Silver Wheaton Corp.

Silver Wheaton is the largest pure precious metals streaming company in the world. Based upon its current agreements, forecast 2015 estimated annual attributable production is approximately 43.5 million silver equivalent ounces, including 230,000 ounces of gold. By 2019, estimated annual attributable production is anticipated to increase significantly to approximately 51 million silver equivalent ounces, including 325,000 ounces of gold. This anticipated growth is expected to be driven by the Company’s portfolio of low-cost and long-life assets, including precious metal and gold streams on Vale’s Salobo mine and Hudbay’s Constancia project.

Expert Comments:

Charles Gibson, Edison Investment Research (6/25/15)
"Silver Wheaton Corp.'s Q1/15 results were characterized by strong performances at San Dimas, Barrick, Sudbury and Salobo, such that silver-equivalent production exceeded 10 Moz for the first time ever. . .production over the following two years will be driven by an increase in throughput from 2,500 tpd to 3,000 tpd at San Dimas and the metallurgical enhancement project feasibility study at Penasquito. . .the company has access to up to $1.3B readily available funds (plus future cash flows) to make future accretive acquisitions."

"Silver Wheaton Corp. takes out a lot of the operational risk and capital deployment risk associated with the mining business. If you look at the assets deployed relative to the cash generated, the royalty and streaming companies enjoy tremendous market share in terms of margin in the mining industry relative to the capital that they have deployed. . .Sprott Gold Miners ETF is skewed to the royalty and streaming companies because of margin relative to capital deployed." read more >

"Silver Wheaton Corp. is a great buy right now. The stock has really been beaten up. It gets 25% of production from a number of different silver deposits at $4/oz or $5/oz, including Goldcorp's Penasquito project with 1 billion ounces of silver in reserve. The shares are presently trading down 33% from their 52-week high." read more >

Charles Gibson, Edison Investment Research (5/26/15)
"Silver Wheaton Corp.'s Q1/15 results were characterized by strong performances at San Dimas, Barrick and Sudbury, while production at Salobo more than doubled (consistent with its ramp-up and increased Silver Wheaton interest). . .the company's silver-equivalent production exceeded 10 Moz for the first time ever. . .a decline in sales of $9.9M compared to Q4/14 was more than offset by a $11.0M decline in costs. . .our production and financial forecasts remain little changed. . .we predict a value of $42.38 per share in FY19, representing a total internal rate of return to investors at the current share price of 26.8% over five years."

Ash Guglani, Salman Partners (5/8/15)
"Silver Wheaton Corp. reported its Q1/15 results. . .production numbers of silver and gold were in-line with our estimates; however, the company reported lower sales in Q1/15. Silver Wheaton expects sales to exceed production throughout the rest of the year. We also estimated slightly lower cash margins. . .at Primero Mining Corp.'s San Dimas mine, a quarterly record production of 2,931 tpd was achieved in Q1/15. . .HudBay Minerals Inc.'s Constancia mine achieved commercial production on April 30, 2015. . .we maintain our Top Pick recommendation and target price of CA$31.00 per share."

Phil Russo, Raymond James (5/8/15)
"Production results were strong for Silver Wheaton Corp. in Q1/15. . .total silver-equivalent production during the quarter was 10.4 Moz, 13% above our 9.2 Moz estimate, driven by higher-than-expected silver-equivalent ounces from San Dimas, as the mill achieved higher-than-nameplate capacity for the quarter, and from Sudbury, which experienced higher grades."

More Expert Comments

Experts Commenting on This Company

Pamela Aden, Co-Editor and Publisher – Aden Forecast
Mary Anne Aden, Co-Editor and Publisher – Pamela Aden Research
Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Chris Berry, Founder – House Mountain Partners LLC.
Michael Berry, Writer Disruptive Discoveries Journal
John Bridges, Analyst – J.P. Morgan
Doug Casey, CEO / Chair – Casey Research
Cosmos Chiu, Executive Director of Precious Metals Equity Research – CIBC World Markets
Jeff Clark, Senior Editor – Casey Research
Adrian Day, Founder – Adrian Day Asset Management
Charles Gibson, Director, Mining – Edison Investment Research
Michael Gray, Analyst – Macquarie Capital Markets
Doug Groh, Senior Research Analyst – Tocqueville Asset Management L.P.
Ash Guglani, Analyst – Salman Partners
John Hathaway, Senior Managing Director – Tocqueville Asset Management L.P.
Frank Holmes, Chairman – U.S. Global Investors
Michael Jalonen, Precious Metals Analyst – Merrill Lynch
Louis James, Analyst – Casey Research
Andrew Kaip, Analyst – BMO Capital Markets
Edward Karr, Chief Executive Officer – RAMPartners S.A.
Pierre Lassonde, President – Franco-Nevada Corp.
Chris Mancini, Research Analyst – Gabelli Gold Fund
David Morgan, Publisher – Silver Investor
Shane Nagle, Analyst – National Bank Financial
Charles Oliver, Senior Portfolio Manager – Sprott Asset Management
Björn Paffrath, Director – Stabilitas-Fonds
Gwen Preston, Founder – Resource Maven
Ralph Profiti, Analyst – Credit Suisse
Sean Rakhimov, Editor – Silver Stategies
Dan Rollins, Analyst – RBC Capital Markets
Rick Rule, Chairman – Sprott Global Resource Investments Ltd.
Phil Russo, Research Associate – Raymond James
David H. Smith, Analyst –
Porter Stansberry, Pres & CEO – Stansberry Research
Alex Terentiew, Mining Analyst – Raymond James
Trevor Turnbull, Analyst – Scotia Capital

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
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