The Vancouver-based precious metals streaming company announced the plan while posting a fourth quarter revenue increase of 29% to $258 million, up from $200 million last year.
Silver Wheaton Mining News
Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.
Silver Wheaton stock gets a boost from $800 million Vale goldstream buy.
The silver miner says Ottawa needs to press Mexican authorities to ensure Canadian investors are treated fairly.
“There’s a healthy appetite for streams right now.”
Proceeds of the offering, which is scheduled to close around April 7, will be used to repay debt.
The stock ignored news from Zambia where President Edgar Lungu said he would not allow the firm to lay off workers at its Mopani Copper Mine, as it mothballs it for 18 months.
The Vancouver-based streaming company says the deal immediately adds expected average silver production of 5.1 million ounces per year.
The alleged deals involve Glencore's Collahausi mine in Chile, as well as Antamina and Antapaccay copper mines in Peru.
Streaming company ups production 29% in Q2 and CEO Randy Smallwood says expansion opportunities abound in today's market.
Silver Wheaton (NYSE:SLW, TSX:SLW) has doubled down on the gold stream it currently has in place at Vale's (NYSE:VALE) Salobo mine in Brazil.
In 2010 at the World Economic Forum, legendary investor George Soros called gold “the ultimate asset bubble.” He failed to mention, however, that his hedge fund had just doubled the size of its position in the yellow metal.
Record production not enough to offset declining realized silver and gold prices.
Silver Wheaton will receive 50% of the life of mine gold production from Constancia.
Miners need to rebuild trust.
Silver Wheaton Reports Record Operating and Financial Results in 2011; Earnings and Operating Cash Flows Nearly Double
Silver Wheaton Corp. (SLW.TO) announced its audited results for the fourth quarter and year ended December 31, 2011. It also announced that its Board of Directors has declared its first quarterly cash dividend payment for 2012 of US$0.09 per common share.
Silver Wheaton, the global number one silver streaming firm, announced on Thursday that it is revising its 2011 attributable silver equivalent production guidance from 27 to 28 million silver equivalent ounces to 25 to 26 million silver equivalent ounces. Stock in the company on the Toronto exchange ended little changed on Thursday, but is down 9.5% so far this year which means investors have taken more than a $1 billion knock. Silver Wheaton expects its 2015 attributable production to grow by 17 million ounces.
Shares of Silver Wheaton (SLW.TO: Quote) rose on Monday, after the miner's quarterly profit more than doubled, helped by record production and soaring silver prices. Net profit rose to $122.2 million, or 34 cents a share, from $50.6 million, or 13 cents a share, a year ago.
Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW)(NYSE: SLW) is pleased to announce that its Board of Directors has declared its second quarterly cash dividend payment for 2011 of US$0.03 per common share. The quarterly dividend will be paid to holders of record of its common shares as of the close of business on June 20, 2011, and will be distributed on or about June 30, 2011. The Company's dividend qualifies as an 'eligible dividend' for Canadian income tax purposes.
Wildcat Silver Corporation (TSX-V: WS) ("Wildcat" or "the Company") announces that it has closed the $13 million private placement of 10 million common shares at a price of $1.30 per share with Silver Wheaton Corp. […]
Jittery investors sold in earnest this week on speculation that China is going on some kind of austerity kick, destined no doubt to wreak havoc on the civilized world.