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Silver Wheaton Enjoys Rise in Stock and Recent Acquisition reports WholeSale Gold Group

(EMAILWIRE.COM, October 31, 2012 ) San Francisco, CA- Through the third quarter of 2012 silver has found a bullish spirit that should carry it through to the end of the year.

Silver exchange-traded funds (ETFs) and silver mining companies have been thoroughly enjoying the rewards that come with a surge from the previous metal.

Silver Wheaton Corp (SLW) has jumped from $25 shares to currently trading at 39.12. That marks year-to-dates gains over one third. The best news is that silver seems to not be done in its climb.

Silver Wheaton has be able to find a niche via silver streaming.

The company provides money for capital expenditures, then acquires purchasing rights of the produced metals at low and fixed rates. Thus, the company does not pay for front ongoing capital or exploration costs, and a fixed one-time costs cuts risks.

Currently the company holds 15 silver purchase agreements as well as three previous metal purchase agreements. This spans across 13 mining partners globally.

Randy Smallwood, Silver Wheaton CEO attributes the success to the metal itself.

He explains, "It is all about choosing the right commodity, and being focused on silver has proved to be a good decision for us. We are careful to select projects that will deliver significant organic growth."

Helping Silver Wheaton was the positive reaction to its acquiring of HudBay Minerals Inc. in 2012.

Silver Wheaton can take 100% of production from two of the acquired company’s mines. That means expansion from the 28 million silver ounces projected in this year’s forecast. The number will now likely climb to the ballpark of 48 million equivalent silver ounces in 2016, reported Trefis.

The expansion harkens the saying “to the victor goes the spoils.” With silver rising the way it has, Silver Wheaton will most certainly have every right to feel pampered.

About WholeSaleGoldGroup.com:

WholeSaleGoldGroup.com (http://www.wholesalegoldgroup.com/buy-silver-coins/why-buy-silver) is the go to resource to find the latest trend on buying precious metals like gold and silver . The precious metal, silver, is expected to rise in the coming months, and now people can learn why it is the perfect time to hop on board the silver train and learn the best techniques to invest with the precious metal dealer.

WholeSaleGoldGroup.Com
Francis Leland MacDonald
18882455888
francismacdonald@wholesalegoldgroup.com

Source: EmailWire.com

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