Silver Wheaton Corp.

Silver Wheaton is the largest pure precious metals streaming company in the world. The Company has streams on some of the largest and lowest cost mines in the world. Silver Wheaton’s production and growth are founded on cornerstone assets including the Salobo mine in Brazil, the Peñasquito and San Dimas mines in Mexico, and the Antamina mine in Peru. Based upon its current agreements, forecast 2016 estimated annual attributable production is approximately 32 million ounces of silver and 305,000 ounces of gold. Silver Wheaton’s estimated average annual attributable production over the next five years is anticipated to be approximately 31 million ounces of silver and 330,000 ounces of gold per year.

Expert Comments:

Cosmos Chiu, CIBC World Markets (3/22/17)
"Silver Wheaton Corp. has proposed a name change to Wheaton Precious Metals Corp. Importantly, this reflects both the company's existing portfolio of silver and gold assets (2016 revenue was derived 54% from silver and 46% from gold) and an ongoing focus for future acquisitions."

Josh Wolfson, Eight Capital (3/22/17)
"Silver Wheaton Corp. reported Q4/16 adjusted earnings of $0.19, above our estimate of $0.17 and consensus of $0.16. Q4/16 silver equivalent ounce production and sales exceeded our estimates by 10% and 9%, respectively, resulting in healthy free cash flow (FCF) generation. . .we calculate Q4/16 FCF before working capital changes of $165M, $9M above our estimate of $156M."

Michael Gray, Macquarie Capital Markets (3/22/17)
"Silver Wheaton Corp. is a Top Pick and should be a precious metals portfolio core position. . .Salobo contributed 71.3 Koz Au to overall gold production in Q4/16 as part of record quarterly gold production of 107.3 Koz (margin of ~$815/oz). . .we reiterate our Outperform."

Andrew Kaip, BMO Capital Markets (3/21/17)
"Silver Wheaton Corp. reported in line Q4/16 EPS, with silver and gold deliveries coming in 3% and 8% ahead of our expectations, respectively. The company expects production of 28 Moz silver and 340 Koz gold in 2017 (accounting for a three-month shutdown at San Dimas), and Silver Wheaton will seek shareholder approval to change its name to Wheaton Precious Metals."

Silver Wheaton and Franco-Nevada hosted a mine tour of the Antamina Mine in Peru on March 2, and the promise of substantial additions to the streaming company's assets prompted positive comments from two industry analysts.
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Josh Wolfson, Eight Capital (3/14/17)
"Silver Wheaton Corp. will be reporting FY16 financial results and 2017 guidance on Tuesday, March 21 after market close. . .at a 75x gold:silver ratio, we forecast 2017 silver equivalent production in concentrate of 53.3 Moz, consisting of 28.1 Moz silver and 335 Koz gold."

Andrew Kaip, BMO Capital Markets (3/7/17)
"A member of our research team had the opportunity to attend an analyst and investor tour of Silver Wheaton Corp.'s Antamina mine on March 2. . .substantial mine life extension potential exists, certainly in the open pit, but longer term potentially as an underground operation. Further, the mine has considerable resources, with the potential to upgrade material and add additional ounces through exploration."

More Expert Comments

Experts Following This Company

Jay Albany, Healthcare Analyst – SeeThruEquity
Jorge Beristain, Analyst – Deutsche Bank
Luke Burgess – Hard Money Millionaire
Cosmos Chiu, Executive Director of Precious Metals Equity Research – CIBC World Markets
Adrian Day, Founder – Adrian Day Asset Management
Charles Gibson, Director, Mining – Edison Investment Research
Michael Gray, Analyst – Macquarie Capital Markets
Jason Hamlin, Founder – Gold Stock Bull
Timothy Hayes – Davenport & Co.
Frank Holmes, Chairman – U.S. Global Investors
Andrew Kaip, Analyst – BMO Capital Markets
Ben Kramer-Miller, Chief Analyst miningWEALTH
Tony Lesiak, Head of Canadian Mining Research – Canaccord Genuity
Kevin MacKenzie, Analyst – PI Financial
Phil Russo, Research Associate – Raymond James
Michael Siperco, Analyst, Mining Equity Research – Macquarie Capital Markets
Josh Wolfson, VP, Senior Analyst Gold & Precious Metals – Dundee Capital Markets

The information provided above is from analysts, newsletters, the company and other contributors.

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