Seeking Alpha

Silver Wheaton Corp. (SLW)

  • Jul. 22, 2013, 10:14 AM
    Metal miners is the strongest sector in early trading as gold futures climb as high as $1,325/oz.: GDX +4.9%, GDXJ +5.8%, NUGT +15.1%. Newmont Mining (NEM +4.6%) tops all S&P 500 gainers; also RGLD +6%, ABX +5.3%, GG +4.6%, KGC +4.6%, BVN +4.2%, GFI +3.8%. Silver miners (SIL +4.4%): CDE +7%, SLW +5.6%, HL +3.2%.
  • Jul. 16, 2013, 3:18 PM
    Gold (GLD +0.4%) gains again, sending the price to a 3-week high of $1,290/ounce and the miners (GDX +4.2%), (PSAU +3.3%) are responding. "Never let a serious crisis go to waste," says the JPMorgan team, paraphrasing Rahm Emanuel. The bear market is forcing managements to not only cut costs, but to consider restructuring from "a shape that was optimized for the 12 year bull market in gold to one that is more suited to a future with less available liquidity." Barrick (ABX +5.2%), Goldcorp (GG +3.9%), Gold Fields (GFI +4.4%), NovaGold (NG +3.2%). Don't forget the silver miners (SIL +3.1%): Hecla (HL +4.5%), Silver Wheaton (SLW +3.9%), Coeur (CDE +5.8%).
  • Jul. 15, 2013, 9:06 AM
    Barrick Gold's (ABX +0.8%) Pascua-Lama gold mine in the Andes is set to receive yet another a blow, with a Chilean court expected to unanimously order the continued suspension of work on the $8.5B project. The court, which is due to rule today, froze construction at the site in April to consider claims by indigenous communities that the work has damaged glaciers and water supplies. Barrick will probably appeal a negative ruling, which could also affect Silver Wheaton (SLW) and Royal Gold (RGLD).
  • Jul. 11, 2013, 10:09 AM
    The materials sector is a big early outperformer, showing all-around strength among steelmakers (SLX +3.4%) and gold miners (GDX +5%) after Bernanke indicated the Fed is unlikely to scale back stimulus earlier than expected. GFI +8.4%, ABX +6%, RIO +5.9%, GG +5.2%, SLW +5.1%, BHP +5.1%, MT +5%, HL +4.6%, SLV +4.8%, HL +4.8%, CLF +4.5%, NEM +3.4%, FCX +3.2%, X +2.4%.
  • Jul. 5, 2013, 9:04 AM
    Precious metals miners prepare for another beating after June non-farm payrolls topped estimates, sending the dollar higher and gold prices tumbling. GDX -2.7%, ABX -2.8%, AU -5.3%, NEM -1.9%, GG -2.9%, AUY -4.2%, SLW -2%, KGC -3.7%, GOLD -2.9%, EGO -3.4%, AEM -3.1% premarket.
  • Jul. 1, 2013, 5:25 PM
    Silver Wheaton (SLW) provides an update on the Pascua-Lama project, on which SLW has a silver streaming agreement with Barrick Gold (earlier); SLW says it will not cancel the agreement as long as ABX is still advancing construction of Pascua-Lama at the end of 2015. SLW cuts its 2017 production forecast to 49M silver equiv. oz. from 53M to reflect the delay; 2013 production is still expected at 33.5M silver equiv. oz.
    | 1 Comment
  • Jul. 1, 2013, 11:24 AM
    Oppenheimer technical analyst Carter Worth thinks the charts for gold and gold miners are so bad they're good, predicting bullion to rally 12.5% to $1,395/oz. and the miners ETF (GDX +1.2%) to climb 10%. AngloGold (AU +2.6%), Goldcorp (GG +1%), Barrick (ABX -3.2%), Newmont (NEM -1.2%) and Silver Wheaton (SLW +3.2%) are among several gold stocks Worth thinks are buys.
  • Jul. 1, 2013, 8:19 AM
    While some say Barrick Gold (ABX) should walk away from its Pascua-Lama project after the latest production delay, that wouldn't be easy: Once complete, the mine would produce 800K-850K oz./year at all-in sustaining costs of just $50-$200/oz. Plus, ABX already has spent ~$5B on the project, shuttering costs could top $1B, and it would have to pay out Silver Wheaton (SLW), which has rights to part of the mine's silver output. ABX -0.8% premarket.
    | Comment!
  • Jun. 30, 2013, 2:41 AM
    A record quarterly drop of 23% in gold prices in Q2 to $1,223.80 has exposed miners' massive debts, which have increased to a high of $21B at 55 top gold and silver producers from under $2B in the past 10 years. Gold has now become cheaper to buy than to extract for many firms. If prices stay below $1,300 for over two quarters, S&P reckons downgrades could be on the cards. Barrick Gold (ABX) is particularly exposed with debts of $14.8B.
  • Jun. 28, 2013, 4:18 PM
    Gold (GLD, IAU) and silver SLV, PSLV) stocks finish with huge gains, as bargain hunters swoop in to buy beaten-down miner shares. KGC +9.9%. ABX +5.9%. GG +8.5%. NG +9.3%. CDE +9.6%. SLW +7.5%. PAAS +7.1%. NEM +8.1%. SA +12.9%. SBGL +6.9%.  (earlier)
  • Jun. 26, 2013, 12:44 PM
    As if gold mining stocks aren't facing enough headwinds today (I, II), Credit Suisse downgrades Barrick Gold (ABX -6.4%) to Neutral from Outperform with a $20 target, saying ABX needs to provide clarity on the path for Pascua and for handling asset sales and its financial leverage. Also downgraded to Neutral at CS: Silver Wheaton (SLW -5.3%), Pan American Silver (PAAS -1.9%).
  • Jun. 24, 2013, 8:06 AM
    Miners are mashed premarket as Goldman Sachs cuts its forecasts for gold and silver (I, II) and Chinese stocks melt down on increasing fears of a liquidity crunch there: GOLD -4.8%, AUMN -3%, MT -2.9%, RIO -2.7%, BHP -2.4%, FCX -2.3%, AU -2.2%, GDX -2%, GG -2%, SLW -1.9%, AUY -1.8%, ABX -1.6%, NEM -1%.
  • Jun. 20, 2013, 10:40 AM
    On a disastrous day for mining stocks, Newmont Mining (NEM -4.2%) also is downgraded to Market Perform at Cowen. It's not a stinging rebuke, as the firm sees shares as fully valued while remaining positive on NEM's prospects and ability to pay dividends. But it's enough to send NEM to fresh 52-week lows, along with: AUY -7.1%, ABX -6.5%, ANV -6.3%, GG -5.6%, SLW -5.5%, GOLD -5.1%, EGO -5%, VALE -4.7%, RIO -4.6%, BHP -3.6%, AU -3.3%, GFI -3.3%, PAAS -2.5%, HMY -1.9%, BVN -1.8%.
  • Jun. 20, 2013, 7:45 AM
    Miners gapping down premarket (GDX -4.5%; SIL -3.3%) after weak factory data from China and Fed-induced downbeat sentiment: AG -8.2%, AUY -7.2%, GFI -6.5%, SLW -6.3%, GG -6.1%, MUX -5.9%, SSRI -5.9%, AU -5.7%, KGC -5.6%, RIO -5.3%, GOLD -4.9%, PAAS -4.9%, ABX -4.7%, IAG -4.5%, NEM -3.8%, BHP -3.5%, MT -2.7%, EGO -2.3%, VALE -2%. (earlier)
    | Comment!
  • Jun. 7, 2013, 2:09 PM
    Gold miners large (GDX -4.1%) and small (GDXJ -5.3%) alike are suffering a beat-down after jobs data from both the U.S. and Canada beat estimates; gold's gains for the week are entirely erased, and the metal "could melt even faster" if the global recovery continues. ABX -4.2%, AEM -6.7%, NEM -2.8%, GG -4.5%, AU -5.5%, EGO -5%, KGC -5.3%. SLW -2.8%, SSRI -7.3%, EXK -5.9%. GLD -2%, SLV -4.1%.
  • May 24, 2013, 12:42 PM
    Silver Wheaton (SLW +0.9%) also is halted on news that Chile fined Barrick Gold (ABX) and stopped construction on the Pascua-Lama mine. In addition to being a key growth asset for ABX, Pascua-Lama significantly increases SLW's long-term growth profile, says; SLW's 25% share of the estimated average annual silver production for the project's first full five years is 9M oz.
Visit Seeking Alpha's
SLW vs. ETF Alternatives
Company Description
Silver Wheaton Corp is a mining company engaged in sale of silver and gold.
Industry: Silver
Country: Canada