Silver Wheaton Acquires Gold Streams From Vale's Salobo And Sudbury Mines
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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, including 145 thousand ounces of gold [ 1]. By 2017, annual attributable production is anticipated to increase significantly to approximately 53 million silver equivalent ounces, including 180 thousand ounces of gold [ 1]. 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 Sudbury and Salobo mines.
____________________________ [ 1] Silver equivalent production forecast assumes a gold/silver ratio of 53.3:1 Silver Wheaton's Reserves and Resources for Sudbury and Salobo Mines are as follows: ATTRIBUTABLE RESERVES & RESOURCES ATTRIBUTAL TO SILVER WHEATON [ (1] , [ 2] , [ 3] , [ 4] , [ 5] , [ 6] , [ 8] , [ 11][)]
Process
Tonnage Grade Contained Recovery[(7)]
Au
Mine Category Mt g/t Au Moz %
Salobo (25%)(9) Proven 142.1 0.45 2.06
Sudbury (70%)(10) Reserves 34.8 0.29 0.33
Salobo (25%)(9) Probable 135.9 0.40 1.75
Sudbury (70%)(10) Reserves 26.5 0.49 0.42
Salobo (25%)(9) Proven & 278.0 0.43 3.80 66%
Sudbury (70%)(10) Probable 61.3 0.38 0.75 81%
Total Reserves 4.55
Sudbury (70%)(10) Indicated Resources 23.3 0.33 0.25
Salobo (25%)(9) 13.7 0.29 0.13
Sudbury (70%)(10) Inferred Resources 18.9 0.67 0.40
Total 0.53
Notes:
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