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Silver Wheaton Reports Record 2012 Operating And Financial Results

2. Ounces produced represent the quantity of silver and gold contained in concentrate or doré 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
          Peñasquito            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
          Peñasquito            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

 

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