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:

Charles Gibson, Edison Investment Research (4/27/17)
"Silver Wheaton Corp.'s shares are trading on near-term financial measures that are cheaper than those of its royalty/streaming 'peers' in EPS 80% of instances considered, and the miners themselves in EPS 40%, despite being associated with materially less risk. Additional upside exists in the potential expansion of Salobo and the development of Pascua-Lama and Rosemont, among others."

Josh Wolfson, Eight Capital (4/24/17)
"We estimate Silver Wheaton Corp.'s Q1/17 production in concentrate to be 7.1 Moz Ag and 84 Koz Au, for a total of 13 Moz Ag eq ounces. . .year-end inventories were an estimated 7.6 Moz Ag eq, and we estimate 8 Moz Ag eq as of Q1/17E."

Michael Gray, Macquarie Capital Markets (4/16/17)
"We think Silver Wheaton Corp. shares benefit from the pending restart of San Dimas on the back of a reset of the union agreement that paves the way for two years of labor stability along with a more efficient operating approach. We reiterate our Outperform recommendation."

Charles Gibson, Edison Investment Research (3/30/17)
"Silver Wheaton Corp.'s shares are trading on near-term financial measures that are cheaper than those of its royalty/streaming 'peers' in at least 83% of instances considered, and the miners themselves in at least 41%, despite being associated with materially less risk. Additional upside exists in the potential expansion of Salobo and the development of Pascua-Lama and Rosemont, among others."

Charles Gibson, Edison Investment Research (3/29/17)
"In Q4/16, sales and cash flows derived by Silver Wheaton Corp. from gold operations exceeded those from silver for the first time ever. . .to better reflect the company's increasingly gold-rich asset base, the board of directors has recommended that Silver Wheaton change its name to Wheaton Precious Metals Corp."

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."

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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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, Precious Metals Analyst – Eight Capital

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