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Silver Wheaton Corp. Message Board

  • thedoccal thedoccal Mar 21, 2013 6:57 PM Flag

    Silver Wheaton reports record 2012 operating and financial results

    VANCOUVER, March 21, 2013 /PRNewswire via COMTEX/ -- TSX: SLW NYSE: SLW Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (CA:SLW)(SLW) is pleased to announce its audited results for the fourth quarter and year ended December 31, 2012. All figures are presented in United States dollars unless otherwise noted. FULL YEAR HIGHLIGHTS -- Fourth consecutive year of record attributable silver equivalent production of 29.6 million ounces compared to 25.4 million ounces in 2011, representing an increase of 17%. -- Record silver equivalent sales of 27.3 million ounces compared to 21.1 million ounces in 2011, representing an increase of 30%. -- Record revenues of $849.6 million compared to $730.0 million in 2011, representing a 16% increase. -- Record net earnings of $586.0 million ($1.66 per share) compared to $550.0 million ($1.56 per share) in 2011, representing a 7% increase. -- Record operating cash flows of $719.4 million ($2.03 per share1) compared to $626.4 million ($1.77 per share1) in 2011, representing a 15% increase. -- Cash operating margin1 of $26.79 per silver equivalent ounce, compared to $30.56 in 2011, representing a 12% decrease. -- Average cash costs1 rose to $4.30 per silver equivalent ounce, compared to $4.09 in 2011, representing a 5% increase. -- In August 2012, acquired from Hudbay Minerals Inc. ("Hudbay") a precious metals stream from its currently producing 777 mine ("777") and a silver stream from its cornerstone development project, Constancia. -- During 2012, Silver Wheaton paid $123.9 million in dividends ($0.35 per share) compared to $63.6 million in 2011 ($0.18 per share), representing a 95% increase.

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