Silver Ins

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TUVALU AUSTRALIA 2 oz SILVER ALICE IN WONDERLAND CLOCK
tuvalu australia 2 oz silver alice in wonderland clock
$199.95
quality
1962 Type B Washington Quarter 25C ICG MS67 4500 Guide Value in MS67
1962 type b washington quarter 25c icg ms67 4500 guide value in ms67
$365.00
quality
FLAT EARTH in Fine Silver
flat earth in fine silver
$50.00
quality
Silver Proof Austria 1974 100 Schilling Imperial Eagle Olympics In Innsbruck F S
silver proof austria 1974 100 schilling imperial eagle olympics in innsbruck f s
$29.95
quality
Incredible HIGH GRADE 1938 P Birth year 5 coin BU set In Whitman Holder
incredible high grade 1938 p birth year 5 coin bu set in whitman holder
$169.00
quality
1885 S Morgan Silver Dollar 1 Coin ICG MS63 Rare in MS63 388 Value
1885 s morgan silver dollar 1 coin icg ms63 rare in ms63 388 value
$314.90
quality
1882 GSA Hoard Unc CC Morgan Silver Dollar in box with authentication
1882 gsa hoard unc cc morgan silver dollar in box with authentication
$240.00
quality
1954 S Washington Quarter 25C Certified PCGS MS67 Rare in MS67 350 Value
1954 s washington quarter 25c certified pcgs ms67 rare in ms67 350 value
$267.90
quality
1869 Seated Liberty Silver Dollar 1 Certified ICG MS60 Details Rare in UNC
1869 seated liberty silver dollar 1 certified icg ms60 details rare in unc
$1,452.30
quality
1946 thru 2018 S Proof 717 Roosevelt DimesMint State BU 204 Dimes in all
1946 thru 2018 s proof 717 roosevelt dimesmint state bu 204 dimes in all
$900.99
quality
1896 O Morgan Silver Dollar 1 ICG MS61 Rare in UNC BU 2250 Guide Value
1896 o morgan silver dollar 1 icg ms61 rare in unc bu 2250 guide value
$910.55
quality
1999 UNITED STATES MINT SILVER PROOF SET IN BOX WITH COA
1999 united states mint silver proof set in box with coa
$64.99
quality
1897 O Morgan Silver Dollar NGC AU55 Rare Date in AU55 Near MS UNC
1897 o morgan silver dollar ngc au55 rare date in au55 near ms unc
$230.30
quality
1898 S BARBER HALF DOLLAR in EXTREMELY FINE EF CONDITION
1898 s barber half dollar in extremely fine ef condition
$410.00
quality
Niue 2011 2 Conquest of Space First Man in Space 999 Proof 1Oz Silver Coin
niue 2011 2 conquest of space first man in space 999 proof 1oz silver coin
$59.00
quality
1896 S Morgan Silver Dollar 1 ICG MS63 Rare Date in MS63 4500 Value
1896 s morgan silver dollar 1 icg ms63 rare date in ms63 4500 value
$3,510.90
quality
Rare 10c Lot of 71 Silver Mercury Dime Collection in Wayte Raymond Album Boards
rare 10c lot of 71 silver mercury dime collection in wayte raymond album boards
$300.00
quality
GREECE 1883 A 1 DRACHMA KM38 GEORGE I SILVER NICE COIN IN F CONDITION OR BETTER
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$35.00
quality
UNITED STATES SILVER MINT SET RUN 1999 THRU 2010 IN ORIGINAL PACKAGING WITH COA
united states silver mint set run 1999 thru 2010 in original packaging with coa
$499.95
quality
1882 P 1882 Morgan Silver Dollar 1 ICG MS65 Rare in MS65 585 Value
1882 p 1882 morgan silver dollar 1 icg ms65 rare in ms65 585 value
$249.10
quality
1948 S Washington Quarter 25C Certified NGC MS67 Rare in MS67 460 Value
1948 s washington quarter 25c certified ngc ms67 rare in ms67 460 value
$274.36
quality
1903 10c PCGS MS66 Barber Head Dime slight mirrored color tone tough in grade
1903 10c pcgs ms66 barber head dime slight mirrored color tone tough in grade
$1,625.00
quality
1896 S Morgan Silver Dollar 1 Coin NGC AU Details Rare Date in AU
1896 s morgan silver dollar 1 coin ngc au details rare date in au
$393.64
quality
1880 P 1880 Morgan Silver Dollar 1 ICG MS65 Rare in MS65 660 Value
1880 p 1880 morgan silver dollar 1 icg ms65 rare in ms65 660 value
$324.30
quality
10 1 GRAM 0999+ PURE SILVER ROUNDS MADE IN THE MORGAN DOLLAR DESIGN 2p3
10 1 gram 0999+ pure silver rounds made in the morgan dollar design 2p3
$22.95
quality
2008 SILVER American Eagle Proof Brilliant Uncirculated in orig mint box
2008 silver american eagle proof brilliant uncirculated in orig mint box
$44.95
quality
1946 Design in 6 Canadian Silver Half Dollar
1946 design in 6 canadian silver half dollar
$39.95
quality
1882 Morgan Silver Dollar 1 1882 P PCGS MS66 PQ Very Rare in MS66 Grade
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$1,069.60
quality

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Silver Ins

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Diners, Drive-ins and Dives - Gold 'N Silver Inn, Reno, Nevada

Silver Wheaton Reports Record 2012 Operating and Financial Results.

VANCOUVER
 city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border.
,
British Columbia
 province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada.
Geography

, March 22, 2013 /PRNewswire/ --

TSX

TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:
SLW

SLW Super-Cooled Liquid Water
SLW Single Line Working
SLW Straight-Line Wavelength
SLW Surgical Licensed Ward
SLW Space-based Laser Weapon
 

NYSE

: SLW

Silver
Wheaton

1 City (1990 pop. 51,464), seat of Du Page co., NE Ill., a residential suburb of Chicago; inc. 1859. It is a religious center and the headquarters of the Theosophical Society of America. Many evangelical organizations are also based there.
 Corp. ("Silver Wheaton" or the
"Company") (TSX:SLW) (NYSE:SLW) is pleased to announce its
audited results for the fourth quarter and year ended
December
 see month.
 31, 2012.
All figures are presented in
United States
 officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.
 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
share[sup.[] [sup.1]]) compared to $626.4 million ($1.77 per
share[sup.[] [sup.1]]) in 2011, representing a 15% increase.

* Cash
operating margin

[sup.[] [sup.1]] of $26.79 per silver
equivalent
ounce
 in zoology: see leopard.


ounce, unit of measurement
 see English units of measurement.
, compared to $30.56 in 2011, representing a 12%
decrease.

* Average cash costs[sup.[] [sup.1]] 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.

FOURTH QUARTER HIGHLIGHTS

* Record attributable silver equivalent production of 8.5 million
ounces compared to 6.9 million ounces in Q4 2011 and 7.7 million ounces
in Q3 2012, representing an increase of 22% and 10%, respectively.

* Record silver equivalent sales of 9.1 million ounces compared to
6.0 million ounces in Q4 2011 and 5.1 million ounces in Q3 2012,
representing an increase of 53% and 78%, respectively.

* Record revenues of $287.2 million compared to $191.9 million in Q4
2011, representing a 50% increase.

* Record net earnings of $177.7 million ($0.50 per share) compared
to $144.7 million ($0.41 per share) in Q4 2011, representing a 23%
increase.

* Record operating cash flows of $254.0 million ($0.72 per
share[sup.[] [sup.1]]) compared to $163.7 million ($0.46 per
share[sup.[] [sup.1]]) in Q4 2011, representing a 55% increase.

* Cash operating margin[sup.[] [sup.1]] of $26.76 per silver
equivalent ounce, compared to $28.06 in Q4 2011, representing a 5%
decrease.

* Average cash costs[sup.[] [sup.1]] rose to $4.70 per silver
equivalent ounce, compared to $4.06 per silver equivalent ounce in Q4
2011, representing a 16% increase, driven primarily by higher costs
associated with silver and gold from the Hudbay 777 mine ($5.90 and $400
per ounce of silver and gold, respectively).

*
Declared
  
v. de·clared, de·clar·ing, de·clares

v.tr.
1. To make known formally or officially. See Synonyms at announce.

2. To state emphatically or authoritatively; affirm.

3.
 quarterly dividend of $0.14 per common share,
representing 20% of the cash generated by operating activities during
the three months ended December 31, 2012.

2013 OUTLOOK

* Silver Wheaton anticipates a 13% year over year increase in its
2013 attributable production to
approximately
  
adj.
1. Almost exact or correct:

2.
 33.5 million silver
equivalent ounces, including 145 thousand ounces of gold.

* In 2017, the Company forecasts 53 million ounces of silver
equivalent production (including 180 thousand ounces of gold), which
represents an increase of 79% from 2012.

* The acquisition of the Salobo and
Sudbury
 city (1991 pop. 92,884), central Ont., Canada. It is the center of Canada's largest mining region, which produces much of the world's nickel and large quantities of copper, platinum, gold, silver, cobalt, and sulfur.
 gold streams from Vale
S.A. ("Vale") subsequent to December 31, 2012, is expected to
double Silver Wheaton's attributable gold production over the next
five years. Coupled with a full year of attributable production from
Hudbay's 777 mine, acquired in August 2012, these cornerstone
assets will drive the company's production growth in 2013.

* As per the Company's news release dated March 19, 2013,
attributable silver and gold reserves increased to 851.4 million ounces
and 4.96 million ounces, respectively, as a result of organic and
acquisition growth,
inclusive of

prep.
Taking into consideration or account; including.
 the acquisition of gold streams from
Vale's Salobo and Sudbury mines. Based on reserve estimates as at
December 31, 2012[sup.[] [sup.1]], following the Vale transaction,
silver equivalent reserves attributable to Silver Wheaton have grown to
1.12 billion ounces[sup.[] [sup.2]].

___________________________

[sup.[1]] Please refer to non-IFRS measures at the end of this press
release.

[[sup.2]] Silver equivalent reserves and resources assume a
gold/silver ratio of 53.3:1.

"2012 was another exceptional year for Silver Wheaton, anchored
by a fourth quarter that saw record production, sales, revenue, net
income, and cash flow for the company," said
Randy

 
Smallwood

,
President and Chief Executive Officer of Silver Wheaton. "With the
addition of production from Hudbay's 777 mine
midway
 island group (2 sq mi/5.2 sq km), central Pacific, c.1,150 mi (1,850 km) NW of Honolulu, comprising Sand and Eastern islands with the surrounding atoll. Discovered by Americans in 1859, Midway was annexed in 1867. A cable station was opened in 1903.
 through the
year, plus growing production from Penasquito, San
Dimas

 and
Zinkgruvan

,
2012 production exceeded our forecast by over one and a half million
ounces."

"This translated into sales of over 27 million ounces, with the
fourth quarter coming in at over nine million ounces, and full year cash
flows of over $719 million. Given our dividend policy of paying out 20%
of the trailing quarter's cash flow, Silver Wheaton's strong
production growth profile directly translates into higher dividends,
with $0.35 per common share paid during 2012, almost double what was
paid in 2011, and our strong fourth quarter resulted in our first
dividend in 2013 being $0.14 per share."

"With the recently announced acquisition of gold streams from
Vale S.A.'s Salobo and Sudbury mines, we are confident that 2013
and beyond will bring further growth and many new records to Silver
Wheaton. While our organic growth profile now forecasts roughly an 80%
increase of silver equivalent production over the next five years, we
firmly believe there are yet more accretive opportunities for us to
further add to our world-class portfolio of precious metals
streams."

Financial Review

Revenues

Revenue was $287.2 million in the fourth quarter of 2012, on silver
equivalent sales of 9.1 million ounces (7.3 million ounces of silver and
33,000 ounces of gold). This represents a 50% increase from the $191.9
million of revenue generated in the fourth quarter of 2011, due
primarily to a comparable increase in the number of ounces sold with
relatively unchanged gold and silver prices.

Revenue was $849.6 million for the year ended December 31, 2012, on
silver equivalent sales of 27.3 million ounces (24.8 million ounces of
silver and 46,100 ounces of gold). This represents a 16% increase from
the $730.0 million in revenue generated for the year ended December 31,
2011, due primarily to a 30% increase in the number of ounces sold and a
6% increase in the average realized gold price, which were partially
offset by a 10% decrease in the average realized selling price of
silver.

Costs and Expenses

Average cash costs[sup.[] [sup.1]] in the fourth quarter of 2012
were $4.70 per silver equivalent ounce, compared with $4.06 during the
comparable period of 2011. This resulted in cash operating
margins[sup.[] [sup.1]] of $26.76 per silver equivalent ounce, a 5%
decrease compared with the fourth quarter of 2011. The slightly lower
margins were primarily a result of the higher production payments
associated with the precious metals stream on Hudbay's 777 mine
($5.90 and $400 per ounce of silver and gold, respectively).

Average cash costs[sup.[] [sup.1]] for the year ended December 31,
2012, were $4.30 per silver equivalent ounce, compared with $4.09 during
the comparable period of 2011. This resulted in cash operating
margins[sup.[] [sup.1]]of $26.79 per silver equivalent ounce, a 12%
decrease compared with the year ended December 31, 2011, resulting
primarily due to a 10% decrease in the average realized silver
price.

Earnings and Operating Cash Flows

Net earnings in the fourth quarter of 2012 were $177.7 million
($0.50 per share), compared with net earnings of $144.7 ($0.41 per
share) for the same period in 2011, an increase of 23%.
Cash flow from
operations

 in the fourth quarter of 2012 was $254.0 million ($0.72 per
share[sup.[] [sup.1]]), compared with $163.7 million ($0.46 per
share[sup.[] [sup.1]]) for the same period in 2011, an increase of 55%.
The increase in net earnings and operating cash flows is primarily
attributable to the increase in the amount of gold and silver sold in
the quarter.

Net earnings for the year ended December 31, 2012, were $586.0
million ($1.66 per share), compared with net earnings of $550.0 million
($1.56 per share) for the same period in 2011, an increase of 7%. Cash
flow from operations for the year ended December 31, 2012, was $719.4
million ($2.03 per share[sup.[] [sup.1]]) compared with $626.4 million
($1.77 per share[sup.[] [sup.1]]) for the same period in 2011, an
increase of 15%. The increase in net earnings and
operating cash flow

 is
primarily attributable to the increase in the amount of gold and silver
sold, slightly offset by the decrease in the average realized silver
price.

Balance Sheet

At December 31, 2012, the Company had approximately $778 million of
cash on hand. Subsequent to the year end, Silver Wheaton announced the
acquisition of two gold streams from Vale for a cash consideration of
$1.90 billion (plus 10 million Silver Wheaton warrants with a strike
price of $65 and a term of 10 years). As part of the funding for this
transaction, Silver Wheaton entered into two new
unsecured

 
credit
facilities

 npl

 npl

 
, comprised of (1) a $1 billion
revolving credit

 facility
having a 5 year term (the "Revolving Facility"); and (2) a
$1.5 billion
bridge financing

 facility having a 1 year term (the
"Bridge Facility"). The Revolving Facility and Bridge Facility
replaced the $400 million
Revolver
 see small arms.


revolver

Pistol with a revolving cylinder that provides multishot action. Some early versions, known as pepperboxes, had several barrels, but as early as the 17th century pistols were being made with a revolving chamber to
 Loan and the Term Loan, with the
latter being repaid in full on
February
 see month.
 22, 2013. The $778 million of
cash and cash equivalents as at December 31, 2012 combined with the
liquidity provided by the $2.5 billion of new credit facilities
positions the Company well to fund all outstanding commitments as well
as providing flexibility to acquire additional accretive precious metal
stream interests.

Operational Highlights

Attributable silver equivalent production was a record 8.5 million
ounces (7.0 million ounces of silver and 26,400 ounces of gold) in the
fourth quarter of 2012, a 22% increase compared to the fourth quarter of
2011. In 2012, Silver Wheaton experienced its fourth year of record
annual attributable production of 29.6 million silver equivalent ounces
(26.9 million ounces of silver and 50,000 ounces of gold), a 17%
increase compared to 2011.

_____________________________

[sup.[] [sup.1]] Please refer to non-IFRS measures at the end of
this press release.

Operational highlights for the year ended December 31, 2012 are as
follows:

Penasquito - In 2012, the Penasquito mine produced 6.6 million
ounces of attributable silver, an increase of 24% over 2011. Though
production was higher than 2011, an unprecedented regional
drought
 abnormally long period of insufficient rainfall. Drought cannot be defined in terms of inches of rainfall or number of days without rain, since it is determined by such variable factors as the distribution in time and area of precipitation during and before
 resulted in water shortages causing mill throughput to average 100,000
tonnes per day in 2012, below the design capacity of 130,000 tonnes per
day. As stated in Goldcorp Inc.'s ("Goldcorp") press
release dated
January
 see month.
 7, 2013, the Penasquito mine continues to be
impacted by the drought and as a result, throughput is expected to
average 105,000 tonnes per day in 2013 as additional water wells are
brought into production within the
Cedros

 
Basin

BASIN Brothers And Sisters In Need
 in addition to new

dewatering

 wells within the
Chile
 , officially Republic of Chile, republic (2005 est. pop. 15,981,000), 292,256 sq mi (756,945 sq km), S South America, west of the continental divide of the Andes Mts.
 Colorado pit. A water and
tailings

 study to develop a comprehensive long-term water strategy for the
Penasquito district is underway and Goldcorp expects this study to be
completed during the first half of 2013.

San Dimas - Attributable production from the San Dimas mine was 5.9
million ounces[sup.[] [sup.1]] in 2012, an increase of 6% over 2011. On

October
 see month.
 15, 2012,
Primero
  
n.
A gambling card game, popular in Elizabethan England.



[Alteration of Spanish primera, feminine of primero, first, from Latin
 Mining Corp. ("Primero") announced a
mine and mill expansion of San Dimas. Primero has
elected
  
v. e·lect·ed, e·lect·ing, e·lects

v.tr.
1. To select by vote for an office or for membership.

2. To pick out; select:
 a staged
approach to the full expansion and has approved the expenditure of a
total of $14.4 million to expand the San Dimas mine and mill from 2,000
tonnes per day currently to 2,500 tonnes per day. Construction of the
mine and mill expansion began in October 2012, with an estimated
completion during the first quarter of 2014. A further plant expansion
to 3,000 tonnes per day continues to be assessed and is dependent on
future exploration success by Primero.

Zinkgruvan - Attributable production in 2012 was a record 2.5
million ounces, an increase of 48% over 2011, due to high
ore
 metal-bearing mineral mass that can be profitably mined. Nearly all rock deposits contain some metallic minerals, but in many cases the concentration of metal is too low to justify mining the ore.
 grades,
good recoveries, and continued strong throughput levels. Production for
2013 is forecast to be 2.4 million ounces as more normalized grades are
expected while throughput and recoveries are expected to remain
strong.

Barrick & Pascua-Lama - Silver Wheaton's 2012 attributable
production from the currently producing Barrick silver interests,
consisting of Veladero, Lagunas Norte and Pierina mines, was 2.7 million
ounces of silver.

As per Barrick's year-end 2012 MD&A, during the fourth
quarter of 2012 Barrick
finalized

 the cost estimate and schedule for its
Pascua-Lama project. Initial production remains on track for the second
half of 2014 and the total pre-production capital budget remained at
$8.0 to $8.5 billion, of which $4.2 billion had been spent as of the end
of 2012. At the end of 2012, construction was approximately 40% complete
with the four
kilometer

 long
conveyance
 n.
 
tunnel
 underground passage usually made without removing the overlying rock or soil. Although tunnels are approximately horizontal, they must be built with sufficient gradient for proper drainage.
 approximately 70%
complete. Construction of the primary crusher in Chile commenced in
January 2013, and, in
Argentina
 , officially Argentine Republic, republic (2005 est. pop. 39,538,000), 1,072,157 sq mi (2,776,889 sq km), S South America.
, construction of the process plant
facility advanced with approximately 60% of structural steel erected.
Also noted in Barrick's 2012 MD&A, Barrick halted all
pre-stripping activities during the fourth quarter as increased dust,
exacerbated by stronger than normal winds, was observed in the open pit
area.
Regulatory
  
tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates
1. To control or direct according to rule, principle, or law.

2.
 authorities in Chile subsequently issued an order to
suspend pre-stripping activities until strengthened dust
mitigation

 and
control measures could be implemented. To date, the
suspension
 in automobiles, system of springs used to suspend the frame, body, engine, and power train above the wheels. Its principal purpose is to lessen the jarring of the automobile that is caused by irregularities in the roads
 of
pre-stripping has not altered Barrick's target of first production
in the second half of 2014.

Until December 31, 2015, Silver Wheaton will be
entitled
  
tr.v. en·ti·tled, en·ti·tling, en·ti·tles
1. To give a name or title to.

2. To furnish with a right or claim to something:
 to all or a
portion of the silver production from Barrick's Veladero, Pierina
and Lagunas Norte mines, to the extent Pascua-Lama is operating below
75% of design capacity. Once in production, Pascua-Lama is forecast to
be one of the largest and lowest cost gold mines in the world with an
expected mine life in excess of 25 years. In its first full five years
of operation, Silver Wheaton's attributable silver production is
expected to average nine million ounces annually.

Produced But Not Yet Delivered -Payable silver equivalent ounces
produced but not yet delivered to Silver Wheaton by its partners
decreased by 1.4 million ounces in the fourth quarter, resulting in a
total of approximately 3.8 million payable ounces at December 31, 2012.
This was primarily due to decreases in concentrate inventories at the
777, Yauliyacu, and Penasquito mines.

Detailed mine by mine production and
sales figures
 npl →  
 can be found in
the
Appendix
 small, worm-shaped blind tube, about 3 in. (7.6 cm) long and 1-4 in. to 1 in. (.64–2.54 cm) thick, projecting from the cecum (part of the large intestine) on the right side of the lower abdominal cavity.
 of this press release and in Silver Wheaton's

Management's Discussion and Analysis

 ("MD&A") in the
'Results of Operations and Operational Review' section.

_____________________________

[sup.[] [sup.1]] Production includes Goldcorp's four year
commitment to deliver to Silver Wheaton 1.5 million ounces of silver
per
annum

 resulting from their sale of San Dimas to Primero.

Developments Subsequent to 2012 Year End

Salobo and Sudbury -In February 2013, Silver Wheaton announced a
deal with Vale S.A. to acquire 25% of the life of mine gold production
from the Salobo Mine in
Brazil
 , Port. Brasil, officially Federative Republic of Brazil, republic (2005 est. pop. 186,113,000), 3,286,470 sq mi (8,511,965 sq km), E South America.
 and 70% of the gold production from its

Canadian
 , river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma.
 Sudbury mines for a 20-year term. The Salobo mine, the largest
copper deposit ever found in Brazil, began operating in 2012 at a
capacity of 12 million tonnes per annum (mtpa) of mill throughput
capacity. The mine is already undergoing an expansion to 24 mtpa and is
expected to produce approximately 70 thousand ounces of gold annually
for Silver Wheaton for the first ten years of full production. Sudbury
is one of the largest
nickel
 metallic chemical element; symbol Ni; at. no. 28; at. wt. 58.69; m.p. about 1,453&degC;; b.p. about 2,732&degC;; sp. gr. 8.902 at 25&degC;; valence 0, +1, +2, +3, or +4.
 producing areas globally and has an
operating history dating back to 1885. Vale's integrated operations
in Sudbury are amongst the largest in the world and are expected to
contribute 50 thousand ounces of gold annually on average over the next
20 years.

2013 and Long-Term Silver Equivalent Production Forecast

Based upon its current agreements -- including the gold streams from
Vale's Salobo and Sudbury mines -- the Company forecasts 2013
attributable production of approximately 33.5 million silver equivalent
ounces, including 145 thousand ounces of gold. This represents a 13%
increase compared to 2012, which is primarily driven by a full year of
production from Hudbay's 777 mine as well as the addition of gold
production from Vale's Salobo and Sudbury mines.

By 2017, based upon its current agreements, annual attributable
production is anticipated to increase by 79% to approximately 53 million
silver equivalent ounces, including 180 thousand ounces of gold. The
increase is the result of the anticipated
ramp up

 of three new mines,
including Barrick's Pascua-Lama project, Hudbay's Constancia
project, and
Augusta
 , city (1991 pop. 34,189), E Sicily, Italy, on an island (formerly a peninsula) in the Ionian Sea, connected by bridge with the Sicilian
 Resource's
Rosemont

 project. The world-class
Pascua-Lama project is forecast to commence production in mid-2014 and,
in its first full five years of operation, will contribute approximately
9 million ounces of attributable silver production annually to Silver
Wheaton.

Attributable mine-by-mine actual 2011 and 2012 production and
forecast 2013 production are as follows:

                                                     Attributable
Production[1],[2]
                                                     2011        2012
2013
                                                    Actual      Actual
Forecast
    Silver ounces produced (000's)
                           Penasquito[3]             5,284       6,572
5,800
                           San Dimas[4]              5,585       5,905
6,500
                           Barrick[5]                2,980       2,696
1,700
                           Zinkgruvan                1,691       2,502
2,400
                           Yauliyacu                 2,548       2,412
2,500
                           Cozamin                   1,567       1,576
1,800
                           Other[6]                  4,902       5,231
5,100
                                                    24,557      26,894
25,800
    Gold ounces produced (000's)
                           Minto                      18.4        18.6
20
                           777                           -        31.4
70
                           Sudbury and Salobo            -           -
55
                                                      18.4        50.0
145
    Silver equivalent ounces produced (000's)[7]    25,374
29,571      33,500 
 1) Ounces produced represent quantity of silver and gold
contained in concentrate or dore prior to smelting or refining
deductions. 2) Production figures are based on information provided by
the operators of the mining operations to which the silver or gold
interests relate or management estimates in those situations where other
information is not available. 3) Production at Penasquito is lower in
2013 due to lower grades in the mine plan. 4) Production includes
Goldcorp's four year commitment to deliver to Silver Wheaton 1.5
million ounces of silver per annum resulting from their sale of San
Dimas to Primero 5) Comprised of the Lagunas Norte, Pierina and Veladero
silver interests. Production in 2013 is lower due to forecasted lower
grades at Lagunas Norte and Veladero, and declining production from
Pierina as Barrick waits for approval to commence pushback. 6) Includes
the Los Filos, Mineral Park, Neves-Corvo, Stratoni, Keno Hill, Campo
Morado, Minto, 777 and Aljustrel silver interests. 7) Gold ounces
produced are converted to a silver equivalent basis on the ratio of the
average silver price received to the average gold price received during
the period from the assets that produce both gold and silver. For the
2013 forecast, a silver price of $30 and gold price of $1,600 were used
for the silver equivalent conversion. 

Reserves and Resources

Silver Wheaton's attributable reserves and resources, as of
December 31, 2012, can be found in the Company's news release dated
March 19, 2013, and are available on the Company's website at
http://www.silverwheaton.com and in its MD&A, also available on the
Company's website and posted on
SEDAR

 at http://www.sedar.com.
Attributable reserves and resources are based on information available
to the Company as of March 18, 2013.

This earnings release should be read in
conjunction
 in astronomy, alignment of two celestial bodies as seen from the earth. Conjunction of the moon and the planets is often determined by reference to the sun.
 with Silver
Wheaton's MD&A and audited Financial Statements, which are
available on the Company's website at http://www.silverwheaton.com
and have been posted on SEDAR at http://www.sedar.com.

Webcast and New Conference Call Details

A conference call will be held
Friday
 see Sabbath; week.



Friday

young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe]

See : Servant
, March 22, 2013, starting at
11:00 am (Eastern Time) to discuss these results. To participate in the
live call please use one of the following methods:

     Dial toll free from Canada or the
    US:                               1-888-231-8191
    Dial from outside Canada or the
    US:                               1-647-427-7450
    Pass code:                        26000662
    Live audio webcast:               http://www.silverwheaton.com
    Participants should dial in five to ten minutes before the call.
    The conference call will be recorded and you can listen to an
archive of
    the call by one of the following methods:
    Dial toll free from Canada or the
    US:                               1-855-859-2056
    Dial from outside Canada or the
    US:                               1-416-849-0833
    Pass code:                        26000662
    Archived audio webcast:           http://www.silverwheaton.com 

ABOUT SILVER WHEATON

Silver Wheaton is the largest precious metals streaming company in
the world. Based upon its current agreements, forecast 2013 attributable
production is approximately 33.5 million silver equivalent ounces[sup.[]
[sup.1]], including 145 thousand ounces of gold. By 2017, annual
attributable production is anticipated to increase significantly to
approximately 53 million silver equivalent ounces[sup.[] [sup.1]],
including 180 thousand ounces of gold. This growth is driven by the
Company's portfolio of low-cost and long-life assets, including
silver and precious metal streams on Barrick's Pascua-Lama project,
Hudbay's Constancia project, and Vale's Salobo and Sudbury
mines.

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, reserve conversion rates and
statements as to any future dividends. 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 http://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.

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,
2011, and other continuous disclosure documents filed by Silver Wheaton
since January 1, 2012, available on SEDAR at http://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
  
adj.
1. Capable of being accomplished or brought about; possible:  See Synonyms at possible.

2.
. 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
or that any exploration potential will ever be converted to any category
of Mineral Reserves or Mineral Resources. United States investors are
also cautioned not to assume that all or any part of an Inferred Mineral
Resource exists, or is
economically
  
adj.
1. Prudent and thrifty in management; not wasteful or extravagant. See Synonyms at sparing.

2. Intended to save money, as by efficient operation or elimination of unnecessary features; economic:
 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 http://www.sec.gov/edgar.shtml.

_____________________________

[sup.[] [sup.1]] Silver equivalent production forecast assumes a
gold/silver ratio of 53.3:1.

Summarized Financial Results

                                                            Years Ended
December 31
                                                       2012
2011          2010
    Silver equivalent production [1]
                Attributable silver ounces
                produced (000's)                     26,894
24,557        21,984
                Attributable gold ounces
                produced                             50,039
18,436        28,795
                Attributable silver equivalent
                ounces produced (000's) [1]          29,571
25,374        23,758
    Silver equivalent sales [1]
                Silver ounces sold (000's)           24,850
20,247        18,878
                Gold ounces sold                     46,094
18,256        25,884
                Silver equivalent ounces sold
                (000's) [1]                          27,328
21,069        20,483
    Average realized price ($'s per ounce)
                Average realized silver price   $     31.03   $
34.60   $     20.75
                Average realized gold price     $     1,701   $
1,609   $     1,224
                Average realized silver
                equivalent price [1]            $     31.09   $
34.65   $     20.67
    Average cash cost ($'s per ounce) [2]
                Average silver cash cost        $      4.06   $
3.99   $      3.97
                Average gold cash cost          $       362   $
300   $       300
                Average silver equivalent cash
                cost [1]                        $      4.30   $
4.09   $      4.04
    Total revenue ($000's)                      $   849,560   $
729,997   $   423,353
    Net earnings ($000's)                       $   586,036   $
550,028   $   153,381
    Add back - loss on fair value adjustment of Canadian dollar
    share purchase warrants issued                        -
-       133,210
    Adjusted net earnings [2] ($000's)          $   586,036   $
550,028   $   286,591
    Earnings per share
                                   Basic        $      1.66   $
1.56   $      0.45
                                   Diluted      $      1.65   $
1.55   $      0.44
    Adjusted earnings per share [2]
                                   Basic        $      1.66   $
1.56   $      0.83
                                   Diluted      $      1.65   $
1.55   $      0.83
    Cash flow from operations ($000's)          $   719,404   $
626,427   $   319,726
    Dividends
                Dividends paid ($000's)         $   123,852   $
63,612   $         -
                Dividends paid per share        $      0.35   $
0.18   $         -
    Total assets ($000's)                       $ 3,189,337   $
2,872,335   $ 2,635,383
    Total non-current financial
    liabilities ($000's)                        $    23,555   $
50,424   $   200,966
    Shareholders' equity ($000's)               $ 3,107,074
$ 2,654,217   $ 2,261,949 

1) Gold ounces produced and sold are converted to a silver
equivalent basis on the ratio of the average silver pricereceived to the
average gold price received during the period from the assets that
produce both gold and silver.

2) Refer to discussion on non-IFRS measures at the end of this press
release.
Consolidated
  
v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates

v.tr.
1. To unite into one system or whole; combine:
 Statements of Earnings

                                                                Years
Ended December 31
    (US dollars and shares in thousands, except per share amounts) 2012
2011
    Sales                                                    $  849,560
$ 729,997
    Cost of sales
                       Cost of sales, excluding
                       depletion                             $  117,489
$  86,266
                       Depletion                                101,229
57,457
    Total cost of sales                                      $  218,718
$ 143,723
    Earnings from operations                                 $  630,842
$ 586,274
    Expenses and other income
                       General and administrative [1]        $   30,839
$  25,180
                       Foreign exchange loss (gain)                  29
(453)
                       Other (income) expense                      (817)
3,182
                                                             $   30,051
$  27,909
    Earnings before income taxes                             $  600,791
$ 558,365
    Income tax expense                                          (14,755)
(8,337)
    Net earnings                                             $  586,036
$ 550,028
    Basic earnings per share                                 $     1.66
$    1.56
    Diluted earnings per share                               $     1.65
$    1.55
    Weighted average number of shares outstanding
                       Basic                                    353,874
353,249
                       Diluted                                  356,008
355,904
    1) Equity settled stock based compensation (a non-cash item)
    included in general and administrative expenses.         $    6,420
$   6,329 

Consolidated Statements of Comprehensive Income

                                                        Years Ended
December 31
    (US dollars in thousands)                  2012           2011
    Net earnings                              $ 586,036      $  550,028
    Other comprehensive income (loss)
                    Loss on long-term
                    investments - common
                    shares held               $ (31,134)     $ (119,114)
                    Deferred income tax
                    recovery                      2,479          10,699
    Total other comprehensive loss            $ (28,655)     $ (108,415)
    Total comprehensive income                $ 557,381      $  441,613 

Consolidated Balance Sheets

                                                   December 31
December 31
    (US dollars in thousands)                      2012             2011
    Assets
    Current assets
                      Cash and cash
                      equivalents                 $   778,216      $
840,201
                      Accounts receivable               6,197
3,890
                      Other                               966
1,221
    Total current assets                          $   785,379      $
845,312
    Non-current assets
                      Silver and gold
                      interests                   $ 2,281,234      $
1,871,726
                      Long-term investments           121,377
151,621
                      Deferred income taxes                 -
2,301
                      Other                             1,347
1,375
    Total non-current assets                      $ 2,403,958      $
2,027,023
    Total assets                                  $ 3,189,337      $
2,872,335
    Liabilities
    Current liabilities
                      Accounts payable and
                      accrued liabilities         $    20,898      $
8,345
                      Current portion of
                      bank debt                        28,560
28,560
                      Current portion of
                      silver interest
                      payments                              -
130,789
    Total current liabilities                     $    49,458      $
167,694
    Non-current liabilities
                      Long-term portion of
                      bank debt                   $    21,500      $
50,060
                      Deferred income taxes             9,250
-
                      Performance share
                      units                             2,055
364
    Total non-current liabilities                 $    32,805      $
50,424
    Total liabilities                             $    82,263      $
218,118
    Shareholders' equity
    Issued capital                                $ 1,811,577      $
1,793,772
    Reserves                                           (1,710)
25,422
    Retained earnings                               1,297,207
835,023
    Total shareholders' equity                    $ 3,107,074
$ 2,654,217
    Total liabilities and shareholders'
    equity                                        $ 3,189,337      $
2,872,335 

Consolidated Statements of Cash Flows

                                                        Years Ended
December 31
    (US dollars in thousands)                      2012             2011
    Operating activities
    Net earnings                                  $   586,036      $
550,028
    Adjustments for
                      Depreciation and
                      depletion                       101,457
57,720
                      Equity settled
                      stock based
                      compensation                      6,420
6,329
                      Cash settled
                      stock based
                      compensation                      1,685
377
                      Deferred income
                      tax expense                      14,031
7,575
                      (Gain) loss on
                      fair value
                      adjustment of
                      share purchase
                      warrants held                      (496)
3,118
                      Investment income
                      recognized in net
                      earnings                         (1,367)
(929)
                      Other                               (15)
(97)
    Change in non-cash operating
    working capital                                    10,366
1,422
    Operating cash flows before
    interest received                             $   718,117      $
625,543
    Interest received                                   1,287
884
    Cash generated by operating activities        $   719,404      $
626,427
    Financing activities
    Bank debt repaid                              $   (28,560)     $
(28,560)
    Share purchase warrants exercised                   1,878
99
    Share purchase options exercised                   11,030
7,839
    Dividends paid                                   (123,852)
(63,612)
    Cash applied to financing activities          $  (139,504)     $
(84,234)
    Investing activities
    Silver and gold interests                     $  (640,718)     $
(140,063)
    Silver and gold interests -
    interest paid                                        (671)
(1,260)
    Acquisition of long-term
    investments                                          (395)
(13,674)
    Proceeds on disposal of long-term
    investments                                             -
24,270
    Dividend income received                               80
45
    Other                                                (192)
(54)
    Cash applied to investing activities          $  (641,896)     $
(130,736)
    Effect of exchange rate changes on
    cash and cash equivalents                     $        11      $
108
    (Decrease) increase in cash and cash
    equivalents                                   $   (61,985)     $
411,565
    Cash and cash equivalents, beginning
    of year                                           840,201
428,636
    Cash and cash equivalents, end of year        $   778,216      $
840,201 
 Summary of Ounces Produced and Sold 2012 2011 (in thousands) Q4
Q3 Q2 Q1 Q4 Q3 Q2 Q1 Silver ounces produced [1] San Dimas [2] 1,694
1,288 1,231 1,692 1,578 1,251 1,150 1,606 Zinkgruvan 566 621 673 642 390
379 414 508 Yauliyacu 616 640 606 550 583 608 674 683 Penasquito 1,445
1,940 1,822 1,365 1,633 1,162 1,282 1,207 Cozamin 372 370 429 405 433
395 414 325 Barrick [3] 934 627 468 667 723 794 741 722 Other [4] 1,407
1,260 1,276 1,288 1,389 1,272 1,153 1,088 7,034 6,746 6,505 6,609 6,729
5,861 5,828 6,139 Silver equivalent ounces of gold produced [5] Minto
373 337 189 107 202 257 261 97 777 1,059 612[6] - - - - - - Silver
equivalent ounces produced [5] 8,466 7,695 6,694 6,716 6,931 6,118 6,089
6,236 Silver ounces sold San Dimas [2] 1,629 1,178 1,295 1,701 1,488
1,232 1,149 1,748 Zinkgruvan 532 495 580 517 425 319 401 321 Yauliyacu
1,097 184 1,155 497 655 11 471 120 Penasquito 1,642 1,304 1,845 1,189
851 1,382 961 941 Cozamin 406 301 395 376 374 335 281 271 Barrick [3]
826 528 470 656 755 747 726 680 Other [4] 1,215 796 1,049 992 1,230 770
862 741 7,347 4,786 6,789 5,928 5,778 4,796 4,851 4,822 Silver
equivalent ounces of gold sold [5] Minto 268 357 139 198 196 316 227 83
777 1,516 - - - - - - - Silver equivalent ounces sold [5] 9,131 5,143
6,928 6,126 5,974 5,112 5,078 4,905 Gold / silver ratio [5] 54.1 51.7
58.7 51.2 51.9 50.4 40.1 33.0 Cumulative payable silver equivalent
ounces produced but not yet delivered [7] 3,824 5,195 3,212 4,166 4,127
3,805 3,537 3,018 

1. Ounces produced represent the quantity of silver and gold
contained in concentrate or dore prior to
smelting
 in metallurgy, any process of melting or fusion, especially to extract a metal from its ore. Smelting processes vary in detail depending on the nature of the ore and the metal involved, but they are typified in the use of the blast furnace.
 or
refining
 any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar
 deductions. Production figures are based on information provided by the
operators of the mining operations to which the silver or gold interests
relate or management estimates in those situations where other
information is not available. Certain production figures may be updated
in future periods as additional information is received. The Company has
been informed that reported production related to the Yauliyacu mine may
have been
overstated
  
tr.v. o·ver·stat·ed, o·ver·stat·ing, o·ver·states
To state in exaggerated terms. See Synonyms at exaggerate.



o
 by a total of approximately 200,000 ounces for all
or some portion of the period between April 1, 2011 and June 30, 2012.
The required adjustments to production, if any, related to the Yauliyacu
mine for these periods will be made once management completes a review
of the timing and amount of any production
variance

.

2. The ounces produced and sold include ounces received from
Goldcorp in connection with Goldcorp's four year commitment to
deliver to Silver Wheaton 1.5 million ounces of silver per annum
resulting from their sale of San Dimas to Primero.

3. Comprised of the Lagunas Norte, Pierina and Veladero silver
interests.

4. Comprised of the Los Filos, Mineral Park, Neves-Corvo, Stratoni,
Keno Hill,
Minto

, 777,
Aljustrel
) is a municipality in Portugal with a total area of 458.3 km² and a total population of 9,940 inhabitants.
 and Campo Morado silver interests.

5. Gold ounces produced and sold are converted to a silver
equivalent basis on the ratio of the average silver price received to
the average gold price received during the period from the assets that
produce both gold and silver.

6. Represents production for the period August 8, 2012 to
September
 see month.
 30, 2012.

7. Based on management estimates.

                              Results of Operations and Operational
Review
                                             Three Months Ended December
31, 2012
                                                                  Average       Average
                                                                  Realized        Cash
                                                                   Price
Cost
                             Ounces        Ounces
($'s Per      ($'s Per
                         Producedsquared    Sold       Sales
Ounce)      Ounce) [3]
    Silver
          San Dimas [4]            1,694    1,629   $  52,080   $
31.97   $       4.13
          Zinkgruvan                 566      532      16,485
30.99           4.15
          Yauliyacu                  616    1,097      30,753
28.03           4.08
          Penasquito               1,445    1,642      53,697
32.71           3.99
          Cozamin                    372      406      13,109
32.25           4.12
          Barrick [5]                934      826      26,920
32.59           3.90
          Other [6]                1,407    1,215      38,182
31.43           4.43
                                   7,034    7,347   $ 231,226   $
31.47   $       4.12
    Gold
          Minto                    6,785    4,876   $   8,247   $
1,691   $        303
          777                     19,615   28,084      47,768
1,701            400
                                  26,400   32,960   $  56,015   $
1,699   $        386
    Silver equivalent
    [7]                            8,466    9,131   $ 287,241   $
31.46   $       4.70
    Corporate
          General and
          administrative
          Other
    Total corporate
                                   8,466    9,131   $ 287,241   $
31.46   $       4.70 

Table continues...

                        Results of Operations and Operational Review
                                                  Three Months Ended
December 31, 2012
                              Average
                             Depletion                  Cash Flow
                             ($'s Per        Net           From
Total
                              Ounce)       Earnings     Operations
Assets
    Silver
          San Dimas [4]    $      0.79   $   44,059   $     45,351   $
162,936
          Zinkgruvan              1.68       13,387         16,668
54,075
          Yauliyacu               5.02       20,773         32,106
215,295
          Penasquito              2.96       42,287         47,147
487,272
          Cozamin                 4.05        9,790         11,873
19,135
          Barrick [5]             4.34       20,112         23,561
597,736
          Other [6]               6.29       25,167         33,296
381,467
                           $      3.46   $  175,575   $    210,002   $
1,917,916
    Gold
          Minto            $       171   $    5,937   $      8,052   $
30,586
          777                      773       14,813         40,507
332,732
                           $       684   $   20,750   $     48,559   $
363,318
    Silver equivalent
    [7]                    $      5.25   $  196,325   $    258,561   $
2,281,234
    Corporate
          General and
          administrative                 $   (9,159)
          Other                              (9,422)
    Total corporate                      $  (18,581)  $     (4,535)  $
908,103
                           $      5.25   $  177,744   $    254,026   $
3,189,337 

1. All figures in thousands except gold ounces produced and sold and
per ounce amounts.

2. Ounces produced represent the quantity of silver and gold
contained in concentrate or dore prior to smelting or refining
deductions. Production figures are based on information provided by the
operators of the mining operations to which the silver or gold interests
relate or management estimates in those situations where other
information is not available. Certain production figures may be updated
in future periods as additional information is received.

3. Refer to discussion on non-IFRS measures at the end of this press
release.

4. Results for San Dimas include 1.5 million ounces received from
Goldcorp in connection with Goldcorp's four year commitment to
deliver to Silver Wheaton 1.5 million ounces of silver per annum
resulting from their sale of San Dimas to Primero.

5. Comprised of the operating Lagunas Norte, Pierina and Veladero
silver interests in addition to the non-operating Pascua-Lama silver
interest.

6. Comprised of the operating Los Filos, Keno Hill, Mineral Park,
Neves-Corvo, Stratoni, Campo Morado, Minto, 777 and Aljustrel silver
interests in addition to the non-operating Rosemont silver and gold
interest and Loma de
La Plata
 , city (1991 pop. 640,344), capital of Buenos Aires prov., E central Argentina, 5 mi (8.1 km) inland from Ensenada, its port on the Río de la Plata.
 and Constancia silver interests.

7. Gold ounces produced and sold are converted to a silver
equivalent basis on the ratio of the average silver price received to
the average gold price received during the period from the assets that
produce both gold and silver.

                                 Three Months Ended December 31, 2011
                                                                    Average     Average
                                                                    Realized     Cash
                                                                     Price       Cost
                                      Ounces    Ounces
($'s Per   ($'s Per
                                   Produced [2]  Sold     Sales
Ounce)   Ounce) [3]
    Silver
                San Dimas [4]             1,578  1,488   $  44,641    $
30.00     $  4.09
                Zinkgruvan                  390    425      13,537
31.87        4.10
                Yauliyacu                   583    655      22,270
34.00        4.02
                Penasquito                1,633    851      27,374
32.17        3.96
                Cozamin                     433    374      12,786
34.18        4.08
                Barrick [5]                 723    755      24,673
32.67        3.90
                Other [6]                 1,389  1,230      40,120
32.63        3.94
                                          6,729  5,778   $ 185,401    $
32.09     $  4.01
    Gold
                Minto                     3,891  3,777       6,466
1,712         301
    Silver equivalent [7]                 6,931  5,974   $ 191,867    $
32.12     $  4.06
    Corporate
                General and administrative
                Other
    Total corporate
                                          6,931  5,974   $ 191,867    $
32.12     $  4.06 

Table continues...

                                  Three Months Ended December 31, 2011
                                      Average
                                     Depletion                 Cash Flow
                                     ($'s Per       Net
From
                                      Ounce)      Earnings    Operations
Total Assets
    Silver
                San Dimas [4]         $  0.71    $  37,494     $  38,551
$   167,527
                Zinkgruvan               1.69       11,077        14,061
57,639
                Yauliyacu                5.02       16,350        19,637
230,012
                Penasquito               2.41       21,954        24,004
504,973
                Cozamin                  4.62        9,531        10,260
25,115
                Barrick [5]              3.60       19,008        21,728
601,085
                Other [6]                4.22       30,089        36,301
251,716
                                      $  2.90    $ 145,503     $ 164,542
$ 1,838,067
    Gold
                Minto                     169        4,689         6,314
33,659
    Silver equivalent [7]             $  2.91    $ 150,192     $ 170,856
$ 1,871,726
    Corporate
                General and administrative       $  (6,115)
                Other                                  670
    Total corporate                              $  (5,445)    $
(7,142)     $ 1,000,609
                                      $  2.91    $ 144,747     $ 163,714
$ 2,872,335 

1. All figures in thousands except gold ounces produced and sold and
per ounce amounts.

2. Ounces produced represent the quantity of silver and gold
contained in concentrate or dore prior to smelting or refining
deductions. Production figures are based on information provided by the
operators of the mining operations to which the silver or gold interests
relate or management estimates in those situations where other
information is not available. Certain production figures may be updated
in future periods as additional information is received.

3. Refer to discussion on non-IFRS measures at the end of this press
release.

4. Results for San Dimas include 1.5 million ounces received from
Goldcorp in connection with Goldcorp's four year commitment to
deliver to Silver Wheaton 1.5 million ounces of silver per annum
resulting from their sale of San Dimas to Primero.

5. Comprised of the operating Lagunas Norte, Pierina and Veladero
silver interests in addition to the non-operating Pascua-Lama silver
interest.

6. Comprised of the operating Los Filos, Keno Hill, Mineral Park,
Neves-Corvo, Stratoni, Campo Morado, Minto, 777 and Aljustrel silver
interests in addition to the non-operating Rosemont silver and gold
interest and Loma de La Plata and Constancia silver interests.

7. Gold ounces produced and sold are converted to a silver
equivalent basis on the ratio of the average silver price received to
the average gold price received during the period from the assets that
produce both gold and silver.

                            Year Ended December 31, 2012
                                                          Average
Average
                                                          Realized
Cash
                                                           Price
Cost
                            Ounces    Ounces              ($'s Per
($'s Per
                         Produced [2]  Sold     Sales      Ounce)
Ounce) [3]
    Silver
          San Dimas [4]         5,905  5,803   $ 181,906    $ 31.35
$  4.11
          Zinkgruvan            2,502  2,124      65,914      31.03
4.14
          Yauliyacu             2,412  2,933      86,185      29.38
4.07
          Penasquito            6,572  5,980     186,085      31.12
3.99
          Cozamin               1,576  1,478      46,601      31.54
4.11
          Barrick [5]           2,696  2,480      78,359      31.60
3.90
          Other [6]             5,231  4,052     126,118      31.12
4.10
                               26,894 24,850   $ 771,168    $ 31.03
$  4.06
    Gold
          Minto                18,600 18,010   $  30,624    $ 1,700
$   303
          777                  31,439 28,084      47,768      1,701
400
                               50,039 46,094   $  78,392    $ 1,701
$   362
    Silver equivalent
    [7]                        29,571 27,328   $ 849,560    $ 31.09
$  4.30
    Corporate
          General and
          administrative
          Other
    Total corporate
                               29,571 27,328   $ 849,560    $ 31.09
$  4.30 

Table continues...

                              Year Ended December 31, 2012
                           Average
                          Depletion                  Cash Flow
                          ($'s Per        Net           From
                           Ounce)      Earnings      Operations
Total Assets
    Silver
          San Dimas [4]      $  0.79    $  153,469     $  158,060      $
162,936
          Zinkgruvan            1.68        53,553         55,855
54,075
          Yauliyacu             5.02        59,531         80,077
215,295
          Penasquito            2.96       144,524        162,225
487,272
          Cozamin               4.05        34,552         40,143
19,135
          Barrick [5]           4.34        57,926         69,504
597,736
          Other [6]             4.72        90,381        108,208
381,467
                             $  3.08    $  593,936     $  674,072      $
1,917,916
    Gold
          Minto              $   171    $   22,094     $   25,059      $
30,586
          777                    773        14,812         40,507
332,732
                             $   538    $   36,906     $   65,566      $
363,318
    Silver equivalent
    [7]                      $  3.70    $  630,842     $  739,638      $
2,281,234
    Corporate
          General and
          administrative                $  (30,839)
          Other                            (13,967)
    Total corporate                     $  (44,806)    $  (20,234)     $
908,103
                             $  3.70    $  586,036     $  719,404      $
3,189,337 

1. All figures in thousands except gold ounces produced and sold and
per ounce amounts.

2. Ounces produced represent the quantity of silver and gold
contained in concentrate or dore prior to smelting or refining
deductions. Production figures are based on information provided by the
operators of the mining operations to which the silver or gold interests
relate or management estimates in those situations where other
information is not available. Certain production figures may be updated
in future periods as additional information is received.

3. Refer to discussion on non-IFRS measures at the end of this press
release.

4. Results for San Dimas include 1.5 million ounces received from
Goldcorp in connection with Goldcorp's four year commitment to
deliver to Silver Wheaton 1.5 million ounces of silver per annum
resulting from their sale of San Dimas to Primero.

5. Comprised of the operating Lagunas Norte, Pierina and Veladero
silver interests in addition to the non-operating Pascua-Lama silver
interest.

6. Comprised of the operating Los Filos, Keno Hill, Mineral Park,
Neves-Corvo, Stratoni, Campo Morado, Minto, 777 and Aljustrel silver
interests in addition to the non-operating Rosemont silver and gold
interest and Loma de La Plata and Constancia silver interests.

7. Gold ounces produced and sold are converted to a silver
equivalent basis on the ratio of the average silver price received to
the average gold price received during the period from the assets that
produce both gold and silver.

                            Year Ended December 31, 2011
                                                          Average
Average
                                                          Realized
Cash
                                                           Price
Cost
                            Ounces    Ounces              ($'s Per
($'s Per
                         Produced [2]  Sold     Sales      Ounce)
Ounce) [3]
    Silver
          San Dimas [4]         5,585  5,617   $ 188,377    $ 33.54
$  4.06
          Zinkgruvan            1,691  1,466      52,974      36.14
4.08
          Yauliyacu             2,548  1,257      43,911      34.93
4.02
          Penasquito            5,284  4,135     143,069      34.61
3.93
          Cozamin               1,567  1,261      43,990      34.85
4.07
          Barrick [5]           2,980  2,908     102,454      35.23
3.90
          Other [6]             4,902  3,603     125,854      34.93
3.94
                               24,557 20,247   $ 700,629    $ 34.60
$  3.99
    Gold
          Minto                18,436 18,256      29,368      1,609
300
    Silver equivalent
    [7]                        25,374 21,069   $ 729,997    $ 34.65
$  4.09
    Corporate
          General and
          administrative
          Other
    Total corporate
                               25,374 21,069   $ 729,997    $ 34.65
$  4.09 

Table continues...

                              Year Ended December 31, 2011
                           Average
                          Depletion                  Cash Flow
                          ($'s Per        Net           From
                           Ounce)      Earnings      Operations
Total Assets
    Silver
          San Dimas [4]      $  0.71    $  161,554     $  164,453      $
167,527
          Zinkgruvan            1.69        44,503         49,377
57,639
          Yauliyacu             5.02        32,555         38,863
230,012
          Penasquito            2.41       116,855        126,812
504,973
          Cozamin               4.62        33,018         40,586
25,115
          Barrick [5]           3.58        80,692         89,554
601,085
          Other [6]             4.27        96,298        112,414
251,716
                             $  2.69    $  565,475     $  622,059      $
1,838,067
    Gold
          Minto                  169        20,799         24,240
33,659
    Silver equivalent
    [7]                      $  2.73    $  586,274     $  646,299      $
1,871,726
    Corporate
          General and
          administrative                $  (25,180)
          Other                            (11,066)
    Total corporate                     $  (36,246)    $  (19,872)     $
1,000,609
                             $  2.73    $  550,028     $  626,427      $
2,872,335 

1. All figures in thousands except gold ounces produced and sold and
per ounce amounts.

2. Ounces produced represent the quantity of silver and gold
contained in concentrate or dore prior to smelting or refining
deductions. Production figures are based on information provided by the
operators of the mining operations to which the silver or gold interests
relate or management estimates in those situations where other
information is not available. Certain production figures may be updated
in future periods as additional information is received.

3. Refer to discussion on non-IFRS measures at the end of this press
release.

4. Results for San Dimas include 1.5 million ounces received from
Goldcorp in connection with Goldcorp's four year commitment to
deliver to Silver Wheaton 1.5 million ounces of silver per annum
resulting from their sale of San Dimas to Primero.

5. Comprised of the operating Lagunas Norte, Pierina and Veladero
silver interests in addition to the non-operating Pascua-Lama silver
interest.

6. Comprised of the operating Los Filos, Keno Hill, Mineral Park,
Neves-Corvo, Stratoni, Campo Morado, Minto and Aljustrel silver
interests in addition to the non-operating Rosemont silver and gold
interest and Loma de La Plata silver interest.

7. Gold ounces produced and sold are converted to a silver
equivalent basis on the ratio of the average silver price received to
the average gold price received during the period from the assets that
produce both gold and silver.

Non-IFRS Measures

Silver Wheaton has included, throughout this document, certain
non-IFRS performance measures, including (i) operating cash flow per
share (basic and
diluted
  
tr.v. di·lut·ed, di·lut·ing, di·lutes
1. To make thinner or less concentrated by adding a liquid such as water.

2. To lessen the force, strength, purity, or brilliance of, especially by admixture.
); (ii) average cash costs of silver and gold on
a per ounce basis; (iii) cash operating margin; and (iv) adjusted net
earnings and adjusted net earnings per share.

i. Operating cash flow per share (basic and diluted) is calculated
by dividing cash generated by operating activities by the weighted
average number of shares outstanding (basic and diluted). The Company
presents operating cash flow per share as it believes that certain
investors use this information to evaluate the Company's
performance in comparison to other companies in the precious metals
mining industry who present results on a similar basis.

ii. Average cash cost of silver and gold on a per ounce basis is
calculated by dividing the total cost of sales, less
depletion
 n. when a natural resource (particularly oil) is being used up. The annual amount of depletion may, ironically, provide a tax deduction for the company exploiting the resource because if the resource they are exploiting runs out, they will no longer be able
, by the
ounces sold. In the precious metals mining industry, this is a common
performance measure but does not have any standardized meaning. The
Company believes that, in addition to conventional measures prepared in
accordance with
IFRS

IFRS Inter Frame Relay Service
IFRS Indiana Facilities Registry System
, certain investors use this information to evaluate
the Company's performance and ability to generate cash flow.

iii. Cash operating margin is calculated by subtracting the average
cash cost of silver and gold on a per ounce basis from the average
realized selling price of silver and gold on a per ounce basis. The
Company presents cash operating margin as it believes that certain
investors use this information to evaluate the Company's
performance in comparison to other companies in the precious metals
mining industry who present results on a similar basis.

iv. Adjusted net earnings and adjusted net earnings per share are
calculated by removing the effects of the non-cash, fair value
adjustment on the Company's previously issued and outstanding share
purchase warrants, which had an exercise price denominated in Canadian
dollars, from net earnings of the Company. These share purchase warrants
are classified as a financial liability with any fair value adjustments
being reflected as a component of net earnings. This accounting
treatment was applicable to the share purchase warrants which
expired
  
v. ex·pired, ex·pir·ing, ex·pires

v.intr.
1. To come to an end; terminate:

2.
 or
were exercised prior to December 22, 2010. The Company believes that, in
addition to conventional measures prepared in accordance with IFRS, the
Company and certain investors use this information to evaluate the
Company's performance.

These non-IFRS measures do not have any standardized meaning

prescribed
  
v. pre·scribed, pre·scrib·ing, pre·scribes

v.tr.
1. To set down as a rule or guide; enjoin. See Synonyms at dictate.

2. To order the use of (a medicine or other treatment).
 by IFRS, and other companies may calculate these measures
differently. The presentation of these non-IFRS measures is intended to
provide additional information and should not be considered in isolation
or as a substitute for measures of performance prepared in accordance
with IFRS.

For further information:

Patrick Drouin

Vice President,
Investor Relations

 

Silver Wheaton Corp.

Tel: +1-800-380-8687

Email: info@silverwheaton.com

Website: http://www.silverwheaton.com

(SLW. SLW)

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