Silver Wheaton was founded in 2004 and became one of the leading metals streaming companies globally. Goldcorp sold 108 million shares in 2004, divesting itself of Silver Wheaton. In 2009, Silver Wheaton acquired the silver mining company Silverstone Resources.

Silver Wheaton purchases a portion or all of the silver production of miners, making upfront payments at a low cost. Its main competitors are Coeur d'Alene Mines and Mitsubishi Materials, among others.

The company maintains a portfolio of world-class assets, such as the Pascua-Lama project of Barrick Gold and the Peñasquito mine of Goldcorp in Mexico. Moreover, the company has developed a unique business model aiming to create shareholder value. The goal is to provide significant leverage to increases in the price of silver, simultaneously lowering the risks traditional miners face.

Silver purchase or silver stream agreements allow the company to purchase the byproduct silver production of mining operations, which it does not operate or own. About 70 percent of the total production of silver is a byproduct of the production of other precious and base metals, and there are plenty of opportunities for business expansion following this business model. Given that silver is purchased at a fixed cost, this reduces the downside risks for shareholders. At the same time, the company benefits from the exploration and production growth of miners without contributing to exploration costs and future capital expenditures.

Silver Wheaton is a company that pursues acquisitions, which are low-risk in terms of political jurisdiction and asset quality and are accretive to the company’s shareholders. To this purpose, Silver Wheaton has metal purchase agreements and silver stream agreements with mining companies around the world. The agreements cover development stage projects and operating mines.

The company buys silver production as well as small amounts of gold by signing multi-year agreements. Silver comes from high-quality mining sites found in Peru, Argentina, Sweden, Chile, Greece, and Mexico. Other mining sites are located in the US, Canada, and Portugal. A large portion of Silver Wheaton’s revenue comes from long-life, low-cost mining operations. Then, Silver Wheaten deposits silver bullion in metals trading accounts, and it is sold at the prevailing spot price.
PageRank: 0/10
(Clicks: 6; Added on: Nov 26, 2011) Listing Details Report Broken  Listing
Teck Resources is a Canadian-based mining company, established with the amalgamation of Cominco and Tech in 2001. Cominco was formed in 1906 and named the Consolidated Mining and Smelting Company of Canada. The core mine of the Company, Sullivan Mine was found in Kimberley and exploitation started in 1909. Production continued for over 90 years, and its reserves were depleted in 2001.

Teck was originally formed in 1913 by James Hughes and Sandy McIntyre as to develop a gold discovery as Kirkland Lake. The Teck-Hughes mine was exploited until 1965, producing for some 50 years. In 1969, Tech purchased the Beaverdell Mine, where exploitation started in 1898, and silver was produced until 1991. The association between the two companies, Cominco and Teck, started in 1986, when together with two of its industry partners, Teck acquired a shareholding from the Canadian Pacific Limited.

Today, Teck Resources is the largest company in Canada, engaged in the production of zinc, steelmaking coal, copper, and energy. Its main competitors in these sectors are CONSOL Energy Inc., Boliden AB, and BHP Billiton Limited

The company exports steelmaking coal and operates six mines with a reserve life of 25 years. Active operations of the company include Coal Mountain, Cardinal River, Line Creek, and others. Teck Resources operates five mines and is a significant copper producer, exploring the potential for new discoveries. Among its active operations are Antamina, Highland Valley Copper, Carmen de Andacollo, and Quebrada Blanca. The company is also the third largest zinc producer globally, supporting market growth to enhance the value of its assets. Active operations of Tech Resources are Pend Oreille, Red Dog, and Trail. The Red Dog mining site is located in Alaska and is among the largest zinc mines in the world. The Antamina mine is found in the northern part of Peru and is a large producer of zinc concentrate. The metallurgical facility of Teck Resources is located in British Columbia and benefits from the low-cost power produced by the hydroelectric dam facility in Waneta. Lead and zinc refining and smelting operations take place here. In the energy sector, the company has two development projects Frontier and Equinox and Fort Hills.
PageRank: 0/10
(Clicks: 8; Added on: Nov 26, 2011) Listing Details Report Broken  Listing
Yamana Gold is a Canada-based gold miner with exploration properties, gold development projects, gold production sites, and land positions in Colombia, Chile, Argentina, Mexico, and Columbia. It aims to expand its operations through the advancement of exploration properties, throughput increases, and expansion of existing operations, targeting a variety of gold consolidation opportunities on the North and South American continents.

The company began operations in 2003 and is presently headquartered in Toronto. It acquired several gold miners between 2005 and 2007, among which Desert Sun, Viceroy, Northern Orion, RNC Gold, and Meridian Gold. Yamana Gold is traded on NYSE under the ticker symbol AUY and on TSX under YRI. Its main competitors are Kinross Gold Corporation, Goldcorp Inc., and AngloGold Ashanti Limited

Yamaha Gold operates mining sites in Jacobina, Chapada, and El Penon, among others. Chapada is a gold-copper open pit mine found in the Goias State. El Penon is a gold-silver high grade mine found in the northern part of Chile, southeast of Antofagasta. It is an underground mine with commercial production since 2000. Exploration activities aim to upgrade and extend the known deposits as well as discover new deposits. The Gualcamayo mine is one hundred percent Yamana-owned, open pit gold mine, with 3 zones of gold mineralization. The mine is found in the northern part of the San Juan province. Another mine, which is one hundred percent Yamana-owned in the Jacobina mine, found in northeastern Brazil. The mining site comprises of a carbon-in-pulp processing facility and a complex of gold mines found underground.

Minera Florida is a mining operation found in central Chile. It is a gold-silver underground mine, which has been exploited for more than 20 years. Another mine that has been in operation for more than 20 years is Fazenda Brasileiro. This is a gold mine, with reserves that were consistently replaced when mined. It is located in the northeast part of Brazil. The CLX2 and Lagoa do Gato zones are recent discoveries, and they are accessible from existing operations. Finally, the Alumbrera mine is among the largest copper and gold mines in the world found in northwest Argentina.
PageRank: 0/10
(Clicks: 9; Added on: Nov 27, 2011) Listing Details Report Broken  Listing
Sort listings by: Alphabetic Date Clicks Rank    ascending | descending
Accounts area
Forgot password? Register