Why Silver Wheaton Will Get Better After Q2 Results

August 13, 2015 at 01:07PM

  • SLW’s Q2 results were a mixed bag as despite record production, its bottom line fell due to a slight increase in costs and a 17% decline in price.
  • SLW, however, seems to have hit the bottom as silver pricing looks set to improve going forward due to improving industrial demand and lower production due to idling of mines.
  • SLW’s operating costs are historically fixed at $4 per ounce of silver and $400 per ounce of gold, indicating that an increase in prices will lead to margin enhancements.
  • SLW is well-positioned to satisfy the improving demand for silver on the back of its Constancia and Salobo mines, which will drive its overall production 40% higher by 2019.

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