How Has Silver Wheaton’s Reporting Structure Changed?

SLW: Wheaton Precious Metals logo
SLW
Wheaton Precious Metals

Silver Wheaton has changed its reporting structure, in line with the changing prominence of its business segments. The company has reclassified the 777 Gold Mine as a part of its Other Gold Streams business segment, with the expected reduction of the precious metal stream from the 777 mine to 50% of gold produced from the mine as compared to the current 100% from the year 2017 onward, as per the terms of the streaming agreement for the 777 mine. The company has also reclassified its silver streaming agreements with Barrick Gold, which are expected to terminate in 2018, under the Other Silver Streams segment. Lastly, with the signing of a silver streaming agreement with Glencore for the Antamina mine, the company has created a new business segment for this stream. We have reclassified the Antamina mine from the Other Silver Streams segment in our model to create a standalone division for the same. Thus, we have changed the structure of our own model to reflect Silver Wheaton’s changing priorities, as shown below:

SLW Change In Reporting Structure 1

SLW Change In Reporting Structure 2

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SLW Change In Reporting Structure 3

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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Silver Wheaton

 

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