Silver Wheaton (Ticker: SLW)

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A Silver Wheaton é um mineira do sector da PRATA. Talvez uma das melhores opções para quem quer investir em acções do sector da PRATA, uma vez que é das poucas acções puras da PRATA.

Técnicamente encontra-se na eminência de um breakout. Se fechar acima dos C$ 4,50 dar-se-á a quebra do triângulo ascendente. Target teórico de projecção à volta dos C$ 5,80.

Recentemente, a Silver Wheaton passou também a cotar nos EUA, na AMEX, com o ticker SLW.

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Deixo aqui um gráfico actualizado da SLW. Confirma-se a quebra em alta do triângulo ascendente, com volume a aumentar.

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A Silver Wheaton foi uma das estrelas da sessão de hoje. Novo máximo histórico em fecho e volume fortíssimo.

Fica aqui o gráfico actualizado da SLW na bolsa de Toronto.

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Os mercados no Canadá estiveram encerrados ontem. Por isso apresento o gráfico actualizado da SLW cotada na AMEX.

Muito boa a sessão de ontem com continuação do movimento de breakout.

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Mais uma mineira do sector da PRATA em destaque na sessão de hoje.

A SLW fechou com uma valorização superior a 10% registando no final da sessão uma cotação de $6,80.

O volume foi excepcional, à semelhança do que acontecera na sessão de ontem (altura em que se deu o breakout que foi hoje confirmado com a enorme vela branca).

O MACD deu sinal de entrada longa e nesta altura é difícil dizer até onde poderá chegar este movimento ascendente uma vez que a SLW está em máximos históricos.

Traçando uma paralela à linha verde fluorescente, e fazendo passá-la pelo máximo atingido em SET05, consigo vislumbrar um target (à volta dos $7,10)junto ao topo desse hipotético canal ascendente. Mas se este movimento na PRATA fôr para continuar acho este target muito curto.

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 A SLW tem demosntrado, nestes últimos dias, ser a acção a ter em conta no sector da PRATA.

Recordo que esta empresa tem garantido a compra de PRATA a $3,90. É só fazer as contas...

"Silver Wheaton is the only mining company with 100% of its revenue from silver production and it expects to sell approximately 11.5 million ounces of silver in 2006 at a cash cost of $3.90 per ounce.

Silver Wheaton has agreed to purchase all the silver production from the Luismin Mines in Mexico and the Zinkgruvan Mine in Sweden.

Silver Wheaton is debt-free, unhedged and well positioned for further growth."

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SILVER WHEATON TO ACQUIRE INCREASED SILVER PRODUCTION FROM GOLDCORP OF MORE THAN 100 MILLION OUNCES OVER 24 YEARS, INCREASING ANNUAL SILVER SALES TO 15 MILLION OUNCES BY 2009


Vancouver, British Columbia – Silver Wheaton Corp. is pleased to announce that Silver Wheaton and Goldcorp Inc. ("Goldcorp") have agreed to amend their existing silver purchase agreement in connection with Goldcorp's plans to substantially increase its investment in exploration and development at its San Dimas mine in Mexico.  As a result of the planned exploration and development at San Dimas, Silver Wheaton and Goldcorp anticipate that additional silver sales will aggregate more than 100 million ounces over the remaining 24 year term of the silver purchase agreement.  It is projected that Silver Wheaton's annual silver sales will increase to approximately 11.5 million ounces for 2006, 2007 and 2008, increasing to 15 million ounces per annum thereafter.

The San Dimas mine has been in continuous production for over 100 years and is a low-cost producer of gold and silver.  As of December 31, 2004, proven and probable reserves totalled 38.4 million silver ounces, and inferred resources were estimated at 134.8 million ounces. 

Under the existing silver purchase agreement dated October 15, 2004, Silver Wheaton is entitled to purchase all of the silver produced by Goldcorp's Mexican operations, Luismin, for a per ounce cash payment of the lesser of US$3.90 and the prevailing market price (subject to an inflationary adjustment commencing in 2007).  Further, Luismin is required to deliver a minimum of 120 million ounces over the 25 year contract period and Silver Wheaton is obligated to pay 50% of any capital expenditures made by Luismin at its mining operations in excess of 110% of the projected capital expenditures outlined in the agreement.

Goldcorp and Silver Wheaton have agreed to amend the existing agreement, increasing the minimum number of ounces of silver to be delivered over the 25 year contract period by 100 million ounces, to 220 million ounces, and waiving any capital expenditure contributions previously required to be paid by Silver Wheaton.  In consideration for these amendments, Silver Wheaton will issue to Goldcorp 18 million common shares representing 9.8% of the outstanding shares of Silver Wheaton, and a US$20 million Promissory Note, increasing Goldcorp's ownership to 62%, or 126 million common shares of Silver Wheaton.  Goldcorp does not have any present intention to acquire ownership of, or control over, any additional securities of Silver Wheaton. The total consideration of US$150 million is equal to the approximate value of Silver Wheaton's share of the future capital expenditures estimated over the remaining life of the existing agreement.

Production of silver at the Luismin mines, which in 2005 approximated 8 million ounces, is expected to average approximately 9.5 million ounces for 2006, 2007 and 2008, increasing to 13 million ounces per annum thereafter. As a result of the amendment to the silver purchase agreement, Silver Wheaton will not be required to fund its 50% share of the increased capital expenditures planned by Goldcorp and will preserve its cash resources to fund growth opportunities.

The independent directors of Silver Wheaton have received an opinion from GMP Securities L.P. that the transaction is fair, from a financial point of view, to Silver Wheaton.

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Deixo aqui o gráfico actualizado da Silver Wheaton (Ticker: SLW). Não há muito a comentar uma vez que o gráfico diz tudo: novo máximo histórico, volume a acompanhar.

Até onde poderá chegar a SLW? No curto prazo talvez até aos $12 - $12,30.

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Silver Wheaton First Quarter Earnings Increase 165% to US$13.8 Million
Wednesday April 19, 4:00 pm ET


VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Apr 19, 2006 -- Silver Wheaton Corp. (TSX:SLW.TO - News)(AMEX:SLW - News) is pleased to report record first quarter net earnings and operating cash flows of US$13.8 million and US$13.9 million respectively (US$0.07 per share).

HIGHLIGHTS

- Record net earnings of $13.8 million ($0.07 per share) from the sale of 2.7 million ounces of silver, compared to $5.2 million ($0.03 per share) from the sale of 2.3 million ounces of silver in 2005.

- Record operating cash flows of $13.9 million (2005 - $5.2 million).

- In March, 2006, Silver Wheaton amended its silver purchase contract with Goldcorp, increasing the minimum number of ounces to be delivered by Goldcorp over the 25 year period by 100 million ounces, to 220 million ounces, and waiving any capital expenditure contributions previously required to be paid by Silver Wheaton. Total consideration paid by Silver Wheaton was $136 million.

- In March, 2006, the Company entered into an agreement with Glencore International AG, to purchase 4.75 million ounces of silver per year for a period of 20 years, based on the production from their Yauliyacu mining operations in Peru. Total consideration paid was $285 million. In addition, a cash payment of $3.90 per ounce of silver delivered under the contract is due, subject to an inflationary adjustment.

- In March, 2006, the Company announced a Cdn$175 million public offering of 14.6 million common shares at a price of Cdn$12.00 per share, on a bought deal basis. The underwriters have an option to increase the size of the offering to approximately Cdn$200 million. The offering is expected to close during April 2006, at which time the proceeds will be used to repay debt.

"These results are spectacular, obviously assisted by continuing strong silver prices," said Eduardo Luna, Chairman. "We expect our second quarter to be even better, as a result of silver sales starting up under our new Yauliyacu silver contract."

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Fica aqui o gráfico diário actualizado: