Silver Wheaton has long-term contracts with other mining companies to buy silver at very cheap prices.
Options implied volatility on Silver Wheaton Corp. is up 9.5% at 56.33% ahead of earnings.
FORBES: Bulls Swing For The Fences With Priceline, Silver Wheaton
The winners in Exxon, Occidental Pete, Freeport McMoran, Silver Wheaton, got a bruised today.
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Silver Wheaton links its dividend payment to cash generated by operating activities in the previous quarter.
FORBES: How Bad Will Weak Prices Ding Silver Wheaton's Earnings?
And investor interest in commodity-related stocks like Silver Wheaton (SLW) and Newmont Mining (NEM) has swelled.
It has 35 stocks, with Silver Wheaton ( SLW) making up over 13%.
Silver Wheaton will be releasing its fourth-quarter and full year results March 21, after markets close.
These fixed price contracts help Silver Wheaton attain high margins (close to 70%) across all its divisions.
Silver Wheaton now forecasts 33.5 million ounces of silver equivalent production (including 145, 000 ounces of gold) in 2013.
FORBES: Silver Wheaton Looks Like A Bargain Heading Into Earnings
Metals producers like Silver Wheaton, Newmont Mning and Barrick Gold sold off hard on Wednesday, too.
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Smallwood and Silver Wheaton were well aware of the properties with more interest pointed at the Costancia mine.
FORBES: "I'd Say Our Patience Has Been Rewarded"- Silver Wheaton President And CEO
Silver Wheaton sells silver at spot market prices and does not hedge it.
Silver Wheaton Corp shares are currently trading off about 4.4% on the day.
Silver Wheaton Corp shares are currently trading down about 5.2% on the day.
Silver Wheaton signs long-term purchase agreements with mining companies (typically gold and copper mining companies) that produce silver as a by-product.
FORBES: How Bad Will Weak Prices Ding Silver Wheaton's Earnings?
Silver Wheaton has closed its previously announced deal with HudBay Minerals, Inc.
FORBES: Silver Wheaton's Worth $37 Though Hudbay Deal Could Add Upside
Silver Wheaton will receive 100% of the silver production from both projects.
FORBES: "I'd Say Our Patience Has Been Rewarded"- Silver Wheaton President And CEO
Companies like Silver Wheaton ( SLW) and Newmont Mining ( NEM) have done very well this year, capitalizing on the strong commodity prices.
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Although Silver Wheaton is not a mining company, its business model makes it very vulnerable to volatility in the prices of precious metals.
FORBES: How Bad Will Weak Prices Ding Silver Wheaton's Earnings?
It had been awhile since Silver Wheaton made any acquisitions but president and chief executive officer Randy Smallwood believed the time was right.
FORBES: "I'd Say Our Patience Has Been Rewarded"- Silver Wheaton President And CEO
Silver Wheaton will declare its first quarter results on May 10.
FORBES: How Bad Will Weak Prices Ding Silver Wheaton's Earnings?
We think this deal will benefit Silver Wheaton in multiple ways.
FORBES: Silver Wheaton's Worth $37 Though Hudbay Deal Could Add Upside
Silver Wheaton and Pan American Silver are both up 7% in the past four days and the gold miners in the GDX are up 5.7%.
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The Market Vectors Gold Miners ETF ( GDX) focuses on the larger mining companies and includes companies like Newmont Mining and Silver Wheaton in their portfolio.
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Silver Wheaton did see a big jump with year-on-year silver-equivalent ounce production with a 26% jump to 7.7 million silver-equivalent ounces from 6.1 million silver-equivalent ounces.
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He also owned significant stakes in silver miners such as Mag Silver (NYSE: MAG), Pan American Silver (NASDAQ: PAAS) and Silver Wheaton (NYSE: SLW).
Silver Wheaton (NYSE:SLW), a silver miner, surged almost 7% yesterday.
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Silver Wheaton is targeting a steep production increase by 2017.
FORBES: Silver Wheaton's Production Bodes Well For Stock Price
Most of the mining companies that Silver Wheaton works with produce silver as a by-product of their mining operations and so is a win-win arrangement for both the participating companies.
If Silver Wheaton chooses to terminate the contract with Barrick over a failure to meet its commitments, it will have a negative impact on its expected silver stream quantity by 2017.
FORBES: How Bad Will Weak Prices Ding Silver Wheaton's Earnings?
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