Silver Wheaton Corp.
 (SLW)

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  • Thu, Feb. 11, 3:27 PM
    | Thu, Feb. 11, 3:27 PM | 55 Comments
  • Thu, Feb. 11, 9:13 AM
    | Thu, Feb. 11, 9:13 AM
  • Dec. 28, 2015, 12:57 PM
    • Much like oil/gas firms (hurt by fresh oil price declines), coal, gold, and silver miners are having a rough day. End-of-year tax and fund selling could be playing a role. Comex gold is down a moderate 0.6%, and Comex silver down 3.2%. The S&P is down 0.5%.
    • Notable coal decliners: Peabody Energy (BTU -13.6%), Westmoreland Coal (WLB -6.4%), CONSOL Energy (CNX -9%), and Cloud Peak Energy (CLD -4%).
    • Notable gold decliners: Goldcorp (GG -3.5%), Barrick Gold (ABX -3.1%), Newmont Mining (NEM -4%), Kinross Gold (KGC -3.8%), Gold Fields (GFI -6.7%), AngloGold Ashanti (AU -5%), Harmony Gold (HMY -6.5%), and Sibanye Gold (SBGL -4.2%).
    • Notable silver decliners: Silver Wheaton (SLW -3.8%), Pan American Silver (PAAS -3.6%), First Majestic Silver (AG -6.9%), Tahoe Resources (TAHO -4.9%), and Coeur Mining (CDE -5.8%).
    • ETFs: GLD, SLV, IAU, AGQ, PSLV, PHYS, USLV, SIVR, SGOL, ZSL, UGL, DGP, GTU, GLL, UGLD, DZZ, SLVO, GLDI, DSLV, OUNZ, DGL, DBS, DGZ, DGLD, USV, GEUR, UBG, GYEN, TONS, QGLDX
    | Dec. 28, 2015, 12:57 PM | 36 Comments
  • Oct. 14, 2015, 2:26 PM
    • Gold settles at three-and-a-half month highs, rallying $14.50 (+1.2%) to $1180/oz., as soft U.S. economic data and concerns over deflationary pressures in China add to expectations the Fed will delay any interest rate increases.
    • Gold is gaining more ground in electronic trading after the Fed Beige Book release.
    • The yellow metal's eighth gain in nine sessions has sent the SPDR Gold Trust ETF (GLD +1.5%) past its 200-day moving average, and gold miners have ripped higher, as evidenced by this month's 18% gain in the Market Vectors Gold Miners ETF (GDX +5.6%).
    • Top mining stocks including Barrick Gold (ABX +7.9%), Goldcorp (GG +8.5%), Kinross Gold (KGC +8.3%), Gold Fields (GFI +5.4%), Newmont Mining (NEM +5.4%), Agnico Eagle Mines (AEM +5.7%), Silver Wheaton (SLW +6.8%), Yamana Gold (AUY +6.7%), Franco Nevada (FNV +5%), Randgold (GOLD +4.8%) and AngloGold (AU +5.6%) are all sharply higher.
    • Other ETFs: NUGT, AGQ, GGN, DUST, SIL, USLV, ZSL, UGL, GLDX, DGP, GLL, UGLD, DZZ, SLVO, GLDI, SGDM, DSLV, ASA, SLVP, DGL, DBS, DGZ, RING, DGLD, PSAU, USV, TGLDX, GEUR, UBG, GYEN
    | Oct. 14, 2015, 2:26 PM | 70 Comments
  • Oct. 1, 2015, 4:36 AM
    • Looking to reduce its massive debt, Glencore (OTCPK:GLCNF) is in discussions with sovereign-wealth funds and Asian trading houses about selling up to a third of its agricultural business, which could be valued at $12B, the WSJ reports.
    • Glencore is also in negotiations over $1.5B in streaming deals in which the company would sell the rights to future royalties from its gold and silver operations in return for cash upfront. Vancouver-based Silver Wheaton (NYSE:SLW) could be a candidate for such deals.
    • The potential transactions are part of Glencore's plan to reduce its $30B in net debt by $10B by the end of 2016.
    • In South Africa, Glencore is axing another 340 jobs as it shuts depleted coal mines.
    • Shares are +5.6% at 96.7 pence in London and have recovered the losses made in Monday's 29% collapse.
    | Oct. 1, 2015, 4:36 AM | 2 Comments
  • Sep. 25, 2015, 8:22 AM
    • Silver Wheaton (NYSE:SLW) -2.2% premarket after saying it received reassessment notices from Canada's tax authorities, ordering it to pay C$353M ($265M) in back taxes.
    • SLW, which will be required to make a C$177M deposit with the CRA while it pursues a defense, says the notices are consistent with the proposal it had received in July from the CRA to tax ~C$715M of income earned by its foreign units during 2005-10.
    • SLW plans to file a notice of objection within the required 90-day period.
    | Sep. 25, 2015, 8:22 AM | 12 Comments
  • Sep. 16, 2015, 3:45 PM
    • Newmont Mining's (NEM +5.8%) stock price target is lowered to $22 from $24 by RBC analysts on the back of downward revisions to base metal price assumptions, including a ~15% reduction to the firm's 2015-19 average copper price assumptions.
    • NEM has significant leverage to copper prices through its Batu Hijau, Boddington and Phoenix mines, prompting the firm to reduce its EPS and cash flow/share estimates.
    • But for today at least, shares of gold miners are surging, following gold prices higher as optimism grows that the Fed will not raise rates tomorrow: ABX +7%, KGC +9.2%, GG +5.3%, AEM +6.9%, GFI +3%, SBGL +2.4%, FNV +4.7%, NGD +7.1%, AUY +9.1%, IAG +7.6%, BTG +4.1%, EGO +9.7%, SLW +7.1%.
    | Sep. 16, 2015, 3:45 PM | 3 Comments
  • Sep. 14, 2015, 6:57 PM
    • Silver Wheaton (NYSE:SLW) +3.6% AH after initiating its first ever normal course issuer bid for 20.23M common shares, representing 5% of total common shares outstanding.
    • SLW says its share price "does not currently reflect the high quality asset base underlying the company's robust business model," and that at current prices its shares "may represent the best investment option for our shareholders."
    | Sep. 14, 2015, 6:57 PM | 35 Comments
  • Sep. 14, 2015, 5:39 PM
    | Sep. 14, 2015, 5:39 PM | 1 Comment
  • Aug. 11, 2015, 7:49 PM
    • Silver Wheaton (NYSE:SLW) +2.3% AH after a mostly in-line Q2 earnings report, as a higher cost of sales and lower commodity prices sent profit lower by 15% Y/Y but revenues rose 10.7%.
    • SLW says it tallied record totals for attributable silver equiv. production of 10.9M oz. (7.2M oz. of silver and 50.5K oz. of gold), up 29% from 8.5M oz. in Q2 2014, and silver equiv. sales volume of 10M oz. (5.6M oz. of silver and 61K oz. of gold), up 34% from 7.5M oz. in the year-ago quarter.
    • SLW says its average realized sale price per silver equiv. oz. sold during Q2 fell more than 17% to $16.38.
    • Says it expects federal and provincial tax of ~C$190M, resulting from Canada Revenue Agency's proposal to tax ~C$715M of income earned by the company's foreign units during 2005-10.
    | Aug. 11, 2015, 7:49 PM
  • Jul. 20, 2015, 10:39 AM
    | Jul. 20, 2015, 10:39 AM | 123 Comments
  • Jul. 20, 2015, 9:14 AM
    | Jul. 20, 2015, 9:14 AM | 17 Comments
  • Jul. 17, 2015, 2:58 PM
    • Barrick Gold (ABX -4.9%) sinks to 24-year lows in Toronto trading, leading a rout among bullion miners as the yellow metal extends its selloff to five-year lows.
    • ABX is under particular pressure, as the fall in gold casts doubt on the company’s strategy of shedding assets to pay down its $12.9B debt, as it "becomes harder and harder to sell those assets at any kind of reasonable value if metal prices are unwinding," Macquarie analyst Ron Stewart says.
    • ABX reportedly is nearing a deal to sell its Zaldivar copper mine in Chile, and is looking for buyers for its 50% stake in its Kalgoorlie mine, among other properties.
    • NEM -2.6%, GG -5.7%, GFI -1.1%, KGC -5.2%, AEM -5.1%, NG -2.2%, AGI -6.6%, AU -5.7%, GOLD -2.5%, SBGL -4.2%, BTG -6.4%, IAG -7.6%, EGO -7.6%, HL -3.5%, NGD -8.4%, AUY -2.9%, RGLD -2.9%, FNV -3.6%, SLW -3.3%.
    • ETFs: GDX, NUGT, GGN, DUST, SIL, GLDX, SGDM, ASA, SLVP, RING, PSAU, TGLDX, GDXS, GDXX
    | Jul. 17, 2015, 2:58 PM | 111 Comments
  • Jul. 7, 2015, 9:14 AM
    | Jul. 7, 2015, 9:14 AM | 5 Comments
  • Jul. 7, 2015, 7:52 AM
    • Silver Wheaton (NYSE:SLW) -1.9% premarket after saying it received a proposal letter from the Canada Revenue Agency to reassess the company under various income tax rules.
    • The CRA is seeking to tax streaming income earned by the company's foreign units, and says SLW's taxable income should be increased by ~C$715M for the 2005-10 period.
    • SLW estimates it would be subject to federal and provincial tax of ~C$150M for the relevant taxation years if it would be assessed taxes on income from foreign subsidiaries on the same basis as its Canadian income.
    • SLW says it is not required to make any payment to the CRA at this time and that it intends to vigorously defend its tax filing positions.
    | Jul. 7, 2015, 7:52 AM | 20 Comments
  • Mar. 6, 2015, 2:42 PM
    | Mar. 6, 2015, 2:42 PM | 84 Comments
Company Description
Silver Wheaton Corp is a mining company engaged in sale of silver and gold.
Industry: Silver
Country: Canada