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Silver Wheaton Reports Record Second Quarter And First Half 2013 Production

The Company currently has ten business segments: The silver produced by the San Dimas, Yauliyacu, Peñasquito, Barrick and Other mines, the gold produced by the Minto, 777, Sudbury and Salobo mines and corporate operations.


                                                                Average     Average
                                                                Realized     Cash
                                                                 Price       Cost
                                Ounces      Ounces              ($'s Per   ($'s Per
                            Producedsquared  Sold     Sales      Ounce)    Ounce)[3]
    Silver
             San Dimas [4]            1,160  1,194   $  27,319    $ 22.88     $  4.14
             Yauliyacu                  668    559      13,353      23.89        4.12
             Peñasquito               1,440  1,058      24,690      23.34        4.02
             Barrick [5]                556    560      14,331      25.59        3.90
             Other [6]                2,570  1,771      39,192      22.13        4.29
                                      6,394  5,142   $ 118,885    $ 23.12     $  4.14
    Gold
             Minto                    4,226  3,409   $   4,465    $ 1,310     $   307
             777                     16,986 23,483      33,872      1,442         400
             Sudbury                  8,084  4,184       5,824      1,392         400
             Salobo                   6,342  2,793       3,844      1,377         400
                                     35,638 33,869   $  48,005    $ 1,417     $   391
    Silver equivalent [7]             8,615  7,239   $ 166,890    $ 23.05     $  4.77
    Corporate
             General and
             administrative
             Other
    Total corporate
                                      8,615  7,239   $ 166,890    $ 23.05     $  4.77

Results of Operations (unaudited) continued

                                                        Three Months Ended June 30, 2013
                                  Average                        Cash
                                Depletion                        Flow
                                 ($'s Per        Net             From
                                   Ounce)      Earnings      Operations     Total Assets
    Silver
             San Dimas [4]        $  0.82    $   21,407     $   22,381      $   160,454
             Yauliyacu               5.75         7,837         11,049          211,225
             Peñasquito              2.66        17,629         20,438          480,588
             Barrick [5]             3.31        10,293         12,573          599,031
             Other [6]               4.82        23,066         34,369          564,642
                                  $  3.38    $   80,232     $  100,810      $ 2,015,940
    Gold
             Minto                $   115    $    3,026     $    3,743      $    29,050
             777                      802         5,655         24,479          306,367
             Sudbury                  829           681          4,150        1,328,717
             Salobo                   462         1,437          2,727          620,306
                                  $   708    $   10,799     $   35,099      $ 2,284,440
    Silver equivalent [7]         $  5.71    $   91,031     $  135,909      $ 4,300,380
    Corporate
             General and
             administrative                  $  (8,876)
             Other                             (11,038)
    Total corporate                          $ (19,914)     $ (10,651)      $    95,632
                                  $  5.71    $   71,117     $  125,258      $ 4,396,012

 

       All figures in thousands except gold ounces produced and sold and per
    1) ounce amounts.
       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
    2) periods as additional information is received.
       Refer to discussion on non-IFRS measures at the end of this press
    3) release.
       Results for San Dimas include 375,000 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
    4) sale of San Dimas to Primero.
       Comprised of the operating Lagunas Norte, Pierina and Veladero silver
    5) interests in addition to the non-operating Pascua-Lama silver interest.
       Comprised of the operating Los Filos, Zinkgruvan, Keno Hill, Mineral
       Park, Cozamin, 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
    6) interests.
       Gold ounces produced and sold are converted to a silver equivalent
       basis based on either (i) 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; or (ii) the ratio of the
       price of silver to the price of gold on the date of sale as per the
    7) London Bullion Metal Exchange for the assets which produce only gold.


                                                                        Average    Average
                                                                       Realized     Cash
                                                                        Price       Cost
                                        Ounces      Ounces             ($'s Per   ($'s Per
                                   Produced[SQ]       Sold     Sales      Ounce) Ounce)[3]
    Silver
             San Dimas [4]                1,231      1,295  $ 36,695    $ 28.34   $  4.09
             Yauliyacu                      606      1,155    34,468      29.84      4.08
             Peñasquito                   1,822      1,845    53,197      28.83      3.99
             Barrick [5]                    455        470    14,183      30.18      3.90
             Other [6]                    2,378      2,024    59,151      29.22      4.05
                                          6,492      6,789 $ 197,694    $ 29.12   $  4.04
    Gold
             Minto                        3,710      2,369     3,714      1,568       303
    Silver equivalent [7]                 6,710      6,928 $ 201,408    $ 29.07   $  4.06
    Corporate
             General and administrative
             Other
    Total corporate
                                          6,710      6,928 $ 201,408    $ 29.07   $  4.06

continued


                                                    Three Months Ended June 30, 2012

                                      Average
                                    Depletion                   Cash Flow
                                    ($'s Per        Net          From
                                       Ounce)      Earnings     Operations     Total Assets
    Silver
             San Dimas [4]            $  0.79    $   30,367     $  31,394      $   165,161
             Yauliyacu                   5.02        23,959        32,202          221,723
             Peñasquito                  2.96        40,373        45,835          495,993
             Barrick [5]                 4.34        10,310        13,571          601,035
             Other [6]                   3.39        44,099        52,113          321,437
                                      $  3.12    $  149,108     $ 175,115      $ 1,805,349
    Gold
             Minto                        171         2,593         2,928           32,596
    Silver equivalent [7]             $  3.12    $  151,701     $ 178,043      $ 1,837,945
    Corporate
             General and administrative          $  (7,354)
             Other                                  (2,933)
    Total corporate                              $ (10,287)     $ (5,127)      $ 1,218,880
                                      $  3.12    $  141,414     $ 172,916      $ 3,056,825

 


       All figures in thousands except gold ounces produced and sold and per
    1) ounce amounts.
       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
    2) periods as additional information is received.
       Refer to discussion on non-IFRS measures at the end of this press
    3) release.
       Results for San Dimas include 375,000 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
    4) sale of San Dimas to Primero.
       Comprised of the operating Lagunas Norte, Pierina and Veladero silver
    5) interests in addition to the non-operating Pascua-Lama silver interest.
       Comprised of the operating Los Filos, Zinkgruvan, Keno Hill, Mineral
       Park, Cozamin, Neves-Corvo, Stratoni, Campo Morado, Minto and Aljustrel
       silver interests in addition to the non-operating Rosemont silver and
    6) gold interest and Loma de La Plata silver interest.
       Gold ounces produced and sold are converted to a silver equivalent
       basis based on either (i) 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; or (ii) the ratio of the
       price of silver to the price of gold on the date of sale as per the
    7) London Bullion Metal Exchange for the assets which produce only gold.

Non-IFRS Measures

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