Report

Initiation: A precious alternative

Silver Wheaton (SLW) is the world's pre-eminent silver streaming company with agreements covering 24 different mining projects, 19 of which are in production and two of which are anticipated to be in production in the foreseeable future (Constancia in FY15 and Rosemont in FY18). While at first glance analogous to both miners and royalty companies, Silver Wheaton's streaming business plan is almost unique as a listed investment opportunity as it offers exposure to exploration success and production expansion without exposure to cost inflation. It also pays a dividend and has geared exposure to precious metals prices. In the meantime, it trades on a rating that is uniformly cheaper than its royalty company contemporaries and is often little different to those of major mining companies, despite having a materially lower risk profile.
Underlying
Silver Wheaton Corp.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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