What is on Silver Wheaton Corp (NYSE:SLW) mind

Posted by Kristi Scott September 25, 2013 0 Comment 1880 views

In a major development Silver Wheaton Corp (NYSE:SLW) said that it is interested in getting streaming contract from Glencore Xstrata Plc’s which helps companies in future output of precious metals. “About 5 percent of the revenue from Las Bambas comes from gold and silver, from precious metals, and it’s definitely a project that’s got healthy margins,” Smallwood said. “We think that a streaming contract would add a lot of value to the sales process.”

Tuesday’s trading

In Tuesday’s trading session, Silver Wheaton Corp (NYSE:SLW) stock dipped by 0.41%. The opening price of the shares was $24.01 which rose to an intraday high of $24.43 and dropped to a close of $24.18. Approximately 6.02 million shares were traded on Tuesday and an average volume of 7.23 million shares were traded over 30 days. The 52-week low of the shares is $17.75 and the 52-week high is $41.30. The company has a market capitalization of $8.58 billion.

The company

Silver Wheaton Corp (NYSE:SLW) is a mining-company. It generates revenue mainly from selling silver. As of 31 December 2012, it had signed 20 long-term silver purchase-agreements and 2 long term precious-metal purchase-agreements. These were related to 23 different mining-assets. The company acquires gold and silver and gold from its counter parties for a cash-payment on a per ounce basis. Silver Wheaton Ltd. and Silverstone Resources Corp are its subsidiaries.

About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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