SLW:TSX; SLW:NYSE

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.
SLW:TSX SLW:NYSE

Expert Comments:

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."

Michael Siperco, Macquarie Capital Markets (3/6/17)
"We attended a site visit on March 1 to 3 to Silver Wheaton Corp.'s Antamina mine. . .we gained further comfort with the long-term upside to reserves, as well as the robustness of the mine and infrastructure (including the +300 km pipeline) in a challenging environment (+4,200m above sea level). . . there is ample potential for extension from existing Measured and Indicated and Inferred resources, as well as underground (block cave?) potential and district-wide (700 km sq) exploration upside."

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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