Annual and Quarterly Reports

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Financials

Shareholders may request a hard copy of Silver Wheaton’s audited financial statements free of charge by emailing info@silverwheaton.com or calling toll free 1-800-380-8687 or 1-604-684-9648 for calls outside of Canada and the US.

Financial Highlights


Year Ended
                        Dec. 31, 2016
Quarter Ended
                        dec. 31, 2016
Attributable silver equivalent ounces produced (000’s)1 56,169 15,218
Total sales($000's) $ 891,557 $ 258,491
Silver equivalent ounces sold (000’s)1 52,388 15,249
Average realized silver equivalent price ($'s per ounce) $ 17.02 $ 16.95
Average silver equivalent cash cost ($'s per ounce)1 $ 4.86 $ 5.04
Net earnings ($000's) $ 195,137 $ 10,865
Adjusted net earnings ($000's)  $ 266,137 $ 81,865
Earnings per share                     
Basic $ 0.45 $0.02
Diluted $ 0.45 $0.02
Adjusted Earnings per share    
Basic $ 0.62 0.19
Diluted  $ 0.62 0.19
Cash flow from operations ($000's) $ 584,301 $ 174,702
Operating cash flow per share2 $ 1.36   $ 0.40
Total assets ($000's) $ 6,153,319 $ 6,153,319
Total liabilities ($000’s) $ 1,213,331 $ 1,213,331
Shareholders' equity ($000's) $ 4,939,988 $ 4,939,988
  1. Gold ounces produced and sold are converted to a silver equivalent basis based on either (i) the ratio of the average silver price received to the average gold price received during the peiod from the assets that produce both gold and silver; or (ii) the ratio of the price of silver to the price of gold on the date of sale as per the London Bullion Metal Exchange for the assets which produce only gold.
  2. Refer to discussion on non-IRFS measures in MD&A.

Non-IFRS Measures

1. Silver Wheaton Corp. ("Silver Wheaon" or the "Company") has included, throughout this website, certain non-IFRS performance measures, including (i) average cash costs of silver and gold on a per ounce basis; (ii) cash operating margin on a per ounce basis; (iii) operating cash flow per share (basic and diluted) and; (iv) adjusted net earnings and adjusted net earnings per share.

i. Average cash cost of silver and gold on a per ounce basis is calculated by dividing the cost of sales, less depletion, by the ounces sold. In the precious metals mining industry, this is a common performance measure but does not have any standardized meaning. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company’s performance and ability to generate cash flow.

ii. Cash operating margin is calculated by subtracting the average cash cost of silver and gold on a per ounce basis from the average realized selling price of silver and gold on a per ounce basis. The Company presents cash operating margin as it believes that certain investors use this information to evaluate the Company’s performance in comparison to other companies in the precious metals mining industry who present results on a similar basis.

iii. Operating cash flow per share (basic and diluted) is calculated by dividing cash generated by operating activities by the weighted average number of shares outstanding (basic and diluted). The Company presents operating cash flow per share as it believes that certain investors use this information to evaluate the Company’s performance in comparison to other companies in the precious metals mining industry who present results on a similar basis.

iv. Adjusted net earnings and adjusted net earnings per share are calculated by removing the effects of the non-cash impairment charges. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, management and certain investors use this information to evaluate the Company’s performance.

These non-IFRS measures do not have any standardized meaning prescribed by IFRS, and other companies may calculate these measures differently. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

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