Best Canadian Stocks For 2015

Best Canadian Stocks For 2015: Silver Wheaton Corp(SLW)

Silver Wheaton Corp., together with its subsidiaries, operates as a silver streaming company worldwide. The company has 14 long-term silver purchase agreements and 2 long-term precious metal purchase agreements whereby it acquires silver and gold production from the counterparties located in Mexico, the United States, Canada, Greece, Sweden, Peru, Chile, Argentina, and Portugal. Silver Wheaton Corp. is headquartered in Vancouver, Canada.

Advisors' Opinion:

• [By Rich Duprey]

  The suspension necessitated that it renegotiate the contract it has with Silver Wheaton (NYSE: SLW  ) , which was anticipating taking 25% of the silver streams from Pascua-Lama. Because Barrick was contractually required to have 75% of the construction completed by the end of 2015, something that obviously wasn't going to happen, the silver streamer could have demanded back the upfront payments it gave the miner, minus credits for silver already received from three South American mines where it had been getting 100% of their streams and which was scheduled to end this year. As of the end of September, the payback figure stood at $371 million.

• [By Doug Ehrman]

  As gold prices tumbled during Friday's trading session, precious metals companies were dragged down too, including Goldcorp (NYSE: GG  ) and the gold ETF, the SPDR Gold Trust (NYSEMKT: GLD  ) . Given its recent increase in exposure to gold, Silver Wheaton's (NYSE: SLW  ) inability to escape the slide is not a big surprise. Despite increased signs of global economic instability, gold fell below $1500 for the first time since July 2011.

• [By Travis Hoium]

  What: Gold and silver miners are taking it on the chin today. Royal Gold (NASDAQ: RGLD  ) fell as much as 10.4%, Allied Nevada Gold (NYSEMKT: A! NV  ) fell up to 11.5%, and Silver Wheaton (NYSE: SLW  ) dropped as much as 11.2%.

• [By Sean Williams]

  In August, silver royalty interests company Silver Wheaton (NYSE: SLW  ) and HudBay agreed on a long-term contract that will supply Silver Wheaton 100% of HudBay's Constancia and 777 mine silver at a discounted price of $5.90 an ounce, as well as 100% of the gold production at its 777 mine at a discounted price of $400 an ounce until at least 2016. In return, Silver Wheaton injected HudBay with $500 million immediately to complete its Constancia buildout, with two additional $125 million payments to follow if certain measures are met by HudBay. The end result should be a win-win for both companies, with Silver Wheaton securing another long-term royalty stream and HudBay remaining healthfully net cash positive and profitable.

source from Top Stocks For 2015:http://www.topstocksblog.com/best-canadian-stocks-for-2015-2.html