release or is otherwise written in a promotional tone . please help by either rewriting this article from a neutral point of view or by moving this article to wikinews . when appropriate blatant advertising may be marked for speedy deletion with db spam . march 2015 silver wheaton corp. type public traded as tsx slw nyse slw fwb sii s & p tsx 60 component industry mining silver streaming founded 2004 headquarters vancouver canada key people douglas m. holtby chair peter d. barnes ceo dir randy v. j. smallwood pres products gold and silver revenue us 706 472 mil 2013 16.6 % 1 net income us 375 495 mil 2013 35.9 % 1 total assets us 4 389 844 mil dec 2013 37.6 % 1 total equity us 3 366 546 mil dec 2013 8.3 % 1 divisions silver wheaton ltd. silverstone resource website silverwheaton.com silver wheaton corp. is a pure play silver mining company the largest in the business of silver streaming . it produces over 26 million ounces and sells over 29 million ounces of silver mined by other companies including barrick gold and goldcorp as a by product of their main operations . 3 4 5 6 contents 1 history 2 contracts 3 mines 4 references history edit silver wheaton was established in 2004 . it was previously controlled by goldcorp until december 7 2006 when goldcorp s sale of 18 million shares reduced its ownership to 48 % . on february 14 2008 goldcorp divested itself completely of silver wheaton selling 108 million shares for c 1.566 billion . silverstone resources acquired in 2009 previously traded on the tsx venture exchange under the symbol sst delisted may 25 2009 just after the takever as a tier 1 stock the exchanges premier tier . 7 8 contracts edit although most agreements it makes are short term contracts at least one with the penasquito mine in mexico lasts the length of the mine s life . until the third quarter of 2012 all of the gold it sold came from the minto mine in the yukon acquired in mid 2009 following the cdn 190 million acquisition of silverstone resources corp. 9 in 3q2012 it started receiving gold from hudbay s 777 polymetallic mine in manitoba 1 . in 2013 it began receiving gold from 3 new mines sudbury 33 000 oz salobo 29 100 oz and constancia . average realized price for gold produced at 777 was 1390 which is similar to minto however average realized cash cost is 32 % higher at mine 777 400 vs 303 . 3 in total there are 15 agreements with 11 different companies ; being able to pay a large portion of the contract price in cash initially and having already developed extensive relationships with mining companies helps it gain access to the commodity . 10 in 2013 the average price paid per ounce of pure silver was 4.12 up from 4.06 3.99 3.97 in 2012 2011 2010 . penasquito one of the largest silver deposits in the world silver wheaton s 25 % interest would rank in the top 25 silver mines in the world will give the company an average of 7 million ounces annually for 22 years begins early production in 2010 2011 . in 2013 penasquito produced 6.216 million ounces for silver wheaton down from 6.572 m in 2012 5.284 m in 2011 at a cost of 4.02 per ounce up from 3.99 3.93 . like over half of the world s silver producing mines the penasquito mine also produces lead copper and zinc . 11 in 2013 company production totaled 35.823 million ounces 26.754 million of that pure silver 0 % the rest being gold 22.0 % higher than 2012 41.2 % more than 2011 110 % vs 2009 . in 2013 it sold 29.963 million ounces of silver equivalent 9.6 % at an average price per ounce of 23.58 31.09 in 2012 34.65 in 2011 . in 2013 the unit price paid for pure silver was up six cents to 4.12 incl gold 4.65 while the realized price was down 717 cents to 23.86 incl gold 23.58 . in 2011 though the unit price paid per silver equivalent ounce was only five cents higher at 4.09 it sold each ounce for 67.6 % more in 2010 it was 36.6 % more . total revenue was down 17 % in 2013 up 16 % in 2012 up 72 % in 2011 . mines edit the silver it has agreed to purchase is in mexico 40 % portugal 20 % usa 10 % chile 9 % peru 9 % argentina 7 % sweden 4 % greece and canada about 1 % . 12 silver wheaton doesn t own or operate the mines but the contracts it has with their owners gives it full access to any silver gold at the minto mine mined there . the six mines from which the company gets most of its silver are san dimas penasquito barrick made up of five parts yauliyacu zinkgruvan cozamin and minto . in addition there are six other smaller mines that contribute about 22 % of the total . 13 the san dimas mine was sold by goldcorp in the summer of 2010 to mala noche resources corp. later renamed primero mining for half a billion dollars complicating things for silver wheaton which had already made an agreement with goldcorp for the silver . 14 in response silver wheaton agreed to a new contract agreement . 15 the penasquito mine which began producing in september 2010 and has a mine life of 22 years is mexico s largest open pit mine . 16 17 18 the agreement it has with barrick gold involves the silver produced at 4 mines ; pascua lama lagunas norte peru pierina peru and valadero argentina . 19 the deal involving the lagunas norte pierina and valadero mines was made in september 2009 required an initial deposit of 212.2 million gives silver wheaton 100 % of the silver produced and ends at the conclusion of 2013 . 20 the pascua lama mine at the border of chili and argentina contract gives silver wheaton access to a quarter of the silver produced there from 2013 to 2017 and could raise silver sales by 30 % . 20 subsidiary silverstone resources corp. owns 100 % of the life of mine silver produced at mines in neves corvo and aljustrel portugal . the lundin mining owned neves corvo mine located near the iberian pyrite belt is primarily a copper and zinc producer . 21 mine 777 in manitoba belongs to hudbay minerals . the mine was the source of 62.8 % of silver wheaton s gold produced in 2012 . in the last quarter alone it accounted for 19 615 ounces of gold more than silver wheaton s other gold mine produced over the entire year 18 600 oz . when converted to silver equivalent using the gold to silver ratio gold from 777 accounted for 40.5 % of the increase in total production in 2012 . references edit a b c d silver wheaton 2013 annual report pdf . 2014 03 20 . silver wheaton company overview hoovers . retrieved 2010 11 07 . a b silver wheaton 2012 annual report pdf . 2013 03 21 . silver wheaton financial highlights . retrieved 2011 06 26 . silver wheaton . kitco . retrieved 2010 11 07 . silver wheaton company summary . abcnewswire.net . retrieved 2010 11 07 . silverstone resources corp . retrieved 2010 11 09 . tsx venture exchange tiers and industry segments pdf . 2010 06 14 . vancouver silver companies close 190 million merger deal . 2009 05 22 . silver wheaton slw . retrieved 2010 11 07 . the canadian business journal . retrieved 2010 . check date values in access date help silver wheaton 2009 annual report pdf . 2010 03 04 . silver wheaton 2010 first half results . 2010 08 11 . bouw brenda 2010 06 02 . goldcorp selling mexican gold and silver mine . the globe and mail . toronto . goldcorp announces sale of san dimas min . 2010 06 02 . pe asquito mine . 2010 10 19 . goldcorp hits commercial production at penasquito . 2010 09 13 . silver wheaton third quarter report 2010 pdf . 2010 08 11 . silver wheaton closes acquisition of silver production from barrick gold corporation . september 22 . check date values in date help a b the warrant report . 2009 09 14 . neves corvo pdf . may 2010 . v t e s & p tsx 60 companies of canada february 22 2016 agnico eagle mines agrium arc resources bank of montreal barrick gold bce inc. blackberry bombardier brookfield asset management cameco canadian imperial bank of commerce canadian national canadian natural resources canadian pacific canadian tire cenovus energy cgi group constellation software couche tard crescent point energy dollarama eldorado gold emera enbridge encana first quantum minerals franco nevada fortis inc. gildan goldcorp husky energy imperial oil inter pipeline kinross gold loblaw companies magna international manulife financial metro national bank of canada pembina pipeline potashcorp power corporation restaurant brands international rogers communications royal bank of canada saputo scotiabank shaw communications silver wheaton snc lavalin sun life financial suncor energy teck telus thomson reuters toronto dominion bank transcanada valeant weston yamana gold retrieved from https en.wikipedia.org w index.php title silver wheaton & oldid 735303629 categories s & p tsx 60 indexs & p tsx composite indexcompanies listed on the new york stock exchangecompanies listed on the toronto stock exchangesilver mining companiesmining companies of canadacompanies based in vancouvernon renewable resource companies established in 2004hidden categories cs1 errors datesarticles with a promotional tone from march 2015all articles with a promotional tonepages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch edit links this page was last modified on 19 august 2016 at 20 54 . text is available under the creative commons attribution sharealike license ; 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