do not have demonstrated economic viability.
Cautionary Note to United States Investors Concerning
Estimates of Measured, Indicated and Inferred Mineral Resources: The information contained herein uses the terms "Measured",
"Indicated" and "Inferred" Mineral Resources. United States
investors are advised that while such terms are recognized and required by
Canadian regulations, the United States Securities and Exchange Commission
does not recognize them and expressly prohibits U.S. registered companies from
including such terms in their filings with the SEC. "Inferred Mineral
Resources" have a great amount of uncertainty as to their existence, and
as to their economic and legal feasibility. It cannot be assumed that all or
any part of an Inferred Mineral Resource will ever be upgraded to a higher
category. Under Canadian rules, estimates of Inferred Mineral Resources may not
form the basis of feasibility or other economic studies. United States
investors are cautioned not to assume that all or any part of Measured or
Indicated Mineral Resources will ever be converted into Mineral Reserves.
United States investors are also cautioned not to assume that all or any part
of an Inferred Mineral Resource exists, or is economically or legally
mineable. United States investors are urged to consider closely the
disclosure in Silver Wheaton's Form 40-F, a copy of which may be obtained from
Silver Wheaton or from http://www.sec.gov/edgar.shtml.
Mr. Randy V.J. Smallwood, P.Eng., President of Silver
Wheaton, is a "qualified person" as such term is defined under
National Instrument 43-101, and has reviewed and approved the contents of this
news release.
About Silver Wheaton
Silver Wheaton is the largest silver streaming company
in the world. Based upon its current agreements, forecast 2011 attributable
production is 27 to 28 million silver equivalent ounces, including 15,000
ounces of gold. By 2015, annual attributable production is anticipated to increase
significantly to approximately 43 million silver equivalent ounces, including
35,000 ounces of gold. This growth is driven by the Company's portfolio of
world-class assets, including silver streams on Goldcorp's Pe?asquito mine and
Barrick's Pascua-Lama project.
CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS
The information contained herein contains "forward-looking
statements" within the meaning of the United States Private Securities
Litigation Reform Act of 1995 and "forward-looking information"
within the meaning of applicable Canadian securities legislation.
Forward-looking statements, which are all statements other than statements of
historical fact, include, but are not limited to, statements with respect to
the future price of silver and gold, the estimation of mineral reserves and
resources, the realization of mineral reserve estimates, the timing and amount
of estimated future production, costs of production, reserve determination,
reserve conversion rates and statements as to any future dividends.
Generally, these forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements
that certain actions, events or results "may", "could",
"would", "might" or "will be taken",
"occur" or "be achieved". Forward-looking statements
are subject to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or achievements of
Silver Wheaton to be materially different from those expressed or implied by
such forward-looking statements, including but not limited to: fluctuations in
the price of silver and gold; the absence of control over mining operations
from which Silver Wheaton purchases silver or gold and risks related to these
mining operations including risks related to fluctuations in the price of the
primary commodities mined at such operations, actual results of mining and
exploration activities, economic and political risks of the jurisdictions in
which the mining operations are located and changes in project parameters as
plans continue to be refined; and differences in the interpretation or
application of tax laws and regulations; as well as those factors discussed in
the section entitled "Description of the Business - Risk Factors" in
Silver Wheaton's Annual Information Form available on SEDAR at www.sedar..com and in Silver Wheaton's Form 40-F on file with the U.S. Securities
and Exchange Commission in Washington, D.C. Forward-looking statements
are based on assumptions management believes to be reasonable, including but
not limited to: the continued operation of the mining operations from which
Silver Wheaton purchases silver or gold, no material adverse change in the
market price of commodities, that the mining operations will operate and the
mining projects will be completed in accordance with their public statements
and achieve their stated production outcomes, and such other assumptions and
factors as set out herein. Although Silver Wheaton has attempted to identify
important factors that could cause actual results to differ materially from
those contained in forward-looking statements, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can
be no assurance that forward-looking statements will prove to be accurate.
Accordingly, readers should not place undue reliance on forward-looking
statements. Silver Wheaton does not undertake to update any forward-looking
statements that are included or incorporated by reference herein, except in
accordance with applicable securities laws.
Click Here for a complete listing of
SilverWheaton press releases.
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|
VanEck Vectors Global Alternative Energy ETF
|
|
PRODUCER |
CODE : SLW.TO |
ISIN : CA8283361076 |
CUSIP : 828336107 |
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Silver Wheaton is based in Canada. Silver Wheaton produces silver, copper, gold, lead, silica and zinc in Canada, in Greece, in Mexico, in Peru, in Portugal and in Sweden, develops copper, gold, silver and zinc in Canada and in Chile, and holds various exploration projects in Argentina and in Portugal. Its main assets in production are ZINKGRUVAN in Sweden, KENO HILL (BELLEKENO) and MINTO MINE in Canada, SAN MARTIN - LUISMIN, PEÑASQUITO, LUISMIN and G-9 CAMPO MORADO in Mexico, YAULIYACU in Peru, STRATONI in Greece and NEVES-CORVO in Portugal, its main assets in development are PASCUA LAMA in Chile and KUTCHO CREEK in Canada and its main exploration properties are PROMOTORIO DURANGO and MONTOROS in Mexico, ALJUSTREL in Portugal and LOMA DE LA PLATA (NAVIDAD) in Argentina. Silver Wheaton is listed in Canada, in Germany and in United States of America. Its market capitalisation is 1.4 billions as of today (US$ 992.0 millions, € 902.8 millions). Its stock quote reached its lowest recent point on March 09, 2007 at 10.01, and its highest recent level on May 15, 2017 at 28.53. Silver Wheaton has 47 442 200 shares outstanding. |
In the News and Medias of VanEck Vectors Global Alternative Energy ETF |
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Project news of VanEck Vectors Global Alternative Energy ETF |
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Corporate news of VanEck Vectors Global Alternative Energy ETF |
4/1/2017 | Silver Wheaton Provides Details of Annual and Special Meetin... |
5/9/2016 | Silver Wheaton Declares Second Quarterly Dividend Payment fo... |
5/9/2016 | Silver Wheaton Announces Solid Start To 2016 |
1/29/2016 | Jason Hamlin Says Gold Is Unstoppable, With Miners Leading T... |
1/29/2016 | Sprott's Silver Call To Arms Takes Page From Saudi Oil Playb... |
1/29/2016 | David Morgan: A Bull’s Case For Silver |
1/28/2016 | Gold and Silver Rose before the Fed’s Meeting |
1/28/2016 | Silver Wheaton announces Early Deposit Precious Metals strea... |
1/28/2016 | Panoro Announces US$ 140 Million Precious Metals Streaming F... |
1/25/2016 | How Silver Mining Companies Are Performing |
1/20/2016 | CRA to commence audit on Silver Wheaton's 2011-2013 taxation... |
1/20/2016 | Silver Wheaton provides update on CRA dispute |
1/19/2016 | Plunge in US Stock Market Increases Demand for Safe Havens |
1/8/2016 | 2 Top RBC Gold Stock Picks for Investors Worried About a Cra... |
1/4/2016 | Silver Was Treading Water as 2015 Came to an End |
12/31/2015 | Silver Swings Up and Down after the Fed Meeting |
12/29/2015 | Silver Followed Gold’s Losses in 2015 |
12/28/2015 | How Silver Prices Are Influencing Major Silver Miners |
12/23/2015 | Traders look for rally in Silver Wheaton |
12/21/2015 | Precious Metals Alternate between Gains and Losses |
12/18/2015 | Silver Erased Its Gains from December 16 |
12/17/2015 | Could Gradual Hike Result in Gradual Loss for Precious Metal... |
12/16/2015 | Where Is the Gold-Silver Spread Headed? |
12/2/2015 | Veteran Investors Bob Moriarty and Adrian Day Interviewed by... |
12/2/2015 | Do Hedge Funds Love Silver Wheaton Corp. (USA) (SLW)? |
12/1/2015 | What Does Money Managers’ Positioning Tell You about Gold Pr... |
11/30/2015 | Gold Falls to Lowest Level since 2010 |
11/30/2015 | Is Live Nation Entertainment, Inc. (LYV) A Good Stock To Buy... |
11/24/2015 | Is People’s United Financial, Inc. (PBCT) Going to Burn Thes... |
11/5/2015 | Silver Lost Its Shine: Will It Impact Hedge Funds? |
11/4/2015 | Edited Transcript of SLW.TO earnings conference call or pres... |
11/3/2015 | Silver Wheaton reports 3Q loss |
11/3/2015 | Silver Wheaton Declares Fourth Quarterly Dividend Payment fo... |
11/3/2015 | Another Record Quarter of Silver Equivalent Production and S... |
10/28/2015 | Key for Investors: Is the Demand for Silver Growing? |
10/27/2015 | Time To Buy Silver Wheaton, Says Barclays |
10/23/2015 | Is Gold Recovering from the July Rout? |
10/21/2015 | Silver Mining ETFs Head to Head: SLVP vs. SIL |
10/20/2015 | How Has a Drop in Prices Affected Silver Investments? |
10/14/2015 | Assessing Silver and Gold in 2015 |
10/13/2015 | A Silver Lining in October 2015? |
10/13/2015 | A Closer Look at Gold’s Three-Month High on October 12 |
10/12/2015 | Dovish Fed Minutes Pushed Gold Lower |
10/7/2015 | Precious Metal Mining ETFs Head to Head: GDX vs. SIL |
10/7/2015 | Silver Reaches $16 Mark—What Lies Ahead? |
10/1/2015 | Silver Remains Bearish Owing to a Global Market Slump |
9/25/2015 | Silver Wheaton gets reassessment notices from Canada tax aut... |
9/18/2015 | Silver Wheaton Receives TSX Approval for a Normal Course Iss... |
9/14/2015 | Silver Wheaton Announces Initiation of Normal Course Issuer ... |
9/14/2015 | Silver Supply Is Not Unlimited |
9/14/2015 | Top Analyst Upgrades and Downgrades: AeroVironment, Gold Fie... |
9/1/2015 | ETF Investors Remained Net Sellers of Platinum and Palladium |
8/25/2015 | Gold Is Resilient until Further Direction from Global Market... |
8/17/2015 | After a Month of Crippling Losses, Silver Rises—Why? |
8/13/2015 | Silver Wheaton Faces Low Silver Price, Tax Inquiry |
8/12/2015 | Edited Transcript of SLW.TO earnings conference call or pres... |
8/11/2015 | Silver Wheaton to Release 2015 Second Quarter Results on Aug... |
8/11/2015 | Silver Wheaton meets 2Q profit forecasts |
8/11/2015 | Silver Wheaton profit falls about 15 pct |
8/11/2015 | Platinum Prices Fall as Investors and Miners Await Key Data |
8/10/2015 | What to Watch in the Day Ahead - Tuesday, Aug. 11 |
8/7/2015 | What to Watch in the Week Ahead and on Monday, Aug. 10 |
7/9/2015 | Bay Street Analysts Still Like Silver Wheaton |
7/7/2015 | Canada's Silver Wheaton gets CRA proposal to reassess income... |
7/6/2015 | ETF Holdings of Precious Metals Are Strong and Steady |
5/26/2015 | Hedge Funds Pulling Back From The Mining Industry ~ See Thei... |
5/8/2015 | Low Commodity Prices Upend Silver Wheaton Profits |
4/27/2015 | Silver Wheaton Announces Filing of Preliminary Base Shelf Pr... |
4/22/2015 | Notable option activity in equities |
4/9/2015 | to release 2015 first quarter results on May 7, 2015 |
4/3/2015 | Vale’s Gold Stream Agreement with Silver Wheaton Seems Posit... |
4/1/2015 | 10 Commodities Investments to Rev Up Your Portfolio |
3/18/2015 | Silver Wheaton misses 4Q profit forecasts |
3/10/2015 | Silver Wheaton Acquires Additional Gold Stream From Vale's S... |
3/10/2015 | Silver Wheaton Announces Amendment to Credit Facility |
3/10/2015 | Silver Wheaton announces US$800 million bought deal financin... |
3/4/2015 | PRESS DIGEST- Canada- March 4 |
3/3/2015 | Canada Stocks to Watch: BlackBerry, Scotiabank, Silver Wheat... |
3/3/2015 | IIROC Trade Resumption - SLW |
1/5/2015 | Canada Stocks to Watch: Silver Wheaton, Barrick, Energy Fuel... |
4/8/2014 | to Release 2014 First Quarter Results on May 8, 2014 |
1/22/2014 | Silver Wheaton to Release 2013 Fourth Quarter and Full Year ... |
11/11/2013 | Silver Wheaton declares fourth quarterly dividend payment fo... |
11/11/2013 | Silver Wheaton Reports Record Production for the Third Quart... |
10/31/2013 | Silver Wheaton provides update on Pascua-Lama and extends Ba... |
10/16/2013 | Silver Wheaton to Release 2013 Third Quarter Results on Nove... |
8/14/2013 | Silver Wheaton reports record second quarter and first half ... |
8/14/2013 | declares third quarterly dividend payment for 2013 |
7/1/2013 | provides update on Pascua-Lama |
5/29/2013 | Silver Wheaton announces US$1 billion term credit facility |
5/24/2013 | Barrick provides update on Pascua-Lama |
5/11/2013 | Silver Wheaton amends dividend policy and declares second qu... |
4/12/2013 | to release 2013 first quarter results on May 10, 2013 |
4/2/2013 | Silver Wheaton Provides Details of Annual Meeting of Shareho... |
4/2/2013 | Provides Details of Annual Meeting of Shareholders and Files... |
3/22/2013 | Silver Wheaton declares first quarterly dividend payment for... |
3/19/2013 | Silver Wheaton reports over 1 billion ounces of attributable... |
2/5/2013 | Silver Wheaton acquires gold streams from Vale's Salobo and ... |
1/16/2013 | to release 2012 fourth quarter and full year results on Marc... |
10/3/2012 | to release third quarter 2012 results on November 5th |
8/10/2012 | Silver Wheaton Declares Third Quarterly Dividend Payment for... |
8/10/2012 | Silver Wheaton Reports Record Quarterly Financial Results In... |
5/14/2012 | Silver Wheaton declares second quarterly dividend payment fo... |
10/6/2011 | To Release Third Quarter 2011 Results On November 9th |
7/28/2011 | Revises 2011 Attributable Production Guidance |
5/5/2011 | - 2011 First Quarter Results Conference Call and Webcast
... |
4/8/2011 | TO RELEASE FIRST QUARTER 2011 RESULTS ON MAY 9th |
8/6/2010 | finalizes amended silver purchase agreement in conjunction w... |
6/2/2010 | announces amended silver |
5/17/2010 | acquires right of first refusal on silver streams from Venta... |
4/1/2010 | files 2009 audited financial statements and provides details... |
3/5/2010 | reports record financial and operating results for 2009 |
3/1/2010 | reports record attributable reserves and resources in 2009 |
2/11/2010 | acquires life of mine silver and gold production from August... |
9/22/2009 | closes acquisition of silver production from Barrick Gold Co... |
9/8/2009 | Acquires 25% of Life of Mine Silver Production fromBarrick?... |
5/21/2009 | Acquisition of Silverstone Resources Corp. |
5/20/2009 | Approve Proposed Acquisition by Silver Wheaton |
12/9/2008 | ANNOUNCES ADOPTION OF SHAREHOLDER RIGHTS PLAN |
7/30/2008 | REPORTS EARNINGS OF US$23 MILLION AND RECORD OPERATING CASH ... |
4/3/2008 | MORE THAN TRIPLES BOTH SILVER RESERVES AND MEASURED AND INDI... |
3/17/2008 | Acquires Life of Mine Silver Production From Mercator Miner... |
2/25/2008 | Reports Record Annual Earnings and Operating Cash Flows |
2/14/2008 | GOLDCORP COMPLETES SALE OF ITS 48% INTEREST IN SILVER WHEATO... |
2/1/2008 | GOLDCORP ANNOUNCES SECONDARY OFFERING OF ITS ENTIRE 48% INTE... |
1/31/2008 | Recommends Rejection of Mini-Tender Offer by TRC Capital Co... |
12/20/2007 | Signs Binding Letter Agreement To Acquire Future Silver Pro... |
12/3/2007 | Goldcorp Updates Peñasquito and Luismin Silver Production E |
11/5/2007 | Acquires 11% Interest in Mines Management and Right of First... |
10/31/2007 | Reports Q3 Earnings Of Us$19 Million And Operating Cash Flo... |
6/25/2007 | Announces 50% Increase in Proven and Probable |
4/16/2007 | Acquire 25% Of Life Of Mine Silver Product |
3/30/2007 | Santa Rosa Silver Update-Assays to +1,500 g/t Silver; Phase ... |
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|