Silver Wheaton Reports Record Attributable Reserves and Resources in 2009
By Silver Wheaton Corp., PRNESunday, February 28, 2010
VANCOUVER, Canada, March 1, 2010 - TSX: SLW
NYSE: SLW
Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX, NYSE:SLW)
is pleased to announce that attributable proven and probable reserves more
than doubled in 2009, including an increase of 431 million ounces of silver
and 220,000 ounces of gold, to a record 875 million silver equivalent
ounces(1). Over the same period, attributable measured and indicated
resources increased by 72%, including an increase of 141 million ounces of
silver and 180,000 ounces of gold, to a record 366 million silver equivalent
ounces. Attributable inferred resources increased by 4%, including an
increase of 12 million ounces of silver and 50,000 ounces of gold, to a
record 408 million silver equivalent ounces.
Silver Wheaton's acquisition during the year of Silverstone Resources
Corp., together with the Barrick silver stream agreement, by which it
acquired 25% of the life of mine silver production from the Pascua-Lama
project, as well as 100% of the silver production from the Veladero, Lagunas
Norte and Pierina mines until the end of 2013, was responsible for a
significant portion of the Company's total reserve growth in 2009. In
addition, continued exploration success at the mines from which Silver
Wheaton purchases its silver, led to organic reserve growth of approximately
5%.
The table below summarizes the growth in attributable silver reserves
year over year. Year end reserve and resource updates for the Mineral Park,
Campo Morado, Stratoni, Cozamin and La Negra mines are forthcoming and have
not been included in this calculation.
Proven and Probable Silver Reserves as of December 31, 2008 429.7Moz
Net acquisitions during 2009 418.1Moz
Mined ounces during 2009 (includes silver lost to process) (19.5)Moz
Organic reserve growth during 2009 32.4Moz
---------
Proven and Probable Silver Reserves as of Dec 31, 2009 860.8Moz
Proven and Probable Gold Reserves as of Dec 31, 2009 220Koz
---------
Total Proven and Probable Silver Eq. Reserves as of
Dec 31, 2009(1) 875.3Moz
Subsequent to the end of 2009, the Company acquired the life of mine
silver and gold production from the Rosemont project located in Arizona, and
converted a debenture to acquire 12.5% of the life of mine silver production
from the Loma de La Plata zone of the Navidad project in Argentina, further
increasing Silver Wheaton's reserve and resource base.
"We had another year of exceptional reserve growth, fueled by the Barrick
and Silverstone acquisitions," said Peter Barnes, Chief Executive Officer of
Silver Wheaton. "We are particularly proud that our record of increased
silver reserves, on both an absolute and per share basis, has now been
extended to five consecutive years. Such an achievement speaks to the
high-quality of the mines underlying our silver purchase agreements, and to
our track-record of completing accretive acquisitions creating significant
long-term value. As 2010 progresses, we are confident that our partners will
continue to build resources, while we focus on identifying additional
high-quality silver stream opportunities."
1. A gold/silver ratio of 65:1 was used to calculate silver equivalent
ounces
Silver Wheaton's Attributable Reserves and Resources as of
December 31, 2009
----------------------------------------------------------
------------------------------------------------------------------------
Proven & Probable Reserves Attributable to Silver Wheaton(1,2,3,8,16,17)
------------------------------------------------------------------------
As of December Proven Probable
31, 2009 unless --------------------------------------------------------
otherwise Tonnage Grade Contained Tonnage Grade Contained
noted(6) Mt g/t Moz Mt g/t Moz
------------------------------------------------------------------------
SILVER
Penasquito (25%)
Mill 145.1 33.1 154.5 141.0 23.0 104.4
Heap Leach 18.1 14.8 8.6 - - -
Luismin
San Dimas 2.0 371.0 24.0 3.6 320.8 36.9
Los Filos(10) 22.3 4.2 3.0 54.1 3.2 5.5
San Martin 0.3 15.0 0.1 0.5 38.0 0.6
Pascua-Lama (25%) 9.6 59.9 18.4 86.6 53.7 149.4
Lagunas Norte(11) 7.3 4.0 0.9 84.2 3.6 9.8
Veladero(12) 19.4 12.6 7.8 20.2 11.7 7.6
Pierina 6.6 13.6 2.9 106.0 15.4 52.5
Yauliyacu(13) 1.0 106.1 3.5 1.8 130.8 7.6
Zinkgruvan
Zinc 8.7 102.0 28.4 2.4 56.0 4.4
Copper 2.8 30.0 2.7 0.1 30.0 0.1
Mineral Park(14) 315.9 2.9 28.9 81.3 2.5 6.4
Minto 9.8 6.1 1.9 1.1 4.3 0.2
Aljustrel
Zinc - - - 13.1 62.9 26.6
Copper - - - 1.7 14.6 0.8
Neves-Corvo
Copper 18.5 43.0 25.6 2.0 54.0 3.5
Zinc 39.3 61.0 77.1 14.8 55.0 26.3
Stratoni 2.1 185.0 12.6 0.2 216.0 1.3
Cozamin
Copper 1.6 76.9 4.0 6.5 55.4 11.6
La Negra (50%) 0.1 76.9 0.3 0.1 69.5 0.2
------------------------------------------------------------------------
TOTAL SILVER 405.5 455.3
------------------------------------------------------------------------
------------------------------------------------------------------------
GOLD
Minto(15) 9.8 0.67 0.21 1.1 0.38 0.01
------------------------------------------------------------------------
TOTAL GOLD 0.21 0.01
------------------------------------------------------------------------
------------------------------------------------------------------------
---------------------------------------------------------
Proven & Probable Reserves Attributable to
Silver Wheaton(1,2,3,8,16,17)
---------------------------------------------------------
Proven & Probable
As of December -----------------------------------------
31, 2009 unless Process
otherwise Tonnage Grade Contained Recovery(7)
noted(6) Mt g/t Moz %
---------------------------------------------------------
SILVER
Penasquito (25%)
Mill 286.2 28.1 258.9 26%
Heap Leach 18.1 14.8 8.6 48%
Luismin
San Dimas 5.6 338.9 60.9 94%
Los Filos(10) 76.4 3.5 8.6 5%
San Martin 0.8 28.9 0.7 55%
Pascua-Lama (25% 96.1 54.3 167.8 78%
Lagunas Norte(11 91.5 3.6 10.7 20%
Veladero(12) 39.5 12.1 15.4 6%
Pierina 112.7 15.3 55.4 44%
Yauliyacu(13) 2.8 121.9 11.0 86%
Zinkgruvan
Zinc 11.1 92.0 32.7 68%
Copper 2.9 30.0 2.8 78%
Mineral Park(14) 397.2 2.8 35.4 56%
Minto 10.9 5.9 2.1 88%
Aljustrel
Zinc 13.1 62.9 26.6 30%
Copper 1.7 14.6 0.8 37%
Neves-Corvo
Copper 20.5 44.1 29.1 36%
Zinc 54.2 59.4 103.4 23%
Stratoni 2.3 187.5 13.9 90%
Cozamin
Copper 8.1 59.7 15.5 75%
La Negra (50%) 0.2 73.9 0.6 78%
---------------------------------------------------------
TOTAL SILVER 860.8
---------------------------------------------------------
---------------------------------------------------------
GOLD
Minto(15) 10.9 0.64 0.22 77%
---------------------------------------------------------
TOTAL GOLD 0.22
---------------------------------------------------------
---------------------------------------------------------
------------------------------------------------------------------------
Measured & Indicated Resources Attributable to Silver
Wheaton(1,2,3,4,5,9,16,17,18)
------------------------------------------------------------------------
As of December Measured Indicated
31, 2009 unless --------------------------------------------------------
otherwise Tonnage Grade Contained Tonnage Grade Contained
noted(6) Mt g/t Moz Mt g/t Moz
------------------------------------------------------------------------
SILVER
Penasquito (25%)
Mill - - - 117.9 25.7 97.2
Heap Leach - - - 1.9 8.6 0.5
Luismin
Los Filos(10) 0.6 4.2 0.1 5.1 3.6 0.6
Pascua-Lama (25%) 3.0 31.3 3.0 31.8 30.4 31.0
Pierina 3.0 9.5 0.9 2.7 7.9 0.7
Yauliyacu(13) 0.5 128.9 2.2 5.9 215.9 41.1
Zinkgruvan
Zinc 1.6 91.6 4.7 2.7 126.5 10.9
Copper 1.4 27.2 1.2 0.1 23.6 0.1
Mineral Park(14) 101.0 2.6 8.4 175.6 2.7 15.2
Minto 5.1 2.9 0.5 13.7 3.4 1.5
Aljustrel
Zinc 5.5 50.5 9.0 7.8 56.0 14.0
Copper 0.9 24.1 0.7 3.7 13.3 1.6
Campo Morado (75%) 0.4 257.9 3.1 5.0 173.4 27.7
Neves-Corvo
Copper 13.6 56.3 24.7 1.8 59.4 3.4
Zinc 23.1 56.0 41.6 1.7 50.8 2.8
Cozamin
Zinc - - - 1.5 38.3 1.8
Keno Hill (25%) - - - 0.1 920.5 3.0
La Negra (50%) 0.3 124.0 1.0 0.1 124.1 0.5
------------------------------------------------------------------------
TOTAL SILVER 101.1 253.7
------------------------------------------------------------------------
------------------------------------------------------------------------
GOLD
Minto 5.1 0.30 0.05 13.7 0.29 0.13
------------------------------------------------------------------------
TOTAL GOLD 0.05 0.13
------------------------------------------------------------------------
------------------------------------------------------------------------
--------------------------------------------
Measured & Indicated Resources Attributable
to Silver Wheaton(1,2,3,4,5,9,16,17,18)
--------------------------------------------
Measured & Indicated
As of December ----------------------------
31, 2009 unless
otherwise Tonnage Grade Contained
noted(6) Mt g/t Moz
--------------------------------------------
SILVER
Penasquito (25%)
Mill 117.9 25.7 97.2
Heap Leach 1.9 8.6 0.5
Luismin
Los Filos(10) 5.7 3.7 0.7
Pascua-Lama (25%) 34.8 30.4 34.0
Pierina 5.8 8.7 1.6
Yauliyacu(13) 6.5 208.6 43.3
Zinkgruvan
Zinc 4.3 113.5 15.6
Copper 1.5 26.9 1.3
Mineral Park(14) 276.6 2.7 23.6
Minto 18.8 3.2 2.0
Aljustrel
Zinc 13.3 53.7 23.0
Copper 4.6 15.5 2.3
Campo Morado (75%) 5.3 179.2 30.7
Neves-Corvo
Copper 15.4 56.7 28.1
Zinc 24.8 55.7 44.4
Cozamin
Zinc 1.5 38.3 1.8
Keno Hill (25%) 0.1 920.5 3.0
La Negra (50%) 0.4 124.1 1.5
--------------------------------------------
TOTAL SILVER 354.7
--------------------------------------------
--------------------------------------------
GOLD
Minto 18.8 0.29 0.18
--------------------------------------------
TOTAL GOLD 0.18
--------------------------------------------
--------------------------------------------
------------------------------------------------------------------------
Inferred Resources Attributable to Silver Wheaton (1,2,3,5,9,16,17,18)
------------------------------------------------------------------------
INFERRED
As of December 31, 2009 unless otherwise ---------------------------
noted(6) Tonnage Grade Contained
Mt g/t Moz
------------------------------------------------------------------------
SILVER
Penasquito (25%)
Mill 36.7 17.3 20.4
Luismin
San Dimas 15.2 317.1 154.6
Los Filos(10) 50.8 1.7 2.7
San Martin 2.7 115.6 10.0
Pascua-Lama (25%) 5.5 18.9 3.3
Pierina 3.7 13.8 1.6
Yauliyacu(13) 15.4 158.3 78.2
Zinkgruvan
Zinc 4.3 67.0 9.3
Copper 1.2 30.0 1.1
Mineral Park(14) 320.1 2.3 23.9
Minto 5.9 2.9 0.6
Aljustrel
Zinc 10.6 48.6 16.6
Copper 2.2 11.7 0.8
Campo Morado (75%) 1.4 174.5 7.7
Neves-Corvo
Copper 26.4 35.0 29.8
Zinc 20.4 56.0 36.8
Stratoni 0.6 207.0 4.1
Cozamin
Copper 1.0 51.2 1.6
Zinc 0.6 35.8 0.6
Keno Hill (25%) 0.0 320.2 0.3
La Negra (50%) 0.1 78.6 0.3
------------------------------------------------------------------------
TOTAL SILVER 404.4
------------------------------------------------------------------------
------------------------------------------------------------------------
GOLD
Minto 5.86 0.25 0.05
------------------------------------------------------------------------
TOTAL GOLD 0.05
------------------------------------------------------------------------
------------------------------------------------------------------------
Notes:
1. All Mineral Reserves and Mineral Resources have been calculated in
accordance with the standards of the Canadian Institute of Mining, Metallurgy
and Petroleum, National Instrument 43-101, or the AusIMM JORC equivalent.
2. Mineral Reserves and Mineral Resources are reported above in millions
of metric tonnes (Mt), grams per metric tonne (g/t), and millions of ounces
(Moz).
3. Individual Qualified Persons for the Mineral Reserve and Mineral
Resource estimates as defined by the National Instrument 43-101 are as
follows:
a. Penasquito - Bob Bryson, MMSA, (Vice-President, Engineering), Goldcorp
Inc.
b. San Dimas - Reynaldo Rivera, MAusIMM (Vice-President Exploration),
Goldcorp Mexico; Velasquez Spring, P.Eng. (Senior Geologist) Watts, Griffis
and McOuat Ltd.
c. Pascua-Lama - as disclosed in the Barrick press release dated February
18, 2010.
d. Yauliyacu - Neil Burns, M.Sc., P.Geo., (Director, Geology) and Samuel
Mah, M.A.Sc., P.Eng. (Director, Engineering), both employees of the Company
(the Company's QPs)
The Company QP's are responsible for overall corporate review and all
other operations and development projects.
4. The Mineral Resources reported in this table are exclusive of Mineral
Reserves. The Minto, Neves-Corvo and Aljustrel mines report Mineral Resources
inclusive of Mineral Reserves. The Company's QPs have made the exclusive
Mineral Resource estimates for these mines based on average mine recoveries
and dilution.
5. Mineral Resources which are not Mineral Reserves, do not have
demonstrated economic viability.
6. Mineral Reserves and Mineral Resources are reported as of December 31,
2009, other than the following:
a. Resources and Reserves for San Martin are reported as of July 1, 2009
except for San Pedrito which is reported as of December 31, 2006.
b. Resources and Reserves for Mineral Park are reported as of December
29, 2006.
c. Resources for Minto are reported as of June 9, 2009 for Area 2, 118
and Ridgetop, as of December 1, 2009 for Minto North and as of December 31,
2008 for Minto Main.
d. Resources and Reserves for Aljustrel are reported as of December 31,
2007.
e. Resources for Campo Morado are reported as of February 29, 2008.
f. Resources and Reserves for Stratoni are reported as of June 24, 2009.
g. Resources and Reserves for Cozamin are reported as of March 31, 2009.
h. Resources for Keno Hill are reported as of June 30, 2008.
i. Resources for La Negra are reported as of February 15, 2008 for the
Alacran, March 14, 2008 for the Monica and December 31, 2009 for Maravillas.
7. Process recoveries are the average percentage of silver in a saleable
product (dore or concentrate) recovered from mined ore at the applicable site
process plants as reported by the operators.
8. Mineral Reserves are estimated using appropriate process recovery
rates and commodity prices of US$13 per ounce of silver unless otherwise
noted below:
a. San Martin - US$10.00 per ounce
b. Pascua-Lama, Lagunas Norte, Veladero and Pierina - US$14.00 per ounce
c. Yauliyacu - US$13.00 per ounce
d. Zinkgruvan -US$3.90 per ounce
e. Mineral Park - 0.237% Cu equivalent cut-off grade (hypogene), 0.283%
Cu equivalent cut-off grade (supergene). Copper equivalent considers only
copper and molybdenum values.
f. Minto - internal cut-offs of US$24.18 for Minto North, US$25.47 for
Ridgetop and US$24.94 for Area 2/ 118 based on a NSR model generated using
US$2.00 per pound Cu.
g. Aljustrel - 1.5% copper cut-off for all copper Reserves and the zinc
cut-offs were 4.5%, 4.0% and 4.0% respectively for the Feitais, Moinho and
Estacao zinc Reserves.
h. Neves-Corvo - 1.6% copper cut-off for the copper reserve and 4.6% zinc
cut-off for the zinc Reserve.
i. Cozamin - US$4.00 per ounce
9. Mineral Resources are estimated using appropriate recovery rates and
commodity prices of US$15 per ounce of silver, unless otherwise noted below:
a. San Martin (excluding San Pedrito) - US$10.00 per ounce; San Martin
(San Pedrito only) - US$5.50 per ounce
b. Pascua-Lama, Lagunas Norte, Veladero, and Pierina - US$14.50 per ounce
c. Zinkgruvan - US$3.90 per ounce
d. Mineral Park - 0.225% Cu Equivalent cut-off grade. Copper equivalent
considers only copper and molybdenum values.
e. Minto - 0.5% copper cut-off.
f. Aljustrel - 1.5% copper cut-off for all copper Resources and the zinc
cut-offs were 4.5%, 4.0% and 4.0% respectively for the Feitais, Moinho and
Estacao zinc Resources.
g. Campo Morado - 5.0% zinc only cut-off grade.
h. Neves-Corvo - 1.0% copper cut-off for copper Resource and 3.0% zinc
cut-off for the zinc Resource.
i. Cozamin - 1.15% copper cut-off for San Roberto Area and 3.0% zinc
cut-off for San Rafael Area.
j. Keno Hill - US$15.25 per ounce for the Southwest and 99 Zones and
US$14.50 per ounce for the East Zone.
k. La Negra (Alacran) - US$12.00 per ounce; La Negra (Monica) - US $13.50
per ounce
10. Los Filos Resources and Reserves are reported without the Bermejal
deposit, as Bermejal is not subject to the silver sales agreement.
11. The Company's attributable tonnage at Lagunas Norte was estimated by
assuming 2008 production levels for four years. This tonnage was pro- rated
between Proven and Probable Reserves according to the ratio of the December
31, 2009 Proven and Probable Reserves for Lagunas Norte as published by
Barrick, applying average reserve grades.
12. The Company's attributable tonnage at Veladero is estimated based on
a production rate of 85,000 tonnes per day for four years. This tonnage was
pro-rated between Proven and Probable Reserves according to the ratio of the
December 31, 2009 Proven and Probable Reserves for Veladero as published by
Barrick, applying average reserve grades.
13. The Company's purchase agreement with Glencore provides for the
delivery of up to 4.75 million ounces of silver per year for 20 years so long
as production allows. In the event that silver produced at Yauliyacu in any
year totals less than 4.75 million ounces, the maximum amount to be sold to
the Company in subsequent years will be increased to make up the shortfall.
14. The Mineral Park Resources and Reserves do not include the SX/EW
leach material since this process does not recover silver.
15. A portion of the Proven Reserve at Minto consists of stockpiled
material (779,000 tonnes) which has not been assayed for gold because the
on-site laboratory does not have the ability. A gold grade of 0.67 g/t has
been assumed for the stockpile based on a statistical analysis of grade
trends during the period which it accumulated.
16. The Company has filed a technical report for each of San Dimas,
Yauliyacu, Penasquito and Pascua-Lama on SEDAR.
17. Silver is produced as a by-product metal at all operations with the
exception of the Keno Hill project; therefore, the economic cut-off applied
to the reporting of silver Resources and Reserves will be influenced by
changes in the commodity prices of other metals at the time.
18. Subsequent to the end of 2009, the Company (a) elected to convert the
debenture with Pan American Silver Corp. into an agreement to purchase 12.5%
of the life of mine payable silver from the Loma de la Plata zone, one of
seven zones comprising the Navidad project; and (b) completed a precious
metals purchase agreement with Augusta Resource Corporation whereby the
Company acquired 100% of the life of mine payable silver and gold from the
Rosemont Project in Arizona, U.S. Attributable reserves and resources from
these projects are not included in the above reserve and resource statement.
CAUTIONARY LANGUAGE REGARDING RESERVES AND RESOURCES
For further information on Mineral Reserves and Mineral Resources and on
Silver Wheaton more generally, readers should refer to Silver Wheaton's
Annual Information Form for the year ended December 31, 2008, and other
continuous disclosure documents filed by Silver Wheaton since January 1,
2009, available on SEDAR at www.sedar.com. Silver Wheaton's Mineral Reserves
and Mineral Resources are subject to the qualifications and notes set forth
therein. Mineral Resources which are not Mineral Reserves do not have
demonstrated economic viability.
Cautionary Note to United States Investors Concerning Estimates of
Measured, Indicated and Inferred Mineral Resources: The information contained
herein uses the terms "Measured", "Indicated" and "Inferred" Mineral
Resources. United States investors are advised that while such terms are
recognized and required by Canadian regulations, the United States Securities
and Exchange Commission does not recognize them and expressly prohibits U.S.
registered companies from including such terms in their filings with the SEC.
"Inferred Mineral Resources" have a great amount of uncertainty as to their
existence, and as to their economic and legal feasibility. It cannot be
assumed that all or any part of an Inferred Mineral Resource will ever be
upgraded to a higher category. Under Canadian rules, estimates of Inferred
Mineral Resources may not form the basis of feasibility or other economic
studies. United States investors are cautioned not to assume that all or any
part of Measured or Indicated Mineral Resources will ever be converted into
Mineral Reserves. United States investors are also cautioned not to assume
that all or any part of an Inferred Mineral Resource exists, or is
economically or legally mineable. United States investors are urged to
consider closely the disclosure in Silver Wheaton's Form 40-F, a copy of
which may be obtained from Silver Wheaton or from
www.sec.gov/edgar.shtml. Mr. Randy V.J. Smallwood, P.Eng., President
of Silver Wheaton, is a "qualified person" as such term is defined under
National Instrument 43-101, and has reviewed and approved the contents of
this news release.
CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS
The information contained herein contains "forward-looking statements"
within the meaning of the United States Private Securities Litigation Reform
Act of 1995 and "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking statements, which
are all statements other than statements of historical fact, include, but are
not limited to, statements with respect to the future price of silver and
gold, the estimation of mineral reserves and resources, the realization of
mineral reserve estimates, the timing and amount of estimated future
production, costs of production, reserve determination and reserve conversion
rates. Generally, these forward-looking statements can be identified by the
use of forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or statements that certain actions,
events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved". Forward-looking statements are subject to known and
unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of Silver Wheaton to
be materially different from those expressed or implied by such
forward-looking statements, including but not limited to: fluctuations in the
price of silver and gold; the absence of control over mining operations from
which Silver Wheaton purchases silver or gold and risks related to these
mining operations including risks related to fluctuations in the price of the
primary commodities mined at such operations, actual results of mining and
exploration activities, economic and political risks of the jurisdictions in
which the mining operations are located and changes in project parameters as
plans continue to be refined; and differences in the interpretation or
application of tax laws and regulations; as well as those factors discussed
in the section entitled "Description of the Business - Risk Factors" in
Silver Wheaton's Annual Information Form available on SEDAR at
www.sedar.com and in Silver Wheaton's Form 40-F on file with the U.S.
Securities and Exchange Commission in Washington, D.C. Forward-looking
statements are based on assumptions management believes to be reasonable,
including but not limited to: the continued operation of the mining
operations from which Silver Wheaton purchases silver or gold, no material
adverse change in the market price of commodities, that the mining
operations will operate and the mining projects will be completed in
accordance with their public statements and achieve their stated production
outcomes, and such other assumptions and factors as set out herein. Although
Silver Wheaton has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate. Accordingly, readers
should not place undue reliance on forward-looking statements. Silver
Wheaton does not undertake to update any forward-looking statements that
are included or incorporated by reference herein, except in accordance
with applicable securities laws.
For further information: Brad Kopp, Vice President, Investor Relations,
Silver Wheaton Corp., Tel: 1-800-380-8687, Email: info@silverwheaton.com,
Website: www.silverwheaton.com (SLW. SLW)
For further information: Brad Kopp, Vice President, Investor Relations, Silver Wheaton Corp., Tel: +1-800-380-8687, Email: info at silverwheaton.com
Tags: canada, March 1, Silver Wheaton Corp, Vancouver
