666 BURRARD STREET, SUITE 3150
VANCOUVER
British Columbia
Canada,
V6C 2X8
Phone: +1 (604) 684-9648
Fax: +1 (604) 684-3123
Toll Free: 1 866 696 3066
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Established in 2004, Silver Wheaton has quickly positioned itself as the largest silver streaming company in the world. Forecast 2009 sales are 16 to 18 million ounces of silver and 17,000 ounces of gold, for total sales of 17 to 19 million silver equivalent ounces. By 2013, annual silver equivalent sales are anticipated to almost triple from 2008 levels, with forecast sales of 30 million ounces of silver and 20,000 ounces of gold, for a total of approximately 31 million silver equivalent ounces. No ongoing capital expenditures are required to generate this industry leading growth.
Silver Wheaton's unique business model of entering into long-term silver streaming agreements creates significant shareholder value by providing considerable leverage to increases in the silver price while mitigating the downside risks associated with traditional mining companies.
The Company has entered into twelve long-term agreements where, in exchange for an up-front payment, it can purchase all or a portion of the silver production from high-quality mines located in politically stable regions. The price that Silver Wheaton pays for future silver production is pre-determined in the agreements, typically US$3.90 per ounce with a small inflationary adjustment, which ensures costs are fixed. To further reduce risk, once the upfront payment is made, Silver Wheaton has no ongoing capital or exploration expenditures yet benefits from the production and exploration growth of its partners.
Silver Wheaton does not hedge or sell forward its silver sales and is well positioned for further growth.
For more information go to:
www.silverwheaton.com
Company NewsWednesday, November 11, 2009 Alexco Resource Corp. announce the completion of a positive Development Plan for its wholly owned silver-lead-zinc Bellekeno mine in the Keno Hill Silver District, Yukon, Canada. The Development Plan incorporates the terms of Alexco’s agreement with Silver Wheaton Corp., and outlines a project with a pre-tax net present value to Alexco of C$31.9 million over an initial mine life of approximately four years. Silver Wheaton has provided Alexco with written confirmation of their acceptance that the Development Plan is favourable, and Alexco’s Board of Directors has authorized the initiation of construction activity in anticipation of full mine production in the third quarter of 2010. News ReleasesMonday, November 09, 2009 Wednesday, October 14, 2009 Tuesday, October 13, 2009 Wednesday, September 30, 2009 Tuesday, September 22, 2009 Map Legend: Producer Past Producer  Development  Exploration |
