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Silver Wheaton Corp. (SLW)

  • Apr. 16, 2013, 8:24 AM
    Most of this morning's biggest premarket gappers come from yesterday's downtrodden mining losers: GFI +7.8%, AU +6.6%, GOLD +6.1%, KGC +4.8%, ABX +4.1%, AG +4%, HMY +3.2%, HL +3.1%, AUY +2.8%, EGO +2.6%, SLW +2.5%, RIO +2.3%, NEM +2%, MT +1.9%. ETFs: GDX +2.8%, SLV +2.8%, GLD +2.3%.
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  • Apr. 15, 2013, 12:59 PM
    Pan American Silver (PAAS -7%) is downgraded to Market Perform with a $19.50 target price (from $30) at BMO Capital, as a lack of growth and high cost structure expose shareholders to downside risk in a declining metal price environment. The firm cuts its EPS and cash flow/share outlook 58% and 34%, respectively, to $0.74 and $1.55, well below consensus. Also, SLW -7.5%, HL -8.5%.
  • Apr. 15, 2013, 9:15 AM
    Premarket gainers: S +16%. SVA +13%. BCRX +10%. LIFE +8%. NFP +7%. MGT +7%. TMO +6%. THRX +5%. NVAX +5%.
    Losers: AAU -15%. MTL -10%. AUQ -11%. HMY -9%. NGD -8%. CEF -8%. SLW -8%. SAND -9%. KGC -7%. AUY -7%. GOLD -7%. MUX -7%. DSCO -7%. IAG -6%. SVM -6%. GG -6%. PAAS -6%. EGO -6%. AU -5%. CDE -5%.
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  • Apr. 12, 2013, 2:27 PM
    Goldman's short call on gold looks prescient, as comex gold sinks $63.50 to settle at $1,501.40/oz. for its lowest close since July 2011. Traders and analysts see no obvious trigger for the selloff, which seems to reflect the malaise that has gripped the market. Silver slips $1.37 to $26.33/oz. Miners are huge losers: HMY -7.5%, ABX -7.3%, AEM -6.9%, AUY -6.2%, SLW -5.6%, NEM -5.2%, EGO -4.9%, GFI -4.8%, GG -4.5%.
  • Apr. 10, 2013, 10:11 AM
    Early weakness in Silver Wheaton (SLW -3.3%) is attributed to reports that a Chilean court suspended Barrick Gold's (ABX -4.8%) Pascua-Lama project. In addition to being a key growth asset for ABX, Pascua-Lama enhances SLW's long-term growth profile and is a cornerstone asset for years to come, says. SLW's 25% share of the estimated annual silver production for the first five years is 9M oz.
  • Mar. 25, 2013, 4:33 PM
    The doomsday scenario of gold dropping to $1k per ounce could make half the gold mining industry worthless, says BAML - not expecting such, but wanting to highlight the vulnerability of high-cost producers like Sibanye (SBGL) as well the attractiveness of less-sensitive Goldcorp (GG), Franco-Nevada (FNV), Royal Gold (RGLD), and Silver Wheaton (SLW). The GDX -1.3% on the session.
  • Mar. 22, 2013, 9:49 AM
    Silver Wheaton (SLW +2.1%) shoots higher at the open after last night's Q4 report said earnings hit a record $0.50/share vs. $0.41 a year earlier and revenue also set a record at $287M. Attributable silver equivalent output rose 22% to 8.5M oz. Average cash costs rose to $4.70 per silver equivalent oz. from $4.06 a year ago.
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  • Mar. 22, 2013, 6:15 AM
    Silver Wheaton Corp. (SLW) declares $0.14/share quarterly dividend. Forward yield 1.80%. For shareholders of record Apr. 02. Payable Apr. 12. Ex-div date Mar. 28. (PR)
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  • Mar. 22, 2013, 6:03 AM
    Silver Wheaton (SLW): Q4 EPS of $0.50 beats by $0.01. Revenue of $287.2M beats by $27.8M. (PR)
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  • Mar. 21, 2013, 12:10 AM
    Notable earnings after Thursday’s close: MU, NKE, SLW, TIBX
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  • Mar. 20, 2013, 6:18 PM
    J.P. Morgan's John Bridges can think of more reasons why gold prices have been sluggish (earlier), but believes investors should swoop in to buy the metal via the SPDR Gold Trust (GLD) ETF and shares of selected gold miners. His favorites: Silver Wheaton (SLW), Newmont Mining (NEM) and Goldcorp (GG), whose CEO Chuck Jeannes sees gold at $2,000 in the next two or three years.
  • Mar. 20, 2013, 5:35 PM
    Notable earnings after Thursday’s close: MU, NKE, SLW, TIBX
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  • Mar. 19, 2013, 5:42 PM
    Silver Wheaton (SLW) says attributable proven and probable reserves increased 38% in 2012 to a record ~1.1B silver equivalent oz. consisting of 851M oz. of silver and 4.9M oz. of gold. Attributable measured and indicated resources rose 28% to a record 603M silver equivalent oz. consisting of 529M oz. of silver and 1.39M oz. of gold.
  • Feb. 7, 2013, 10:20 AM
    As mining companies suffer through rough market conditions, royalty and streaming counterparts such as Silver Wheaton (SLW) are taking advantage. With the $1.9B acquisition of gold streams from Vale, TD Securities thinks SLW "has potentially cracked the previously dormant streaming market with the global mining majors... open[ing] up a potentially significant source of deal flow for the company."
  • Feb. 5, 2013, 5:52 PM
    Silver Wheaton’s (SLW) $1.9B purchase of Vale (VALE) gold streams should hike revenues generated from gold production from an average of 12% to a peak of ~25% in the next five years. The move is expected to immediately boost SLW’s production and cash flow profile by adding expected average gold production of 110K oz./year over the next 20 years, or ~$3.7B at prevailing gold prices, Jon Ogg calculates.
  • Feb. 5, 2013, 5:27 PM
    Silver Wheaton (SLW) agrees to acquire from Vale (VALE) an amount of gold equal to 25% of the life of mine gold production from its Salobo Mine in Brazil, and 70% of the gold production for a 20-year term from some of its Sudbury Mines in Canada. SLW will pay $1.9B in cash, 10M warrants and ongoing payments of the lesser of $400 or the prevailing market price for each ounce of gold delivered under the agreement.
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Company Description
Silver Wheaton Corp is a mining company engaged in sale of silver and gold.
Industry: Silver
Country: Canada