Try searching for some other symbol on yahoo finance. Shareholder class action filed against silver wheaton corp. Silver wheatons name change reflects opportunities in both. The company purchases silver and gold production from mines that it does not own and operate. Silver wheaton acquires additional gold stream from vales. The requested symbol was not found in our database. Vales gold stream agreement with silver wheaton seems. See all trefis price estimates and download trefis data here. Vales salobo mine salobo is the largest copper deposit ever discovered in.
Wheaton or the company is pleased to announce that it has agreed to acquire from a subsidiary of vale s. Last october, vale invested in the salobo iii mine expansion, wherein 40% expansion has been. Submit your information notice is hereby given that a class action lawsuit has been filed on behalf of those who purchased or otherwise acquired shares of silver wheaton corp. Wheaton precious metals has only been increasing its dividend for 1 years. The motley fool canada investing silver wheaton corp is the selloff overdone.
The company purchases silver and gold production from mines that it does. Just in august last year, silver wheaton had extended its agreement with vale to buy an additional 25% of the gold produced from salobo over. Notice is hereby given that a class action lawsuit has been filed on behalf of those who purchased or otherwise acquired shares of silver wheaton corp. Vale sells additional gold stream from salobo copper mine. By james brumley, investorplace feature writer aug 20, 2012, 1. Silver wheaton what a difference a quarter makes edison. Detailed price information for wheaton precious metals corp wpm t from the globe and mail including charting and trades. Silver wheaton to acquire gold production from vale sa. Wheaton precious metals corp wpmt quote the globe and. Silver wheaton caymans has agreed to acquire from a subsidiary of vale an additional 25% of the life of mine gold production from vale s salobo mine. Wheaton precious metals, formerly known as wheaton silver, was. Silver wheaton changes name to wheaton precious metals.
Production will accrue retroactively to silver wheaton caymans as of january 1, 2015. Slw stock quote wheaton precious metals corp bloomberg. The companys projects include vales salobo mine and silver streams. Vale informs that it has entered into an agreement with silver wheaton caymans ltd. 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 byproduct of their main operations in 2016 silver wheaton reported attributable production totaling 30. Since 20, the company has seen a marked increase in gold production, and more recently, for the third consecutive quarter, revenue was roughly evenly split between silver and gold. The original purchase agreement was signed in february 20, and included 25% of the byproduct gold from salobo. Silver wheaton corp canada delisted stock quote and slw charts.
Silver wheaton acquires additional gold stream from vale s salobo mine. 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 byproduct of their main operations. Vale seeks to shore up cash flow in gold deal with silver. Proven and probable mineral reserves 1,4,5,6 as of december 31, 2006 category tonnage million tonnes silver grade grams per. Phenomenal fundamentals, clearly a beaten down stock of an excellent company. More articles about silver wheaton showbiz cheat sheet.
Silver wheaton to acquire gold production from vale sa the. In addition, subsequent to the quarter end, vale announced that the stobie mine representing c 5% of silver wheatons attributable production. Silver wheaton digging deeper into this company reveals why it shines. Press release mining companies yield operational efficiency, solid margins and dividends for improved shareholder value research report on vale, silver wheaton, pan american silver, royal gold. Mining companies yield operational efficiency, solid. In 2016 silver wheaton reported attributable production totaling 30.
Wheaton hat eine vereinbarung mit dem bergbaukonzern vale. Mining companies yield operational efficiency, solid margins. Customizable interactive chart for silver wheaton corp with latest realtime price quote, charts, latest news, technical analysis and opinions. Brazilian mining company vale closed a deal to sell an additional 25% of the gold from its salobo mine to canadas silver wheaton, as it seeks to shore up cash flow in a depressed commodities. Silver wheaton slw just reported its q4 and fullyear 2016 financial results. Apr 16, 2012 here is an update on my silver wheaten american game bantam project.
This includes live silver prices, charts, articles, indepth commentaries, silver stock updates, analysis and much more. Silver wheaten page 2 backyard chickens learn how to. Today, you can download 7 best stocks for the next 30 days. Get the latest silver wheaton corp wpm detailed stock quotes, stock data, realtime ecn, charts, stats and more. Slw, a canadian company traded on the tsx and nyse, to sell an additional 25% premium of the payable gold stream in copper concentrate from the salobo copper mine for the life of.
Slw stock seemed to be stabilizing since its massive downfall this summer. The presentation will also be available in pdf format for download from the silver wheaton. Wheaton precious metals is a leading dividend payer. Download chart data for premier members, this option downloads all the chart data, including any studies on the chart, to a. Print opens the print dialog so you can print a copy of the chart on your printer. In order to pay for the deal, silver wheaton decided to. Silver wheatons name change reflects opportunities in. Wheaton precious metals corp wpmt quote the globe and mail. Thats according to randy smallwood, ceo of silver wheaton, who stopped by our office last week during his crosscountry meetandgreet with investors. Silver wheaton acquired additional interests totaling 50% of the life of mine gold production from the salobo mine over the course of 2015 and. May 2, 2016 theres a healthy appetite for streams right now. The pullets are actually coming out somewhat close to the description of what a silver wheaten hen should look like in the bantam standard. Here is an update on my silver wheaten american game bantam project. Wheaton precious metals corporation is the worlds largest silver streaming.
Slw, a canadian company traded on the tsx and nyse, to sell an additional 25% premium of the payable gold stream in copper concentrate from the salobo copper mine for the life of the mine. Why silver wheaton is the best alternative to physical silver. Silver wheaton completes definitive agreement with vale s. Latest stock price today and the uss most active stock market forums. Money morning contributors like peter are always on the lookout for companies creating dominant business models. Silver wheaton acquires gold streams from vales salobo and sudbury mines.
Voiseys bay pmpa precious metals purchase agreement with vale to acquire. Vale an amount of gold equal to 25% of the life of mine gold production from its salobo mine, located in brazil, as. Silver and slw may fall another 50% before a continued rise in both the precious metals and miners, but nevermind that, it is definitely not a bad buy today. The change of name to wheaton precious metals is effective may 10, 2017. Silver wheaton has a compelling advantage over struggling miners such as vale and glencore that badly require cash to survive in the weak market. Jun 06, 20 press release mining companies yield operational efficiency, solid margins and dividends for improved shareholder value research report on vale, silver wheaton, pan american silver, royal gold.
Since 2003, has provided silver investors with the latest silver market news and information. Silver wheaton signed a streaming agreement with vale in march for rights to 25% of the life of mine gold byproducts produced at vales salobo copper mine. Vale sells an additional gold stream in copper concentrate. Download pdf version pdf format opens in new window. The new name, wheaton precious metals, better aligns with the companys diverse portfolio of both silver and gold assets. Silver wheaton acquires additional gold stream from vales salobo mine. Wheaton precious metals acquires cobalt stream from vales voiseys bay mine. Silver wheaton, a whollyowned subsidiary of silver wheaton corp. The presentation will also be available in pdf format for download. May 19, 2017 silver wheaton acquired additional interests totaling 50% of the life of mine gold production from the salobo mine over the course of 2015 and 2016, a period over which vale was looking to lower. The presentation will also be available in pdf format for download from the silver.
Nov 11, 2016 click here for the motley fool canadas resources on coronavirus and the market. Slw is pleased to announce that it has entered into a binding term sheet to acquire from a subsidiary of vale s. Wheaton precious metals acquires cobalt stream from vales. Silver wheaton acquires gold streams from vale s salobo and sudbury mines. This will lift silver wheatons purchases to a total of 75% of salobos gold stream from copper concentrate, vale said on tuesday august 2. Slw is pleased to announce that, further to the press release dated february 5, 20, silver wheaton has entered into a definitive agreement to acquire from a subsidiary of vale s. But on friday, december 9, silver wheaton stock tumbled nearly two percent in afterhours trading. Vale sa silver wheaton and vale may seem like very different businesses, but they have some notsopositive things in common. Vale an amount of finished cobalt equal to a fixed percentage of cobalt production from the voiseys bay mine the cobalt stream. Slw silver wheaton between march 30, 2011 and july 6, 2015, inclusive the class period.
The dividend payout ratio of wheaton precious metals is 71. Vale, which entitles it to 75% of the gold produced at vale. This acquisition was in addition to the 50% of the salobo gold production that wheaton precious metals was entitled to. Wo wird wheaton precious metals in 5 jahren stehen.
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