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Silver Wheaton Corp. (SLW)

  • 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.
  • Jan. 31, 2013, 3:59 PM
    Silver Wheaton (SLW), the miner which also helps other miners pay for projects in exchange for a discount on their silver and gold output, has traditionally talked to smaller miners unable to tap debt and equity markets, but CEO Randy Smallwood says it is seeing increased interest from metal producers with market values "up into the tens and hundreds of billions."
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  • Jan. 28, 2013, 3:14 PM
    As gold futures extend losses to a fourth straight session, gold-, silver- and commodity-related stocks are in full-blown bear territory. Sinking to new 52-week lows today: NEM -1.3%, AU -0.5%, BVN -2.7%, HMY -3%. Even as Global Hunter offers an upbeat outlook for silver, citing expected increases in industrial use, SLW -1%, PAAS -1.5%.
  • Dec. 21, 2012, 10:32 AM
    RBC Capital releases its top global stocks for 2013 and, unsurprisingly, a handful of Canadian companies make the cut: BAM, MGA, SLW, TD, TU, VRX, DLMAF.PK, TFIFF.PK. Among other favorites: CBS, CLH, DFS, PCP, SHW, TUWLF.PK. The firm says the stocks should benefit from both a cyclical recovery and company-specific tailwinds.
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  • Nov. 30, 2012, 12:10 PM
    Q4 should show a big improvement for Silver Wheaton (SLW) after its Q3 suffered from several sales lags, Scotiabank mining analyst Trevor Turnbull says in calling shares a Buy. SLW is growing production at a 70% rate, he says, noting much of the expansion has begun and is anchored by low-cost assets such as Penasquito in Mexico and Pascua-Lama in Chile and Argentina.
  • Nov. 6, 2012, 10:57 AM
    Silver miners (SIL -0.6%) are struggling with low prices, as evidenced by Q3 results from Hecla Mining (HL -4.8%) and Coeur d'Alene (CDE -18.8%), where prices were down 23% and 5.5% Y/Y respectively; a 14% drop was blamed for falling revenues and profits at Silver Wheaton (SLW -0.5%). Pan American Silver (PAAS -2.3%) is scheduled to report Thursday.
  • Nov. 5, 2012, 8:35 AM
    Silver Wheaton Corp. (SLW) declares $0.07/share quarterly dividend, -30.0% decrease from prior dividend of $0.1. For shareholders of record Nov. 21. Payable Dec. 5. Ex-div Nov. 19. (PR)
  • Nov. 5, 2012, 7:31 AM
    More on Silver Wheaton (SLW) Q3 earnings: Silver equivalent sales a disappointing 5.1M ounces due to timing of deliveries, but are expected to be made up for in the future. Cash margin of $27.70, down 15% Y/Y. Shares -4.3% premarket. Keep an eye on the Silver Miners ETF (SIL), of which SLW makes up 13.26% of the holdings. (PR)
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  • Nov. 5, 2012, 6:38 AM
    Silver Wheaton (SLW): Q3 EPS of $0.34 misses by $0.06. Revenue of $161.3M (-13% Y/Y) misses by $34M. (PR)
  • Nov. 5, 2012, 12:05 AM
    Notable earnings before Monday’s open: ANV, ARCC, BPI, CHD, CYOU, ENDP, ETR, HNT, HUM, ICE, LBTYA, MTW, NNN, PCYC, RIG, ROK, SLW, SO, SOHU, SYY, TEL, TSLA, TWC
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  • Nov. 4, 2012, 5:30 PM
    Notable earnings before Monday’s open: ANV, ARCC, BPI, CHD, CYOU, ENDP, ETR, HNT, HUM, ICE, LBTYA, MTW, NNN, PCYC, RIG, ROK, SLW, SO, SOHU, SYY, TEL, TSLA, TWC
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  • Sep. 13, 2012, 2:49 PM
    Comex gold rose 2.2% to $1,772.10/oz. to finish near seven-month highs on the Fed's QE3 announcement, and gold miners (GDX +4.3%) are performing even better: NEM +5.4%, ABX +3.5%, GFI +3.8%, GG +4.9%, FCX +3.9%. Silver spiked even more, and silver miners (SIL +6.8%) are soaring too: SLW +5.1%, HL +5.3%, PAAS +4.8%, CDE +6.2%.
  • Aug. 23, 2012, 9:45 AM
    Silver leaps 3.5%, gold gains 1.6% and crude oil rises to just under $98 as traders try to crowd ahead of anticipated Fed stimulus. “If they keep teasing - like Pavlov’s dogs, traders keep trying to run in front of the announcement,” ICAP’s Kenneth Polcari writes. JAG +3.8%, GOLD +2.6%, AG +2%, PAAS +1.9%, EGO +1.8%, SVM +1.5%, SLW +0.6%.
  • Aug. 20, 2012, 12:45 PM
    Sandstorm Gold (SAND), newly listed on the NYSE today, may warrant more attention than the typical junior miner making the jump up. President and CEO Nolan Watson had been CFO of Silver Wheaton (SLW), where he “helped raise over $1B in debt and equity to fund Silver Wheaton’s growth to a $5B market capitalization in less than five years.”
  • Aug. 9, 2012, 6:39 PM
    Silver Wheaton (SLW) declares $0.10/share quarterly dividend, 11.1% increase from prior dividend of $0.09. Forward yield 1.31%. For shareholders of record Aug 30. Payable Sep 13. Ex-div date Aug 28. Shares +1.2% AH. (PR)
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Company Description
Silver Wheaton Corp is a mining company engaged in sale of silver and gold.
Industry: Silver
Country: Canada