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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. 〔〔(【引用サイトリンク】title=Silver Wheaton Financial Highlights )〕〔(【引用サイトリンク】title=silver wheaton )〕〔(【引用サイトリンク】title=Silver Wheaton company summary )〕 Large silver streaming contracts have also meant that growth doesn't require capital expenditure (low risk).〔 ==History== 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.〔(【引用サイトリンク】title=Goldcorp 2007 Annual Report )〕 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).〔(【引用サイトリンク】title=Silverstone Resources Corp )〕〔(【引用サイトリンク】title=tsx venture exchange Tiers and Industry Segments )〕 ==Contracts== 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.〔(【引用サイトリンク】title=Vancouver silver companies close $190 million merger deal )〕 In 3q2012 it started receiving gold from HudBay's 777 polymetallic mine in Manitoba (). 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).〔(【引用サイトリンク】title=Silver Wheaton 2012 Annual Report )〕 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.〔(【引用サイトリンク】title=Silver Wheaton Corp. is poised to profit from the White Metal's Rally )〕〔(【引用サイトリンク】title=Silver Wheaton (SLW) )〕 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 6.572m in 2012, 5.284m 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.〔(【引用サイトリンク】title=The Canadian Business Journal )〕 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. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Silver Wheaton」の詳細全文を読む スポンサード リンク
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