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:

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."

Andrew Kaip, BMO Capital Markets (5/7/15)
"Silver Wheaton Corp.'s Q1/15 earnings per share were broadly in-line with expectations. Lower-than-expected sales were offset by lower cost of sales and depreciation. The company indicated that lagging sales volumes were a function of timing differences and it expects to see higher sales through the balance of 2015. . .the Constancia mine achieved commercial production status on Apr. 30, 2015. We estimate that Silver Wheaton is poised to deliver on approximately 17% silver-equivalent production growth over 2015 due largely to the ramp-up at Constancia and amended gold streaming agreement on the Salobo mine."

"Silver Wheaton Corp. has been very aggressive and has royalties on some very good projects, including Peñasquito. It has been dealing with a tax problem in Canada, but I think that will be resolved this year. It does have debt, but this company is a very good buy today. . .it is already moving into gold. Its most recent deal was buying an additional 25% stream of Vale S.A.'s Salobo mine in Brazil for $900M. That was a very big deal for Silver Wheaton and pleases us because we prefer gold streaming to silver streaming." read more >

Trefis (5/4/15)
"Silver Wheaton Corp. will release its first-quarter results on May 7. . .production volumes are likely to be boosted by the signing of a streaming agreement for an additional 25% of the gold by-product stream produced at Vale S.A.'s Salobo copper mine in Brazil. . .partially offset by lower production volumes from the San Dimas, Campo Morado and Keno Hill mines. . .the prevailing subdued commodity pricing environment presents an opportunity to the company for the acquisition of more precious metal streams. . .there is clearly significant growth potential in the silver streaming space for the market leader, Silver Wheaton."

Ash Guglani, Salman Partners (4/24/15)
"Sandspring Resources Ltd. announced that it has amended the precious metals purchase agreement of the company's wholly-owned Toroparu project with Silver Wheaton Corp. . .this amended agreement provides Sandspring liquidity and time to advance its project and complete the feasibility study. Given the addition of the new silver stream, we believe that the delayed production schedule of Toroparu would make no material difference (slightly accretive) to the valuation of Silver Wheaton; hence, we maintain our Top Pick recommendation and a target price of CA$31.00 per share."

More Expert Comments

Experts Commenting on This Company

Mary Anne Aden
Pamela Aden
Ralph Aldis
John Bridges
Doug Casey
Cosmos Chiu
Jeff Clark
Adrian Day
Charles Gibson
Michael Gray
Doug Groh
Ash Guglani
John Hathaway
Frank Holmes
Michael Jalonen
Louis James
Andrew Kaip
Edward Karr
Pierre Lassonde
Chris Mancini
David Morgan
Shane Nagle
Charles Oliver
Björn Paffrath
Gwen Preston
Ralph Profiti
Sean Rakhimov
Dan Rollins
Rick Rule
Phil Russo
David H. Smith
Alex Terentiew
Trevor Turnbull

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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