Key Developments: Silver Wheaton Corp (SLW)
23.18USD
21 May 2013
$1.41 (+6.48%)
$21.77
$21.47
$23.26
$21.45
3,030
5,572,082
$41.30
$21.45
Latest Key Developments (Source: Significant Developments)
Silver Wheaton Corp Issues FY 2017 Production Guidance-Conference Call
Silver Wheaton Corp forecasts to grow the production by over 80% to 53 million ounces per year in 2017. Full Article
Silver Wheaton Corp Declares Second Quarterly Cash Dividend
Silver Wheaton Corp announced that Board of Directors has declared its second quarterly cash dividend for 2013 of $0.12 per common share. The quarterly dividend will be paid to holders of its common shares as of the close of business on May 23, 2013, and will be distributed on or about May 31, 2013. Full Article
Silver Wheaton Corp Declares First Quarterly Cash Dividend
Silver Wheaton Corp announced that its Board of Directors has declared its first quarterly cash dividend payment for 2013 of $0.14 per common share. The quarterly dividend will be paid to holders of record of its common shares as of the close of business on April 2, 2013 , and will be distributed on or about April 12, 2013 . Full Article
Silver Wheaton Corp Enters Into Binding Term Sheet With Vale S.A's Subsidiary To Acquire Gold Streams From Salobo Mine
Silver Wheaton Corp announced that it has entered into a binding term sheet to acquire from a subsidiary of Vale S.A. (Vale) an amount of gold equal to 25% of the life of mine gold production from its Salobo Mine, located in Brazil, as well as 70% of the gold production, for a 20-year term, from certain of its Sudbury Mines located in Canada. The Company will pay Vale total cash consideration of USD1.90 billion, plus 10 million Silver Wheaton warrants with a strike price of USD65 and a term of 10 years. USD1.33 billion will be paid for 25% of the gold production from Salobo, while USD570 million will be paid for 70% of the Sudbury gold production. In addition, Silver Wheaton will make ongoing payments of the lesser of USD400 (subject to a 1% annual inflation adjustment from 2016 for Salobo) and the prevailing market price, for each ounce of gold delivered under the agreement. Production will accrue retroactively to Silver Wheaton as of January 1, 2013. Silver Wheaton has entered into an agreement with Scotiabank and BMO Capital Markets as Joint Lead Arrangers and Co-Bookrunners securing a commitment to underwrite two new credit facilities: a USD1 billion revolving credit facility having a 5 year term; and a USD1.5 billion bridge financing facility having a 1 year term. These facilities will replace the existing USD400 million revolving credit facility. Full Article
Silver Wheaton Corp Declares Fourth Quarterly Dividend Payment For 2012
Silver Wheaton Corp announced that its Board of Directors has declared its fourth quarterly cash dividend payment for 2012 of USD0.07 per common share. The quarterly dividend will be paid to holders of record of its common shares as of the close of business on November 21, 2012, and will be distributed on or about December 5, 2012. Full Article
Silver Wheaton Corp Reaffirms FY 2012 Production Guidance
Silver Wheaton Corp announced that with the addition of production from Hudbay's 777 mine in the third quarter of 2012, it has produced a record 7.7 million silver equivalent ounces, putting on track to reach fiscal 2012 annual production forecast of 28 million ounces. Full Article
Silver Wheaton Corp Closes Acquisition Of Precious Metals Streams From HudBay's 777 Mine And Constancia Project
Silver Wheaton Corp announced that it has closed the previously announced purchase from HudBay Minerals Inc. (Hudbay) of 100% of the life of mine silver production from its currently producing 777 Mine (777), 100% of the life of mine silver production from its Constancia Project (Constancia), as well as 100% of gold production from the 777 Mine until Constancia satisfies a completion test, or the end of 2016, whichever is later. At that point, Silver Wheaton's share of gold production from 777 will be reduced to 50% for the remainder of the mine life. Silver Wheaton will pay Hudbay total cash consideration of $750 million, of which $500 million was paid upon closing, with two further payments of $125 million each to be made upon the satisfaction of minimum capital expenditures having been incurred at Constancia. In addition, Silver Wheaton will make ongoing payments of the lesser of $5.90 per ounce of silver and $400 per ounce of gold (both subject to an inflationary adjustment) or the prevailing market price per ounce of silver and gold delivered. Silver Wheaton made the initial upfront cash payment of $500 million using cash on hand. Subsequent upfront cash payments totaling $250 million are also expected to be financed with the remaining cash on hand and continued strong operating cash flows. Full Article
Silver Wheaton Corp Declares Third Quarterly Dividend Payment for 2012
Silver Wheaton Corp announced that its Board of Directors has declared its third quarterly cash dividend payment for 2012 of USD0.10 per common share. The quarterly dividend will be paid to holders of record of its common shares as of the close of business on August 30, 2012, and will be distributed on or about September 13, 2012. Full Article
Silver Wheaton Corp. Raises FY 2012 And FY 2016 Production Guidance
Silver Wheaton Corp. announced that with the addition of two new precious metal streams, Silver Wheaton is revising its one and five year production guidance. For fiscal 2012, attributable silver equivalent production is forecast to increase from 27 million silver equivalent ounces to 28 million silver equivalent ounces, including 42,000 ounces of gold. For fiscal 2016, annual attributable production is anticipated to increase 90% compared to fiscal 2011 levels, growing to approximately 48 million silver equivalent ounces, including 100,000 ounces of gold. Full Article
Silver Wheaton Corp. Acquires Life Of Mine Precious Metals Streams From Hudbay's 777 Mine And Constancia Project
Silver Wheaton Corp. announced that it has agreed to acquire from HudBay Minerals Inc. 100% of the life of mine silver production from its currently producing 777 Mine (777), located in Canada, and 100% of the life of mine silver production from its Constancia Project (Constancia), located in southern Peru. In addition, Silver Wheaton has agreed to acquire 100% of the life of mine gold production from Hudbay's 777 Mine until Constancia satisfies a completion test, or the end of 2016, whichever is later. At that point, Silver Wheaton's share of gold production from 777 will be reduced to 50% for the remainder of the mine life. Silver Wheaton will pay Hudbay total cash consideration of $750 million, of which $500 million is payable upon closing, with two further payments of $125 million each to be made upon the satisfaction of minimum capital expenditures having been incurred at Constancia. In addition, Silver Wheaton will make ongoing payments of the lesser of $5.90 per ounce of silver and $400 per ounce of gold (both subject to an inflationary adjustment) or the prevailing market price per ounce of silver and gold delivered. Full Article
Silver Wheaton profit falls, shares down
TORONTO - Shares of Silver Wheaton Corp fell more than 3 percent on Monday after first-quarter earnings came in slightly below expectations and the company changed its dividend policy to tie the payout to performance over a whole year.
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