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