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.
Silver Wheaton, even without God Peter Barnes, is still God's Silver Warehouse. Don't F with this company. Go long and stay long. That Pascua idiot makes me laugh my bass off.
Teens. The bull may be over as well. If silver and gold take out their critical supports buyers will evaporate for a while to come.
You did good my friend. Sit tight. I got in the day before you did, and I always nail the bottom.
Look for this before the open tomorrow, then celebrate the gap up opening:
FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the "Company" or "First Majestic") is pleased to announce that its unaudited 2012 first quarter financial results will be released on Thursday, May 10th, 2012, prior to market open.