Silver Wheaton Corp. Press Releases

Silver Wheaton Announces Election Of Directors

Tue, 21 May 2013 20:33:00 -0400

TSX:SLW
NYSE:SLW

VANCOUVER, May 21, 2013 /CNW/ - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW) (NYSE:SLW) announces that the nominees listed in the management proxy circular for the 2013 Annual and Special Meeting of Shareholders were elected as directors of Silver Wheaton. Detailed results of the vote for directors of the Company held at the Annual and Special Meeting of Shareholders earlier today, are shown below:

Nominee	Votes For	% For	Votes Withheld	% Withheld
Lawrence I. Bell	163,686,019	98.17%	3,057,775	1.83%
George L. Brack	161,971,403	97.14%	4,772,391	2.86%
John A. Brough	164,035,349	98.38%	2,708,445	1.62%
R. Peter Gillin	164,360 973	98.57%	2,382,821	1.43%
Douglas M. Holtby	164,119,792	98.43%	2,624,002	1.57%
Eduardo Luna	134,668,080	80.76%	32,075,714	19.24%
Wade D. Nesmith	134,708,465	80.79%	32,035,329	19.21%
Randy V.J. Smallwood	164,520,490	98.67%	2,223,304	1.33%

In addition, the non-binding advisory resolution accepting the Company's approach to executive compensation was carried with 93.87% of the votes cast in favour of such resolution.

Patrick Drouin
Vice President, Investor Relations
Silver Wheaton Corp.
Tel: 1-800-380-8687
Email: info@silverwheaton.com
Website: www.silverwheaton.com

Silver Wheaton amends dividend policy and declares second quarterly dividend payment for 2013

Fri, 10 May 2013 18:00:00 -0400

TSX:SLW
NYSE:SLW

VANCOUVER, May 10, 2013 /CNW/ - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW) (NYSE:SLW) is pleased to announce that its Board of Directors has amended the Company's dividend policy in order to increase the stability of the dividend. Commencing immediately, the quarterly dividend per common share will be equal to 20% of the average cash generated by operating activities in the previous four quarters divided by the Company's outstanding common shares at the time the dividend is approved, all rounded to the nearest cent.

As a transitionary measure, however, the second quarterly dividend being announced today has been calculated using the average cash generated by operating activities for the trailing two quarters (fourth quarter of 2012 and first quarter of 2013). The third quarterly dividend in 2013 will be calculated using the average cash generated by operating activities for the trailing three quarters (fourth quarter 2012, first quarter 2013 and second quarter 2013), after which future quarterly dividends will be calculated using the average cash generated by operating activities for the trailing four quarters.

Based on the amended policy, the Board of Directors has declared its second quarterly cash dividend for 2013 of US$0.12 per common share. The quarterly dividend will be paid to holders of its common shares as of the close of business on May 23, 2013, and will be distributed on or about May 31, 2013. Under the previous dividend policy, the payout would have been equal to 20% of the cash generated by operating activities in the first quarter of 2013, or US$0.09 per common share.

The declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors. This dividend qualifies as an 'eligible dividend' for Canadian income tax purposes.

About Silver Wheaton

Silver Wheaton is the largest precious metals streaming company in the world. Based upon its current agreements, forecast 2013 attributable production is approximately 33.5 million silver equivalent ounces¹, including 145 thousand ounces of gold. By 2017, annual attributable production is anticipated to increase significantly to approximately 53 million silver equivalent ounces¹, including 180 thousand ounces of gold. This growth is driven by the Company's portfolio of low-cost and long-life assets, including precious metal streams on Barrick's Pascua-Lama project, Hudbay's Constancia project, and Vale's Salobo and Sudbury mines.

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¹ Silver equivalent production forecast assumes a gold/silver ratio of 53.3:1

CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS
The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements with respect to the future price of silver and gold, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, reserve determination, reserve conversion rates and statements as to any future dividends. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Silver Wheaton to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: fluctuations in the price of silver and gold; the absence of control over mining operations from which Silver Wheaton purchases silver or gold and risks related to these mining operations including risks related to fluctuations in the price of the primary commodities mined at such operations, actual results of mining and exploration activities, economic and political risks of the jurisdictions in which the mining operations are located and changes in project parameters as plans continue to be refined; and differences in the interpretation or application of tax laws and regulations; as well as those factors discussed in the section entitled "Description of the Business - Risk Factors" in Silver Wheaton's Annual Information Form available on SEDAR at www.sedar.com and in Silver Wheaton's Form 40-F on file with the U.S. Securities and Exchange Commission in Washington, D.C. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued operation of the mining operations from which Silver Wheaton purchases silver or gold, no material adverse change in the market price of commodities, that the mining operations will operate and the mining projects will be completed in accordance with their public statements and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although Silver Wheaton has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking statements. Silver Wheaton does not undertake to update any forward-looking statements that are included or incorporated by reference herein, except in accordance with applicable securities laws.

Patrick Drouin
Vice President, Investor Relations
Silver Wheaton Corp.
Tel: 1-800-380-8687
Email: info@silverwheaton.com
Website: www.silverwheaton.com

Silver Wheaton reports a strong start to 2013 with first quarter revenues of US$205.8 million

Fri, 10 May 2013 17:58:00 -0400

VANCOUVER, May 10, 2013 /CNW/ - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW) (NYSE:SLW) is pleased to announce its unaudited results for the first quarter ended March 31, 2013. All figures are presented in United States dollars unless otherwise noted.

FIRST QUARTER HIGHLIGHTS

Attributable silver equivalent production of 8.0 million ounces (6.3 million ounces of silver and 32,200 ounces of gold) compared to 6.7 million ounces in Q1 2012, representing an increase of 20%.
Silver equivalent sales of 6.9 million ounces (6.0 million ounces of silver and 16,900 ounces of gold) compared to 6.1 million ounces in Q1 2012, representing an increase of 13%.
Revenues of $205.8 million compared to $199.6 million in Q1 2012, representing an increase of 3%.
Net earnings of $133.4 million ($0.38 per share) compared to $147.2 million ($0.42 per share) in Q1 2012, representing a decrease of 9%.
Operating cash flows of $165.6 million ($0.47 per share¹) compared to $163.8 million ($0.46 per share¹) in Q1 2012, representing an increase of 1%.
Cash operating margin¹ for the three months ended March 31, 2013 of $25.33 per silver equivalent ounce compared to $28.51 in Q1 2012.
Average cash costs¹ rose to $4.39 per silver equivalent ounce compared with $4.08 in Q1 2012.
Declared quarterly dividend of $0.12 per common share as the result of an amended dividend policy whereby the quarterly dividend will be equal to 20% of the average of the previous four quarters' operating cash flow, with a gradual implementation.
On February 28, 2013, the Company announced that it had entered into definitive agreements to acquire from Vale S.A. ("Vale") an amount of gold equal to 25% of the life of mine gold production from its Brazilian Salobo mine, as well as 70% of the gold production, for a 20 year term, from certain of its Canadian Sudbury mines.

^{_______________________________________}
¹ Please refer to non-IFRS measures at the end of this press release.

"Strong first quarter production of 8.0 million ounces represents a solid start to the year. We remain on track to meet our 2013 forecast of 33.5 million silver equivalent ounces, an increase of 13% over the previous year," said Randy Smallwood , President and Chief Executive Officer of Silver Wheaton. "This growth is largely due to our February acquisition of gold streams from Vale's Salobo mine in Brazil and its Sudbury mines in Canada, along with a full year's production from our precious metals stream on Hudbay's 777 mine, also located in Canada. The Vale acquisition adds another world-class partner to our portfolio, further endorses the competitiveness of our streaming model, and significantly increases Silver Wheaton's organic production growth profile."

"In March, we announced the milestone of reaching silver equivalent reserves of well over one billion ounces. Given the strength and depth of our current opportunity pipeline, we continue to focus on adding additional high-quality ounces to our portfolio in 2013. We believe that the foundation of any strong mining company is the quality of its mineral reserves and resources, and Silver Wheaton has one of the strongest and most active portfolios in the entire precious metals space."

"While the past few weeks have been characterized by volatility in the commodity markets, we continue to provide shareholders with the stability of low, predictable costs. With an average quarterly cash cost of just under $4.40 per silver equivalent ounce, Silver Wheaton once again generated significant cash flow and earnings. Today, we have amended our dividend policy in order to reduce the volatility associated with our quarterly distribution. While we will still pay out a sustainable 20% of operating cash flow, we are now using the average of the trailing four quarters' operating cash flow, with our first reference quarter being the fourth quarter of 2012. This measure should dampen the volatility we have seen as a result of variable timing of concentrate shipments, along with commodity prices, resulting in a more stable dividend."

Financial Review


	*Revenues*
	Revenue was $205.8 million in the first quarter of 2013, on silver equivalent sales of 6.9 million ounces (6.0 million ounces of silver and 16,900 ounces of gold). This represents a 3% increase from the $199.6 million of revenue generated in the first quarter of 2012, due primarily to a 13% increase in the number of silver equivalent ounces sold, partially offset by a lower realized sales price.

	*Costs and Expenses*
	Average cash costs in the first quarter of 2013 were $4.39¹ per silver equivalent ounce, compared with US$4.08¹ during the comparable period of 2012. Cash costs rose slightly year over year primarily due to increased gold sales associated with Hudbay Minerals Inc.'s ("Hudbay") 777 mine. This resulted in cash operating margins¹of $25.33 per silver equivalent ounce, a reduction of 11% as compared to the first quarter of 2012. The decrease in the cash operating margin was largely due to a 9% decrease in the realized silver price in the first quarter of 2013 compared to the first quarter of 2012 as well as increased cash costs as noted above.

	*Earnings and Operating Cash Flows*
	Net earnings in the first quarter of 2013 were $133.4 million ($0.38 per share), compared with $147.2 million ($0.42 per share) for the same period in 2012, a decrease of 9%. Cash flow from operations in the first quarter of 2013 was $165.6 million ($0.47 per share¹), compared with $163.8 million ($0.46 per share¹) for the same period in 2012, an increase of 1%.

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¹ Please refer to non-IFRS measures at the end of this press release.

Balance Sheet

At March 31, 2013, the Company had approximately $75.5 million of cash on hand. On February 28, 2013, the Company entered into two new credit facilities, comprised of (i) a $1 billion revolving credit facility ("Revolving Facility") having a 5 year term; and (ii) a $1.5 billion bridge financing facility ("Bridge Facility") having a 1 year term, as more fully described in Note 10 to the financial statements. At March 31, 2013, the Company owed approximately $1.09 billion under its Bridge Facility in connection with the acquisition of the Salobo and Sudbury gold streams.

Subsequent to March 31, 2013, the Company reduced the available capacity under the Bridge Facility by $410 million and repaid $500 million of the Bridge Facility with proceeds obtained from drawing on the Revolving Facility. Following this repayment, the Company had $590 million drawn on the Bridge Facility and $500 million outstanding on the Revolving Facility. The combination of cash, combined with the credit available under the Revolving Facility, and ongoing operating cash flows, positions the Company well to fund all outstanding commitments as well as provide flexibility to acquire additional accretive precious metal stream interests.

Amended Dividend Policy

Silver Wheaton's Board of Directors has amended the existing dividend policy in order to decrease the volatility in the dividend that is caused by the timing of silver and gold sales. Commencing immediately, the quarterly dividend per common share will be equal to 20% of the average cash generated by operating activities in the previous four quarters, divided by the Company's outstanding common shares at the time the dividend is approved, all rounded to the nearest cent.

This new policy will be implemented gradually. As a transitionary measure, the second quarterly dividend being announced today has been calculated using the average cash generated by operating activities for the trailing two quarters (fourth quarter of 2012 and first quarter of 2013). The third quarterly dividend in 2013 will be calculated using the average cash generated by operating activities for the trailing three quarters (fourth quarter 2012, first quarter 2013 and second quarter 2013), after which future quarterly dividends will be calculated using the average cash generated by operating activities for the trailing four quarters.

As a result of the amended dividend policy, a $0.12 per common share quarterly dividend will be paid to holders of record of Silver Wheaton's common shares on May 23, 2013, and distributed on or around May 31, 2013. Under the previous dividend policy, the payout would have been equal to 20% of the cash generated by operating activities in the first quarter of 2013, or $0.09 per common share.

The declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors. This dividend qualifies as an 'eligible dividend' for Canadian income tax purposes.

Operational Highlights

Attributable silver equivalent production was 8.0 million ounces (6.3 million ounces of silver and 32,200 ounces of gold) in the first quarter of 2013, representing an increase of 20% compared to the first quarter of 2012.

Operational highlights for the quarter ended March 31, 2013, are as follows:

	*Pascua-Lama* -
	Subsequent to March 31, 2013, Barrick Gold Corporation ("Barrick") suspended construction activities in Chile, including work on the primary crusher and the Chilean side of the tunnel that conveys ore from Chile to Argentina, due to the issuing of a temporary injunction by the Copiapó Court of Appeals, Chile. In September 2012, a constitutional rights protection action was filed in the Court of Appeals of Copiapó by representatives of indigenous communities and certain other individuals against Barrick's Chilean subsidiary and the Environmental Evaluation Commission of the III Region of Atacama, Chile, the regulatory body with oversight authority over the Pascua-Lama project. The action alleges noncompliance with the environmental requirements of the project's Chilean environmental approval. On April 9, 2013, the Copiapó Court of Appeals granted a request for a preliminary injunction to suspend construction activities on the Chilean side of the project pending a hearing. Barrick stated that activities determined to be necessary for environmental protection are expected to continue. Construction in Argentina, where the majority of Pascua-Lama's critical infrastructure is located, including the process plant and tailings storage facility, has not been affected.
	Barrick has stated that until they have clarity on the regulatory and legal aspects, they are unable to fully assess the impact on the capital budget, operating costs and schedule of the project. Barrick also stated that they are at an early stage of evaluating an alternative development plan that involves accelerating the development of another smaller pit in Argentina in order to provide a source of ore for initial production, and that this alternative could provide ore for approximately six months of production during commissioning and ramp up. Therefore, if resumption of construction activities in Chile is delayed beyond late 2013, or if such development alternative is determined not to be feasible, there could be a significant change to the mine plan and an impact on the capital cost and production schedule of the project. Barrick has stated that they will continue to evaluate all alternatives in light of the uncertainties associated with the legal and regulatory actions and the current environment.
	Until the earlier of Barrick satisfying its Pascua-Lama completion test or December 31, 2015, Silver Wheaton will be entitled to all or a portion of the silver production from Barrick's Veladero, Pierina and Lagunas Norte mines. Silver Wheaton's forecast production is 1.7 million ounces from these mines combined in 2013; however, just in the first quarter of 2013, these three mines produced a combined 0.74 million ounces for the Company. Once in production, Pascua-Lama is forecast to be one of the largest and lowest cost gold mines in the world, with an expected mine life in excess of 25 years. In its first full five years of operation, Silver Wheaton's silver production attributable to Pascua-Lama is expected to average 9 million ounces annually.

	*Peñasquito* -
	As stated in Goldcorp Inc.'s ("Goldcorp") May 2, 2013 disclosure, ongoing studies to develop a long-term water strategy for the Peñasquito district are expected to be completed in the second quarter of 2013. The studies are evaluating both the development of new water sources as well as opportunities to reduce water consumption in the tailings facility. When complete, the studies are also expected to enable a decision on whether to proceed with a detailed feasibility study investigating the possibility of expanding and/or reconfiguring the existing tailings facility in order to enhance water usage efficiency over the life of the mine. A new water source has been identified, within Goldcorp's current permitted basin, with the potential to supply sufficient fresh water to continue the plant ramp up to full design plant throughput. The well field is expected to be in production by end of the second quarter of 2014.
	As at March 31, 2013, approximately 0.8 million ounces of cumulative payable silver ounces have been produced at Peñasquito but not yet delivered to the Company, representing a decrease of 0.5 million payable silver ounces during the quarter.

	*Other -*
	According to Hudbay's May 1, 2013 disclosure, construction at the Constancia project in Peru continued to progress in the first quarter and initial production remains on track for late 2014 with full production still on schedule for the second quarter of 2015. Development of the project is approximately 25% complete. Progress on the tailings management facility has been negatively impacted by the unusually high rainfall in the first quarter. However, the dry season commenced in April and Hudbay believes the impact on project schedule is recoverable. Hudbay had incurred $480 million in costs of its $1.5 billion capital construction budget as of March 31, 2013. As per the agreement with Hudbay, Silver Wheaton will pay Hudbay total cash consideration of $294.9 million for the Constancia silver stream, of which $44.9 million was paid on the closing date of September 28, 2012, with two further payments of $125 million to be made once capital expenditures of $500 million and $1 billion have been incurred.
	The Campo Morado mines had lower than expected production in the first quarter. According to Nyrstar SA's ("Nyrstar") April 24, 2013 disclosure, lower throughput at Campo Morado was due to a temporary suspension of mining operations during February and March, which was a result of an administrative issue resulting in the temporary cancellation of the site's explosives permit. Nyrstar has stated that operations at Campo Morado restarted in early April, and that there is a recovery plan in place to catch up on production during 2013. *Produced But Not Yet Delivered -* Payable silver equivalent ounces produced but not yet delivered to Silver Wheaton by its partners increased by 0.3 million ounces to approximately 4.1 million silver equivalent payable ounces at March 31, 2013. An increase in produced but not yet delivered ounces at Yauliyacu, 777, Salobo, and Sudbury was largely offset by decreases at Peñasquito and Campo Morado.

Detailed mine by mine production and sales figures can be found in the Appendix of this press release and in Silver Wheaton's Management's Discussion and Analysis ("MD&A") in the 'Results of Operations and Operational Review' section.

This earnings release should be read in conjunction with Silver Wheaton's MD&A and unaudited Financial Statements, which are available on the Company's website at www.silverwheaton.com and have been posted on SEDAR at www.sedar.com.

Webcast and Conference Call Details

A conference call will be held Monday, May 13, 2013, starting at 11:00 am (Eastern Time) to discuss these results. To participate in the live call please use one of the following methods:

Dial toll free from Canada or the US:	1-888-231-8191
Dial from outside Canada or the US:	1-647-427-7450
Pass code:	34709047
Live audio webcast:	www.silverwheaton.com

Participants should dial in five to ten minutes before the call.

The conference call will be recorded and you can listen to an archive of the call by one of the following methods:

Dial toll free from Canada or the US:	1-855-859-2056
Dial from outside Canada or the US:	1-416-849-0833
Pass code:	34709047
Archived audio webcast:	www.silverwheaton.com

About Silver Wheaton

Silver Wheaton is the largest precious metals streaming company in the world. Based upon its current agreements, forecast 2013 attributable production is approximately 33.5 million silver equivalent ounces¹, including 145 thousand ounces of gold. By 2017, annual attributable production is anticipated to increase significantly to approximately 53 million silver equivalent ounces¹, including 180 thousand ounces of gold. This growth is driven by the Company's portfolio of low-cost and long-life assets, including silver and precious metal streams on Barrick's Pascua-Lama project, Hudbay's Constancia project, and Vale's Salobo and Sudbury mines.

______________________________
¹ Silver equivalent production forecast assumes a gold/silver ratio of 53.3:1

*Consolidated Statement of Earnings*

		Three Months Ended March 31
(US dollars and shares in thousands, except per share amounts - unaudited)		2013		2012
Sales	$	205,761	$	199,638
Cost of sales
Cost of sales, excluding depletion	$	30,410	$	25,019
Depletion		24,341		17,206
Total cost of sales	$	54,751	$	42,225
Earnings from operations	$	151,010	$	157,413
Expenses and other income
General and administrative ¹	$	9,893	$	7,564
Foreign exchange gain		(111)		(30)
Interest expense		680		-
Other expense (income)		2,845		(650)
	$	13,307	$	6,884
Earnings before income taxes	$	137,703	$	150,529
Income tax expense		(4,282)		(3,348)
Net earnings	$	133,421	$	147,181

Basic earnings per share	$	0.38	$	0.42
Diluted earnings per share	$	0.37	$	0.41
Weighted average number of shares outstanding
Basic		354,423		353,529
Diluted		356,382		355,943
1) Equity settled stock based compensation (a non-cash item) included in general and administrative expenses.	$	1,470	$	1,659


*Consolidated Balance Sheets*

		March 31		December 31
(US dollars in thousands - unaudited)		2013		2012
Assets
Current assets
Cash and cash equivalents	$	75,535	$	778,216
Accounts receivable		5,291		6,197
Other		6,267		966
Total current assets	$	87,093	$	785,379
Non-current assets
Silver and gold interests	$	4,211,991	$	2,281,234
Long-term investments		94,663		121,377
Other		6,506		1,347
Total non-current assets	$	4,313,160	$	2,403,958
Total assets	$	4,400,253	$	3,189,337
Liabilities
Current liabilities
Accounts payable and accrued liabilities	$	20,363	$	20,898
Dividends payable		49,647		-
Current portion of bank debt		1,090,000		28,560
Current portion of performance share units		1,023		-
Total current liabilities	$	1,161,033	$	49,458
Non-current liabilities
Long-term portion of bank debt	$	-	$	21,500
Deferred income taxes		12,230		9,250
Performance share units		1,207		2,055
Total non-current liabilities	$	13,437	$	32,805
Total liabilities	$	1,174,470	$	82,263
Shareholders' equity
Issued capital	$	1,816,975	$	1,811,577
Reserves		27,826		(1,710)
Retained earnings		1,380,982		1,297,207
Total shareholders' equity	$	3,225,783	$	3,107,074
Total liabilities and shareholders' equity	$	4,400,253	$	3,189,337


*Consolidated Statement of Cash Flows*

	Three Months Ended March 31
(US dollars in thousands - unaudited)	2013		2012

Operating activities
Net earnings	$	133,421	$	147,181
Adjustments for
Depreciation and depletion		24,393		17,267
Interest expense		680		-
Amortization of credit facility origination fees		1,005		-
Equity settled stock based compensation		1,470		1,659
Performance share units		214		176
Deferred income tax expense		4,239		3,068
Loss (gain) on fair value adjustment of share purchase warrants held		1,330		(675)
Investment income recognized in net earnings		(231)		(319)
Other		(4)		(92)
Change in non-cash operating working capital		(1,110)		(4,756)
Cash generated from operations	$	165,407	$	163,509
Interest received		205		302
Cash generated from operating activities	$	165,612	$	163,811

Financing activities
Bank debt repaid	$	(50,060)	$	(7,140)
Bank debt drawn		1,090,000		-
Credit facility origination fees		(11,518)		-
Share purchase warrants exercised		2,975		10
Share purchase options exercised		1,042		924
Cash generated from (applied to) financing activities	$	1,032,439	$	(6,206)

Investing activities
Silver and gold interests	$	(1,900,620)	$	(180)
Interest paid - capitalized to silver interests		(138)		(215)
Dividend income received		57		17
Other		(19)		(20)
Cash applied to investing activities	$	(1,900,720)	$	(398)

Effect of exchange rate changes on cash and cash equivalents	$	(12)	$	81
(Decrease) increase in cash and cash equivalents	$	(702,681)	$	157,288
Cash and cash equivalents, beginning of period		778,216		840,201
Cash and cash equivalents, end of period	$	75,535	$	997,489



*Summary of Ounces Produced and Sold*

	2013	2012				2011
(in thousands)	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2
Silver ounces produced ¹
San Dimas ²	1,743	1,694	1,288	1,231	1,692	1,578	1,251	1,150
Yauliyacu	624	616	640	606	550	583	608	674
Peñasquito	1,093	1,445	1,940	1,822	1,365	1,633	1,162	1,282
Barrick ³	741	771	627	468	667	723	794	741
Other ⁴	2,054	2,345	2,251	2,378	2,335	2,212	2,046	1,981
	6,255	6,871	6,746	6,505	6,609	6,729	5,861	5,828
Silver equivalent ounces of gold produced ⁵
Minto	217	373	337	189	107	202	257	261
777	919	1,059	6126	-	-	-	-	-
Sudbury	393	-	-	-	-	-	-	-
Salobo	262	-	-	-	-	-	-	-
Silver equivalent ounces produced ⁵	8,046	8,303	7,695	6,694	6,716	6,931	6,118	6,089
Silver ounces sold
San Dimas ²	1,850	1,629	1,178	1,295	1,701	1,488	1,232	1,149
Yauliyacu	149	1,097	184	1,155	497	655	11	471
Peñasquito	1,459	1,642	1,304	1,845	1,189	851	1,382	961
Barrick ³	753	826	528	470	656	755	747	726
Other ⁴	1,741	2,153	1,592	2,024	1,885	2,029	1,424	1,544
	5,952	7,347	4,786	6,789	5,928	5,778	4,796	4,851
Silver equivalent ounces of gold sold ⁵
Minto	414	268	357	139	198	196	316	227
777	511	1,516	-	-	-	-	-	-
Sudbury	6	-	-	-	-	-	-	-
Salobo	40	-	-	-	-	-	-	-
Silver equivalent ounces sold ⁵	6,923	9,131	5,143	6,928	6,126	5,974	5,112	5,078
Gold / silver ratio ⁵	57.3	54.1	51.7	58.7	51.2	51.9	50.4	40.1
Cumulative payable silver equivalent ounces produced but not yet delivered ⁷	4,051	3,824	5,195	3,212	4,166	4,127	3,805	3,537

1)	Ounces produced represent the quantity of silver and gold contained in concentrate or doré prior to smelting or refining deductions. Production figures are based on information provided by the operators of the mining operations to which the silver or gold interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received. The Company has been informed by Glencore International AG that reported production related to the Yauliyacu mine may have been overstated by a total of approximately 200,000 ounces for all or some portion of the period between April 1, 2011 and June 30, 2012. The required adjustments to production, if any, related to the Yauliyacu mine for these periods will be made once management completes a review of the timing and amount of any production variance.
2)	The ounces produced and sold include ounces received from Goldcorp in connection with Goldcorp's four year commitment to deliver to Silver Wheaton 1.5 million ounces of silver per annum resulting from their sale of San Dimas to Primero.
3)	Comprised of the Lagunas Norte, Pierina and Veladero silver interests.
4)	Comprised of the Los Filos, Zinkgruvan, Mineral Park, Cozamin, Neves-Corvo, Stratoni, Keno Hill, Minto, 777, Aljustrel and Campo Morado silver interests.
5)	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 period 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.
6)	Represents production for the period August 8, 2012 to September 30, 2012.
7)	Based on management estimates.

Results of Operations (unaudited)

The Company currently has ten business segments: The silver produced by the San Dimas, Yauliyacu, Peñasquito, Barrick and Other mines, the gold produced by the Minto, 777, Sudbury and Salobo mines and corporate operations.

Three Months Ended March 31, 2013
		Ounces Produced²	Ounces Sold	Sales		Average Realized Price ($'s Per Ounce)		Average Cash Cost ($'s Per Ounce)³		Average Depletion ($'s Per Ounce)		Net Earnings		Cash Flow From Operations		Total Assets
Silver
	San Dimas ⁴	1,743	1,850	$	53,903	$	29.13	$	4.13	$	0.82	$	44,753	$	46,262	$	161,427
	Yauliyacu	624	149		4,759		31.94		4.08		5.75		3,295		4,151		214,439
	Peñasquito	1,093	1,459		43,574		29.87		4.02		2.66		33,834		37,709		483,397
	Barrick ⁵	741	753		23,625		31.37		3.90		2.54		18,776		24,592		596,621
	Other ⁶	2,054	1,741		52,037		29.90		4.15		4.07		37,738		45,692		447,675
		6,255	5,952	$	177,898	$	29.89	$	4.08	$	2.56	$	138,396	$	158,406	$	1,903,559
Gold
	Minto	3,502	6,698	$	11,159	$	1,666	$	304	$	171	$	7,979	$	8,734	$	29,443
	777	16,951	9,414		15,372		1,633		400		802		4,060		7,634		325,191
	Sudbury	7,097	111		179		1,609		400		823		44		134		1,330,022
	Salobo	4,677	720		1,153		1,602		400		463		531		865		623,776
		32,227	16,943	$	27,863	$	1,645	$	362	$	538	$	12,614	$	17,367	$	2,308,432
Silver equivalent ⁷		8,046	6,923	$	205,761	$	29.72	$	4.39	$	3.52	$	151,010	$	175,773	$	4,211,991
Corporate
	General and administrative											$	(9,893)
	Other												(7,696)
Total corporate												$	(17,589)	$	(10,161)	$	188,262
		8,046	6,923	$	205,761	$	29.72	$	4.39	$	3.52	$	133,421	$	165,612	$	4,400,253

1)	All figures in thousands except gold ounces produced and sold and per ounce amounts.
2)	Ounces produced represent the quantity of silver and gold contained in concentrate or doré prior to smelting or refining deductions. Production figures are based on information provided by the operators of the mining operations to which the silver or gold interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received.
3)	Refer to discussion on non-IFRS measure (ii) on page 20 of Silver Wheaton's Management Discussion and Analysis available on the Company's website at www.silverwheaton.com and posted on SEDAR at www.sedar.com.
4)	Results for San Dimas include 375,000 ounces received from Goldcorp in connection with Goldcorp's four year commitment to deliver to Silver Wheaton 1.5 million ounces of silver per annum resulting from their sale of San Dimas to Primero.
5)	Comprised of the operating Lagunas Norte, Pierina and Veladero silver interests in addition to the non-operating Pascua-Lama silver interest.
6)	Comprised of the operating Los Filos, Zinkgruvan, Keno Hill, Mineral Park, Cozamin, Neves-Corvo, Stratoni, Campo Morado, Minto, 777 and Aljustrel silver interests in addition to the non-operating Rosemont silver and gold interest and Loma de La Plata and Constancia silver interests.
7)	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 period 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.

Three Months Ended March 31, 2012
		Ounces Produced²	Ounces Sold	Sales		Average Realized Price ($'s Per Ounce)		Average Cash Cost ($'s Per Ounce)³		Average Depletion ($'s Per Ounce)		Net Earnings		Cash Flow From Operations		Total Assets
Silver
	San Dimas ⁴	1,692	1,701	$	55,566	$	32.66	$	4.09	$	0.79	$	47,267	$	48,606	$	166,188
	Yauliyacu	550	497		15,586		31.36		4.02		5.02		11,094		13,588		227,518
	Peñasquito	1,365	1,189		38,760		32.61		3.99		2.96		30,500		34,018		501,455
	Barrick ⁵	667	656		21,503		32.80		3.90		4.34		16,100		18,946		600,651
	Other ⁶	2,335	1,885		61,747		32.75		4.03		3.37		47,804		50,685		328,299
		6,609	5,928	$	193,162	$	32.58	$	4.02	$	2.79	$	152,765	$	165,843	$	1,824,111
Gold
	Minto	2,088	3,860		6,476		1,678		303		171		4,648		5,149		33,001
Silver equivalent ⁷		6,716	6,126	$	199,638	$	32.59	$	4.08	$	2.81	$	157,413	$	170,992	$	1,857,112
Corporate
	General and administrative											$	(7,564)
	Other												(2,668)
Total corporate												$	(10,232)	$	(7,181)	$	1,148,727
		6,716	6,126	$	199,638	$	32.59	$	4.08	$	2.81	$	147,181	$	163,811	$	3,005,839

1)		All figures in thousands except gold ounces produced and sold and per ounce amounts.
2)		Ounces produced represent the quantity of silver and gold contained in concentrate or doré prior to smelting or refining deductions. Production figures are based on information provided by the operators of the mining operations to which the silver or gold interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received.
3)		Refer to discussion on non-IFRS measure (ii) on page 20 of Silver Wheaton's Management Discussion and Analysis available on the Company's website at www.silverwheaton.com and posted on SEDAR at www.sedar.com.
4)		Results for San Dimas include 375,000 ounces received from Goldcorp in connection with Goldcorp's four year commitment to deliver to Silver Wheaton 1.5 million ounces of silver per annum resulting from their sale of San Dimas to Primero.
5)		Comprised of the operating Lagunas Norte, Pierina and Veladero silver interests in addition to the non-operating Pascua-Lama silver interest.
6)		Comprised of the operating Los Filos, Zinkgruvan, Keno Hill, Mineral Park, Cozamin, Neves-Corvo, Stratoni, Campo Morado, Minto and Aljustrel silver interests in addition to the non-operating Rosemont silver and gold interest and Loma de La Plata silver interest.
7)		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 period 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.

Non-IFRS Measures

Silver Wheaton has included, throughout this document, certain non-IFRS performance measures, including (i) operating cash flow per share (basic and diluted); (ii) average cash costs of silver and gold on a per ounce basis; and (iii) cash operating margin.

i.	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.
ii.	Average cash cost of silver and gold on a per ounce basis is calculated by dividing the total 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.
iii.	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.

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. For more detailed information, please refer to pages 19 to 21 of Silver Wheaton's Management Discussion and Analysis available on the Company's website at www.silverwheaton.com and posted on SEDAR at www.sedar.com.

Patrick Drouin
Vice President, Investor Relations
Silver Wheaton Corp.
Tel: 1-800-380-8687
Email: info@silverwheaton.com
Website: www.silverwheaton.com

Silver Wheaton to release 2013 first quarter results on May 10, 2013

Fri, 12 Apr 2013 16:06:00 -0400

TSX:SLW
NYSE:SLW

VANCOUVER, April 12, 2013 /CNW/ - Silver Wheaton Corp. (TSX:SLW) (NYSE:SLW) will release 2013 first quarter results on Friday, May 10, 2013, after market close.

A conference call will be held Monday, May 13, 2013, starting at 11:00 am (Eastern Time) to discuss these results. To participate in the live call please use one of the following methods:

Dial toll free from Canada or the US:			1-888-231-8191
Dial from outside Canada or the US:			1-647-427-7450
Pass code:			34709047
Live audio webcast:			www.silverwheaton.com

Participants should dial in five to ten minutes before the call.

The conference call will be recorded. You can listen to an archive of the call by one of the following methods:

Dial toll free from Canada or the US:			1-855-859-2056
Dial from outside Canada or the US:			1-416-849-0833
Pass code:			34709047
Archived audio webcast:			www.silverwheaton.com

Patrick Drouin
Vice President, Investor Relations
Silver Wheaton Corp.
Tel: 1-800-380-8687
Email: info@silverwheaton.com
Website: www.silverwheaton.com

Silver Wheaton provides details of Annual Meeting of Shareholders and files Form 40-F

Tue, 02 Apr 2013 17:00:00 -0400

TSX:SLW
NYSE:SLW

VANCOUVER, April 2, 2013 /CNW/ - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW) (NYSE:SLW) announces that its Form 40-F report has been filed with the Securities and Exchange Commission and is available on EDGAR. The Company's 2012 audited financial statements, along with its Form 40-F, are also available on the Company's website at www.silverwheaton.com.

Shareholders may also receive a copy of Silver Wheaton's audited financial statements, without charge, upon request to Silver Wheaton's Investor Relations Department, Suite 3150, 666 Burrard St., Vancouver, British Columbia, Canada V6C 2X8 or to info@silverwheaton.com.

Annual Meeting of Shareholders

Silver Wheaton will hold the Annual Meeting of Shareholders in the Mackenzie Ballroom of the Fairmont Waterfront Hotel, 900 Canada Place Way, Vancouver, British Columbia, Canada, on May 21, 2013, at 1:00 p.m. Pacific Time.

A live audio webcast of the Annual Meeting of Shareholders will be available at www.silverwheaton.com and will also be archived for later access.

About Silver Wheaton

Silver Wheaton is the largest precious metals streaming company in the world. Based upon its current agreements, forecast 2013 attributable production is approximately 33.5 million silver equivalent ounces¹, including 145 thousand ounces of gold. By 2017, annual attributable production is anticipated to increase significantly to approximately 53 million silver equivalent ounces¹, including 180 thousand ounces of gold. This growth is driven by the Company's portfolio of low-cost and long-life assets, including silver and precious metal streams on Barrick's Pascua-Lama project, Hudbay's Constancia project, and Vale's Salobo and Sudbury mines.

CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS

The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements with respect to the future price of silver and gold, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, reserve determination, reserve conversion rates and statements as to any future dividends. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Silver Wheaton to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: fluctuations in the price of silver and gold; the absence of control over mining operations from which Silver Wheaton purchases silver or gold and risks related to these mining operations including risks related to fluctuations in the price of the primary commodities mined at such operations, actual results of mining and exploration activities, economic and political risks of the jurisdictions in which the mining operations are located and changes in project parameters as plans continue to be refined; and differences in the interpretation or application of tax laws and regulations; as well as those factors discussed in the section entitled "Description of the Business - Risk Factors" in Silver Wheaton's Annual Information Form available on SEDAR at www.sedar.com and in Silver Wheaton's Form 40-F on file with the U.S. Securities and Exchange Commission in Washington, D.C. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued operation of the mining operations from which Silver Wheaton purchases silver or gold, no material adverse change in the market price of commodities, that the mining operations will operate and the mining projects will be completed in accordance with their public statements and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although Silver Wheaton has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking statements. Silver Wheaton does not undertake to update any forward-looking statements that are included or incorporated by reference herein, except in accordance with applicable securities laws.

__________________________
¹ Silver equivalent production forecast assumes a gold/silver ratio of 53.3:1

Patrick Drouin
Vice President, Investor Relations
Silver Wheaton Corp.
Tel: 1-800-380-8687
Email: info@silverwheaton.com
Website: www.silverwheaton.com

Silver Wheaton declares first quarterly dividend payment for 2013

Thu, 21 Mar 2013 18:52:00 -0400

TSX:SLW
NYSE:SLW

VANCOUVER, March 21, 2013 /CNW/ - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW) (NYSE:SLW) is pleased to announce that its Board of Directors has declared its first quarterly cash dividend payment for 2013 of US$0.14 per common share. The quarterly dividend will be paid to holders of record of its common shares as of the close of business on April 2, 2013, and will be distributed on or about April 12, 2013.

Under the Company's dividend policy, the quarterly dividend per common share is equal to 20% of the cash generated by operating activities in the previous quarter divided by the Company's outstanding common shares at the time the dividend is approved, all rounded to the nearest cent.

The declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors. This dividend qualifies as an 'eligible dividend' for Canadian income tax purposes.

About Silver Wheaton

Silver Wheaton is the largest precious metals streaming company in the world. Based upon its current agreements, forecast 2013 attributable production is approximately 33.5 million silver equivalent ounces¹, including 145 thousand ounces of gold. By 2017, annual attributable production is anticipated to increase significantly to approximately 53 million silver equivalent ounces¹, including 180 thousand ounces of gold. This growth is driven by the Company's portfolio of low-cost and long-life assets, including silver and precious metal streams on Barrick's Pascua-Lama project, Hudbay's Constancia project, and Vale's Salobo and Sudbury mines.

CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS

____________________________
¹ Silver equivalent production forecast assumes a gold/silver ratio of 53.3:1

Patrick Drouin
Vice President, Investor Relations
Silver Wheaton Corp.
Tel: 1-800-380-8687
Email: info@silverwheaton.com
Website: www.silverwheaton.com

Silver Wheaton reports record 2012 operating and financial results

Thu, 21 Mar 2013 18:49:00 -0400

TSX: SLW
NYSE: SLW

VANCOUVER, March 21, 2013 /CNW/ - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW) (NYSE:SLW) is pleased to announce its audited results for the fourth quarter and year ended December 31, 2012. All figures are presented in United States dollars unless otherwise noted.

FULL YEAR HIGHLIGHTS

Fourth consecutive year of record attributable silver equivalent production of 29.6 million ounces compared to 25.4 million ounces in 2011, representing an increase of 17%.
Record silver equivalent sales of 27.3 million ounces compared to 21.1 million ounces in 2011, representing an increase of 30%.
Record revenues of $849.6 million compared to $730.0 million in 2011, representing a 16% increase.
Record net earnings of $586.0 million ($1.66 per share) compared to $550.0 million ($1.56 per share) in 2011, representing a 7% increase.
Record operating cash flows of $719.4 million ($2.03 per share¹) compared to $626.4 million ($1.77 per share¹) in 2011, representing a 15% increase.
Cash operating margin¹ of $26.79 per silver equivalent ounce, compared to $30.56 in 2011, representing a 12% decrease.
Average cash costs¹ rose to $4.30 per silver equivalent ounce, compared to $4.09 in 2011, representing a 5% increase.
In August 2012, acquired from Hudbay Minerals Inc. ("Hudbay") a precious metals stream from its currently producing 777 mine ("777") and a silver stream from its cornerstone development project, Constancia.
During 2012, Silver Wheaton paid $123.9 million in dividends ($0.35 per share) compared to $63.6 million in 2011 ($0.18 per share), representing a 95% increase.

FOURTH QUARTER HIGHLIGHTS

Record attributable silver equivalent production of 8.5 million ounces compared to 6.9 million ounces in Q4 2011 and 7.7 million ounces in Q3 2012, representing an increase of 22% and 10%, respectively.
Record silver equivalent sales of 9.1 million ounces compared to 6.0 million ounces in Q4 2011 and 5.1 million ounces in Q3 2012, representing an increase of 53% and 78%, respectively.
Record revenues of $287.2 million compared to $191.9 million in Q4 2011, representing a 50% increase.
Record net earnings of $177.7 million ($0.50 per share) compared to $144.7 million ($0.41 per share) in Q4 2011, representing a 23% increase.
Record operating cash flows of $254.0 million ($0.72 per share¹) compared to $163.7 million ($0.46 per share¹) in Q4 2011, representing a 55% increase.
Cash operating margin¹ of $26.76 per silver equivalent ounce, compared to $28.06 in Q4 2011, representing a 5% decrease.
Average cash costs¹ rose to $4.70 per silver equivalent ounce, compared to $4.06 per silver equivalent ounce in Q4 2011, representing a 16% increase, driven primarily by higher costs associated with silver and gold from the Hudbay 777 mine ($5.90 and $400 per ounce of silver and gold, respectively).
Declared quarterly dividend of $0.14 per common share, representing 20% of the cash generated by operating activities during the three months ended December 31, 2012.

2013 OUTLOOK

Silver Wheaton anticipates a 13% year over year increase in its 2013 attributable production to approximately 33.5 million silver equivalent ounces, including 145 thousand ounces of gold.
In 2017, the Company forecasts 53 million ounces of silver equivalent production (including 180 thousand ounces of gold), which represents an increase of 79% from 2012.
The acquisition of the Salobo and Sudbury gold streams from Vale S.A. ("Vale") subsequent to December 31, 2012, is expected to double Silver Wheaton's attributable gold production over the next five years. Coupled with a full year of attributable production from Hudbay's 777 mine, acquired in August 2012, these cornerstone assets will drive the company's production growth in 2013.
As per the Company's news release dated March 19, 2013, attributable silver and gold reserves increased to 851.4 million ounces and 4.96 million ounces, respectively, as a result of organic and acquisition growth, inclusive of the acquisition of gold streams from Vale's Salobo and Sudbury mines. Based on reserve estimates as at December 31, 2012¹, following the Vale transaction, silver equivalent reserves attributable to Silver Wheaton have grown to 1.12 billion ounces².

___________________________

¹ Please refer to non-IFRS measures at the end of this press release.
²Silver equivalent reserves and resources assume a gold/silver ratio of 53.3:1.

"2012 was another exceptional year for Silver Wheaton, anchored by a fourth quarter that saw record production, sales, revenue, net income, and cash flow for the company," said Randy Smallwood , President and Chief Executive Officer of Silver Wheaton. "With the addition of production from Hudbay's 777 mine midway through the year, plus growing production from Peñasquito, San Dimas and Zinkgruvan, 2012 production exceeded our forecast by over one and a half million ounces."

"This translated into sales of over 27 million ounces, with the fourth quarter coming in at over nine million ounces, and full year cash flows of over $719 million. Given our dividend policy of paying out 20% of the trailing quarter's cash flow, Silver Wheaton's strong production growth profile directly translates into higher dividends, with $0.35 per common share paid during 2012, almost double what was paid in 2011, and our strong fourth quarter resulted in our first dividend in 2013 being $0.14 per share."

"With the recently announced acquisition of gold streams from Vale S.A.'s Salobo and Sudbury mines, we are confident that 2013 and beyond will bring further growth and many new records to Silver Wheaton. While our organic growth profile now forecasts roughly an 80% increase of silver equivalent production over the next five years, we firmly believe there are yet more accretive opportunities for us to further add to our world-class portfolio of precious metals streams."

Financial Review

Revenues

Revenue was $287.2 million in the fourth quarter of 2012, on silver equivalent sales of 9.1 million ounces (7.3 million ounces of silver and 33,000 ounces of gold). This represents a 50% increase from the $191.9 million of revenue generated in the fourth quarter of 2011, due primarily to a comparable increase in the number of ounces sold with relatively unchanged gold and silver prices.

Revenue was $849.6 million for the year ended December 31, 2012, on silver equivalent sales of 27.3 million ounces (24.8 million ounces of silver and 46,100 ounces of gold). This represents a 16% increase from the $730.0 million in revenue generated for the year ended December 31, 2011, due primarily to a 30% increase in the number of ounces sold and a 6% increase in the average realized gold price, which were partially offset by a 10% decrease in the average realized selling price of silver.

Costs and Expenses

Average cash costs¹ in the fourth quarter of 2012 were $4.70 per silver equivalent ounce, compared with $4.06 during the comparable period of 2011. This resulted in cash operating margins¹ of $26.76 per silver equivalent ounce, a 5% decrease compared with the fourth quarter of 2011. The slightly lower margins were primarily a result of the higher production payments associated with the precious metals stream on Hudbay's 777 mine ($5.90 and $400 per ounce of silver and gold, respectively).

Average cash costs¹ for the year ended December 31, 2012, were $4.30 per silver equivalent ounce, compared with $4.09 during the comparable period of 2011. This resulted in cash operating margins¹of $26.79 per silver equivalent ounce, a 12% decrease compared with the year ended December 31, 2011, resulting primarily due to a 10% decrease in the average realized silver price.

Earnings and Operating Cash Flows

Net earnings in the fourth quarter of 2012 were $177.7 million ($0.50 per share), compared with net earnings of $144.7 ($0.41 per share) for the same period in 2011, an increase of 23%. Cash flow from operations in the fourth quarter of 2012 was $254.0 million ($0.72 per share¹), compared with $163.7 million ($0.46 per share¹) for the same period in 2011, an increase of 55%. The increase in net earnings and operating cash flows is primarily attributable to the increase in the amount of gold and silver sold in the quarter.

Net earnings for the year ended December 31, 2012, were $586.0 million ($1.66 per share), compared with net earnings of $550.0 million ($1.56 per share) for the same period in 2011, an increase of 7%. Cash flow from operations for the year ended December 31, 2012, was $719.4 million ($2.03 per share¹) compared with $626.4 million ($1.77 per share¹) for the same period in 2011, an increase of 15%. The increase in net earnings and operating cash flow is primarily attributable to the increase in the amount of gold and silver sold, slightly offset by the decrease in the average realized silver price.

Balance Sheet

At December 31, 2012, the Company had approximately $778 million of cash on hand. Subsequent to the year end, Silver Wheaton announced the acquisition of two gold streams from Vale for a cash consideration of $1.90 billion (plus 10 million Silver Wheaton warrants with a strike price of $65 and a term of 10 years). As part of the funding for this transaction, Silver Wheaton entered into two new unsecured credit facilities, comprised of (1) a $1 billion revolving credit facility having a 5 year term (the "Revolving Facility"); and (2) a $1.5 billion bridge financing facility having a 1 year term (the "Bridge Facility"). The Revolving Facility and Bridge Facility replaced the $400 million Revolver Loan and the Term Loan, with the latter being repaid in full on February 22, 2013. The $778 million of cash and cash equivalents as at December 31, 2012 combined with the liquidity provided by the $2.5 billion of new credit facilities positions the Company well to fund all outstanding commitments as well as providing flexibility to acquire additional accretive precious metal stream interests.

Operational Highlights

Attributable silver equivalent production was a record 8.5 million ounces (7.0 million ounces of silver and 26,400 ounces of gold) in the fourth quarter of 2012, a 22% increase compared to the fourth quarter of 2011. In 2012, Silver Wheaton experienced its fourth year of record annual attributable production of 29.6 million silver equivalent ounces (26.9 million ounces of silver and 50,000 ounces of gold), a 17% increase compared to 2011.

_____________________________
¹ Please refer to non-IFRS measures at the end of this press release.

Operational highlights for the year ended December 31, 2012 are as follows:

Peñasquito - In 2012, the Peñasquito mine produced 6.6 million ounces of attributable silver, an increase of 24% over 2011. Though production was higher than 2011, an unprecedented regional drought resulted in water shortages causing mill throughput to average 100,000 tonnes per day in 2012, below the design capacity of 130,000 tonnes per day. As stated in Goldcorp Inc.'s ("Goldcorp") press release dated January 7, 2013, the Peñasquito mine continues to be impacted by the drought and as a result, throughput is expected to average 105,000 tonnes per day in 2013 as additional water wells are brought into production within the Cedros Basin in addition to new dewatering wells within the Chile Colorado pit. A water and tailings study to develop a comprehensive long-term water strategy for the Peñasquito district is underway and Goldcorp expects this study to be completed during the first half of 2013.

San Dimas - Attributable production from the San Dimas mine was 5.9 million ounces¹ in 2012, an increase of 6% over 2011. On October 15, 2012, Primero Mining Corp. ("Primero") announced a mine and mill expansion of San Dimas. Primero has elected a staged approach to the full expansion and has approved the expenditure of a total of $14.4 million to expand the San Dimas mine and mill from 2,000 tonnes per day currently to 2,500 tonnes per day. Construction of the mine and mill expansion began in October 2012, with an estimated completion during the first quarter of 2014. A further plant expansion to 3,000 tonnes per day continues to be assessed and is dependent on future exploration success by Primero.

Zinkgruvan - Attributable production in 2012 was a record 2.5 million ounces, an increase of 48% over 2011, due to high ore grades, good recoveries, and continued strong throughput levels. Production for 2013 is forecast to be 2.4 million ounces as more normalized grades are expected while throughput and recoveries are expected to remain strong.

Barrick & Pascua-Lama - Silver Wheaton's 2012 attributable production from the currently producing Barrick silver interests, consisting of Veladero, Lagunas Norte and Pierina mines, was 2.7 million ounces of silver.

As per Barrick's year-end 2012 MD&A, during the fourth quarter of 2012 Barrick finalized the cost estimate and schedule for its Pascua-Lama project. Initial production remains on track for the second half of 2014 and the total pre-production capital budget remained at $8.0 to $8.5 billion, of which $4.2 billion had been spent as of the end of 2012. At the end of 2012, construction was approximately 40% complete with the four kilometer long conveyance tunnel approximately 70% complete. Construction of the primary crusher in Chile commenced in January 2013, and, in Argentina, construction of the process plant facility advanced with approximately 60% of structural steel erected. Also noted in Barrick's 2012 MD&A, Barrick halted all pre-stripping activities during the fourth quarter as increased dust, exacerbated by stronger than normal winds, was observed in the open pit area. Regulatory authorities in Chile subsequently issued an order to suspend pre-stripping activities until strengthened dust mitigation and control measures could be implemented. To date, the suspension of pre-stripping has not altered Barrick's target of first production in the second half of 2014.

Until December 31, 2015, Silver Wheaton will be entitled to all or a portion of the silver production from Barrick's Veladero, Pierina and Lagunas Norte mines, to the extent Pascua-Lama is operating below 75% of design capacity. Once in production, Pascua-Lama is forecast to be one of the largest and lowest cost gold mines in the world with an expected mine life in excess of 25 years. In its first full five years of operation, Silver Wheaton's attributable silver production is expected to average nine million ounces annually.

Produced But Not Yet Delivered - Payable silver equivalent ounces produced but not yet delivered to Silver Wheaton by its partners decreased by 1.4 million ounces in the fourth quarter, resulting in a total of approximately 3.8 million payable ounces at December 31, 2012. This was primarily due to decreases in concentrate inventories at the 777, Yauliyacu, and Peñasquito mines.

_____________________________
¹ Production includes Goldcorp's four year commitment to deliver to Silver Wheaton 1.5 million ounces of silver per annum resulting from their sale of San Dimas to Primero.

Developments Subsequent to 2012 Year End

Salobo and Sudbury - In February 2013, Silver Wheaton announced a deal with Vale S.A. to acquire 25% of the life of mine gold production from the Salobo Mine in Brazil and 70% of the gold production from its Canadian Sudbury mines for a 20-year term. The Salobo mine, the largest copper deposit ever found in Brazil, began operating in 2012 at a capacity of 12 million tonnes per annum (mtpa) of mill throughput capacity. The mine is already undergoing an expansion to 24 mtpa and is expected to produce approximately 70 thousand ounces of gold annually for Silver Wheaton for the first ten years of full production. Sudbury is one of the largest nickel producing areas globally and has an operating history dating back to 1885. Vale's integrated operations in Sudbury are amongst the largest in the world and are expected to contribute 50 thousand ounces of gold annually on average over the next 20 years.

2013 and Long-Term Silver Equivalent Production Forecast

Based upon its current agreements -- including the gold streams from Vale's Salobo and Sudbury mines -- the Company forecasts 2013 attributable production of approximately 33.5 million silver equivalent ounces, including 145 thousand ounces of gold. This represents a 13% increase compared to 2012, which is primarily driven by a full year of production from Hudbay's 777 mine as well as the addition of gold production from Vale's Salobo and Sudbury mines.

By 2017, based upon its current agreements, annual attributable production is anticipated to increase by 79% to approximately 53 million silver equivalent ounces, including 180 thousand ounces of gold. The increase is the result of the anticipated ramp up of three new mines, including Barrick's Pascua-Lama project, Hudbay's Constancia project, and Augusta Resource's Rosemont project. The world-class Pascua-Lama project is forecast to commence production in mid-2014 and, in its first full five years of operation, will contribute approximately 9 million ounces of attributable silver production annually to Silver Wheaton.

Attributable mine-by-mine actual 2011 and 2012 production and forecast 2013 production are as follows:


		Attributable Production^{1, 2}
		2011 Actual	2012 Actual	2013 Forecast

Silver ounces produced (000's)
	Peñasquito³	5,284	6,572	5,800
	San Dimas⁴	5,585	5,905	6,500
	Barrick⁵	2,980	2,696	1,700
	Zinkgruvan	1,691	2,502	2,400
	Yauliyacu	2,548	2,412	2,500
	Cozamin	1,567	1,576	1,800
	Other⁶	4,902	5,231	5,100

		24,557	26,894	25,800

Gold ounces produced (000's)
	Minto	18.4	18.6	20
	777	-	31.4	70
	Sudbury and Salobo	-	-	55
		18.4	50.0	145

Silver equivalent ounces produced (000's)⁷		25,374	29,571	33,500

1)	Ounces produced represent quantity of silver and gold contained in concentrate or doré prior to smelting or refining deductions.
2)	Production figures are based on information provided by the operators of the mining operations to which the silver or gold interests relate or management estimates in those situations where other information is not available.
3)	Production at Peñasquito is lower in 2013 due to lower grades in the mine plan.
4)	Production includes Goldcorp's four year commitment to deliver to Silver Wheaton 1.5 million ounces of silver per annum resulting from their sale of San Dimas to Primero
5)	Comprised of the Lagunas Norte, Pierina and Veladero silver interests. Production in 2013 is lower due to forecasted lower grades at Lagunas Norte and Veladero, and declining production from Pierina as Barrick waits for approval to commence pushback.
6)	Includes the Los Filos, Mineral Park, Neves-Corvo, Stratoni, Keno Hill, Campo Morado, Minto, 777 and Aljustrel silver interests.
7)	Gold ounces produced are converted to a silver equivalent basis on the ratio of the average silver price received to the average gold price received during the period from the assets that produce both gold and silver. For the 2013 forecast, a silver price of $30 and gold price of $1,600 were used for the silver equivalent conversion.

Reserves and Resources

Silver Wheaton's attributable reserves and resources, as of December 31, 2012, can be found in the Company's news release dated March 19, 2013, and are available on the Company's website at www.silverwheaton.com and in its MD&A, also available on the Company's website and posted on SEDAR at www.sedar.com. Attributable reserves and resources are based on information available to the Company as of March 18, 2013.

This earnings release should be read in conjunction with Silver Wheaton's MD&A and audited Financial Statements, which are available on the Company's website at www.silverwheaton.com and have been posted on SEDAR at www.sedar.com.

Webcast and New Conference Call Details

A conference call will be held Friday, March 22, 2013, starting at 11:00 am (Eastern Time) to discuss these results. To participate in the live call please use one of the following methods:

Dial toll free from Canada or the US:	1-888-231-8191
Dial from outside Canada or the US:	1-647-427-7450
Pass code:	26000662
Live audio webcast:	www.silverwheaton.com

Participants should dial in five to ten minutes before the call.

The conference call will be recorded and you can listen to an archive of the call by one of the following methods:

Dial toll free from Canada or the US:	1-855-859-2056
Dial from outside Canada or the US:	1-416-849-0833
Pass code:	26000662
Archived audio webcast:	www.silverwheaton.com

ABOUT SILVER WHEATON

Silver Wheaton is the largest precious metals streaming company in the world. Based upon its current agreements, forecast 2013 attributable production is approximately 33.5 million silver equivalent ounces¹, including 145 thousand ounces of gold. By 2017, annual attributable production is anticipated to increase significantly to approximately 53 million silver equivalent ounces¹, including 180 thousand ounces of gold. This growth is driven by the Company's portfolio of low-cost and long-life assets, including silver and precious metal streams on Barrick's Pascua-Lama project, Hudbay's Constancia project, and Vale's Salobo and Sudbury mines.

CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS

CAUTIONARY LANGUAGE REGARDING RESERVES AND RESOURCES
For further information on Mineral Reserves and Mineral Resources and on Silver Wheaton more generally, readers should refer to Silver Wheaton's Annual Information Form for the year ended December 31, 2011, and other continuous disclosure documents filed by Silver Wheaton since January 1, 2012, available on SEDAR at www.sedar.com. Silver Wheaton's Mineral Reserves and Mineral Resources are subject to the qualifications and notes set forth therein. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Mineral Resources: The information contained herein uses the terms "Measured", "Indicated" and "Inferred" Mineral Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them and expressly prohibits U.S. registered companies from including such terms in their filings with the SEC. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves or that any exploration potential will ever be converted to any category of Mineral Reserves or Mineral Resources. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable. United States investors are urged to consider closely the disclosure in Silver Wheaton's Form 40-F, a copy of which may be obtained from Silver Wheaton or from http://www.sec.gov/edgar.shtml.

_____________________________
¹ Silver equivalent production forecast assumes a gold/silver ratio of 53.3:1.

Summarized Financial Results

			Years Ended December 31
			2012		2011		2010
Silver equivalent production ¹
	Attributable silver ounces produced (000's)		26,894		24,557		21,984
	Attributable gold ounces produced		50,039		18,436		28,795
	Attributable silver equivalent ounces produced (000's) ¹		29,571		25,374		23,758
Silver equivalent sales ¹
	Silver ounces sold (000's)		24,850		20,247		18,878
	Gold ounces sold		46,094		18,256		25,884
	Silver equivalent ounces sold (000's) ¹		27,328		21,069		20,483
Average realized price ($'s per ounce)
	Average realized silver price	$	31.03	$	34.60	$	20.75
	Average realized gold price	$	1,701	$	1,609	$	1,224
	Average realized silver equivalent price ¹	$	31.09	$	34.65	$	20.67
Average cash cost ($'s per ounce) ²
	Average silver cash cost	$	4.06	$	3.99	$	3.97
	Average gold cash cost	$	362	$	300	$	300
	Average silver equivalent cash cost ¹	$	4.30	$	4.09	$	4.04
Total revenue ($000's)		$	849,560	$	729,997	$	423,353
Net earnings ($000's)		$	586,036	$	550,028	$	153,381
Add back - loss on fair value adjustment of Canadian dollar share purchase warrants issued			-		-		133,210
Adjusted net earnings ² ($000's)		$	586,036	$	550,028	$	286,591
Earnings per share
	Basic	$	1.66	$	1.56	$	0.45
	Diluted	$	1.65	$	1.55	$	0.44
Adjusted earnings per share ²
	Basic	$	1.66	$	1.56	$	0.83
	Diluted	$	1.65	$	1.55	$	0.83
Cash flow from operations ($000's)		$	719,404	$	626,427	$	319,726
Dividends
	Dividends paid ($000's)	$	123,852	$	63,612	$	-
	Dividends paid per share	$	0.35	$	0.18	$	-
Total assets ($000's)		$	3,189,337	$	2,872,335	$	2,635,383
Total non-current financial liabilities ($000's)		$	23,555	$	50,424	$	200,966
Shareholders' equity ($000's)		$	3,107,074	$	2,654,217	$	2,261,949

1)	Gold ounces produced and sold are converted to a silver equivalent basis on the ratio of the average silver price received to the average gold price received during the period from the assets that produce both gold and silver.
2)	Refer to discussion on non-IFRS measures at the end of this press release.

Consolidated Statements of Earnings

		Years Ended December 31
(US dollars and shares in thousands, except per share amounts)		2012		2011
Sales		$	849,560	$	729,997
Cost of sales
	Cost of sales, excluding depletion	$	117,489	$	86,266
	Depletion		101,229		57,457
Total cost of sales		$	218,718	$	143,723
Earnings from operations		$	630,842	$	586,274
Expenses and other income
	General and administrative ¹	$	30,839	$	25,180
	Foreign exchange loss (gain)		29		(453)
	Other (income) expense		(817)		3,182
		$	30,051	$	27,909
Earnings before income taxes		$	600,791	$	558,365
Income tax expense			(14,755)		(8,337)
Net earnings		$	586,036	$	550,028

Basic earnings per share		$	1.66	$	1.56
Diluted earnings per share		$	1.65	$	1.55

Weighted average number of shares outstanding
	Basic		353,874		353,249
	Diluted		356,008		355,904
1) Equity settled stock based compensation (a non-cash item) included in general and administrative expenses.		$	6,420	$	6,329

Consolidated Statements of Comprehensive Income

		Years Ended December 31
(US dollars in thousands)		2012		2011
Net earnings		$	586,036	$	550,028
Other comprehensive income (loss)
	Loss on long-term investments - common shares held	$	(31,134)	$	(119,114)
	Deferred income tax recovery		2,479		10,699
Total other comprehensive loss		$	(28,655)	$	(108,415)
Total comprehensive income		$	557,381	$	441,613

Consolidated Balance Sheets

		December 31		December 31
(US dollars in thousands)		2012		2011
Assets
Current assets
	Cash and cash equivalents	$	778,216	$	840,201
	Accounts receivable		6,197		3,890
	Other		966		1,221
Total current assets		$	785,379	$	845,312
Non-current assets
	Silver and gold interests	$	2,281,234	$	1,871,726
	Long-term investments		121,377		151,621
	Deferred income taxes		-		2,301
	Other		1,347		1,375
Total non-current assets		$	2,403,958	$	2,027,023
Total assets		$	3,189,337	$	2,872,335
Liabilities
Current liabilities
	Accounts payable and accrued liabilities	$	20,898	$	8,345
	Current portion of bank debt		28,560		28,560
	Current portion of silver interest payments		-		130,789
Total current liabilities		$	49,458	$	167,694
Non-current liabilities
	Long-term portion of bank debt	$	21,500	$	50,060
	Deferred income taxes		9,250		-
	Performance share units		2,055		364
Total non-current liabilities		$	32,805	$	50,424
Total liabilities		$	82,263	$	218,118
Shareholders' equity
Issued capital		$	1,811,577	$	1,793,772
Reserves			(1,710)		25,422
Retained earnings			1,297,207		835,023
Total shareholders' equity		$	3,107,074	$	2,654,217
Total liabilities and shareholders' equity		$	3,189,337	$	2,872,335

Consolidated Statements of Cash Flows

		Years Ended December 31
(US dollars in thousands)		2012		2011
Operating activities
Net earnings		$	586,036	$	550,028
Adjustments for
	Depreciation and depletion		101,457		57,720
	Equity settled stock based compensation		6,420		6,329
	Cash settled stock based compensation		1,685		377
	Deferred income tax expense		14,031		7,575
	(Gain) loss on fair value adjustment of share purchase warrants held		(496)		3,118
	Investment income recognized in net earnings		(1,367)		(929)
	Other		(15)		(97)
Change in non-cash operating working capital			10,366		1,422
Operating cash flows before interest received		$	718,117	$	625,543
Interest received			1,287		884
Cash generated by operating activities		$	719,404	$	626,427

Financing activities
Bank debt repaid		$	(28,560)	$	(28,560)
Share purchase warrants exercised			1,878		99
Share purchase options exercised			11,030		7,839
Dividends paid			(123,852)		(63,612)
Cash applied to financing activities		$	(139,504)	$	(84,234)

Investing activities
Silver and gold interests		$	(640,718)	$	(140,063)
Silver and gold interests - interest paid			(671)		(1,260)
Acquisition of long-term investments			(395)		(13,674)
Proceeds on disposal of long-term investments			-		24,270
Dividend income received			80		45
Other			(192)		(54)
Cash applied to investing activities		$	(641,896)	$	(130,736)

Effect of exchange rate changes on cash and cash equivalents		$	11	$	108
(Decrease) increase in cash and cash equivalents		$	(61,985)	$	411,565
Cash and cash equivalents, beginning of year			840,201		428,636
Cash and cash equivalents, end of year		$	778,216	$	840,201



*Summary of Ounces Produced and Sold*

	2012				2011
(in thousands)	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1

Silver ounces produced ¹
San Dimas ²	1,694	1,288	1,231	1,692	1,578	1,251	1,150	1,606
Zinkgruvan	566	621	673	642	390	379	414	508
Yauliyacu	616	640	606	550	583	608	674	683
Peñasquito	1,445	1,940	1,822	1,365	1,633	1,162	1,282	1,207
Cozamin	372	370	429	405	433	395	414	325
Barrick ³	934	627	468	667	723	794	741	722
Other ⁴	1,407	1,260	1,276	1,288	1,389	1,272	1,153	1,088
	7,034	6,746	6,505	6,609	6,729	5,861	5,828	6,139
Silver equivalent ounces of gold produced ⁵
Minto	373	337	189	107	202	257	261	97
777	1,059	612⁶	-	-	-	-	-	-
Silver equivalent ounces produced ⁵	8,466	7,695	6,694	6,716	6,931	6,118	6,089	6,236
Silver ounces sold
San Dimas ²	1,629	1,178	1,295	1,701	1,488	1,232	1,149	1,748
Zinkgruvan	532	495	580	517	425	319	401	321
Yauliyacu	1,097	184	1,155	497	655	11	471	120
Peñasquito	1,642	1,304	1,845	1,189	851	1,382	961	941
Cozamin	406	301	395	376	374	335	281	271
Barrick ³	826	528	470	656	755	747	726	680
Other ⁴	1,215	796	1,049	992	1,230	770	862	741
	7,347	4,786	6,789	5,928	5,778	4,796	4,851	4,822
Silver equivalent ounces of gold sold ⁵
Minto	268	357	139	198	196	316	227	83
777	1,516	-	-	-	-	-	-	-
Silver equivalent ounces sold ⁵	9,131	5,143	6,928	6,126	5,974	5,112	5,078	4,905
Gold / silver ratio ⁵	54.1	51.7	58.7	51.2	51.9	50.4	40.1	33.0
Cumulative payable silver equivalent ounces produced but not yet delivered ⁷	3,824	5,195	3,212	4,166	4,127	3,805	3,537	3,018

1)		Ounces produced represent the quantity of silver and gold contained in concentrate or doré prior to smelting or refining deductions. Production figures are based on information provided by the operators of the mining operations to which the silver or gold interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received. The Company has been informed that reported production related to the Yauliyacu mine may have been overstated by a total of approximately 200,000 ounces for all or some portion of the period between April 1, 2011 and June 30, 2012. The required adjustments to production, if any, related to the Yauliyacu mine for these periods will be made once management completes a review of the timing and amount of any production variance.
2)		The ounces produced and sold include ounces received from Goldcorp in connection with Goldcorp's four year commitment to deliver to Silver Wheaton 1.5 million ounces of silver per annum resulting from their sale of San Dimas to Primero.
3)		Comprised of the Lagunas Norte, Pierina and Veladero silver interests.
4)		Comprised of the Los Filos, Mineral Park, Neves-Corvo, Stratoni, Keno Hill, Minto, 777, Aljustrel and Campo Morado silver interests.
5)		Gold ounces produced and sold are converted to a silver equivalent basis on the ratio of the average silver price received to the average gold price received during the period from the assets that produce both gold and silver.
6)		Represents production for the period August 8, 2012 to September 30, 2012.
7)		Based on management estimates.



*Results of Operations and Operational Review*

Three Months Ended December 31, 2012
		Ounces Produced²	Ounces Sold		Sales		Average Realized Price ($'s Per Ounce)		Average Cash Cost ($'s Per Ounce) ³		Average Depletion ($'s Per Ounce)		Net Earnings		Cash Flow From Operations		Total Assets
Silver
	San Dimas ⁴	1,694	1,629	$	52,080	$	31.97	$	4.13	$	0.79	$	44,059	$	45,351	$	162,936
	Zinkgruvan	566	532		16,485		30.99		4.15		1.68		13,387		16,668		54,075
	Yauliyacu	616	1,097		30,753		28.03		4.08		5.02		20,773		32,106		215,295
	Peñasquito	1,445	1,642		53,697		32.71		3.99		2.96		42,287		47,147		487,272
	Cozamin	372	406		13,109		32.25		4.12		4.05		9,790		11,873		19,135
	Barrick ⁵	934	826		26,920		32.59		3.90		4.34		20,112		23,561		597,736
	Other ⁶	1,407	1,215		38,182		31.43		4.43		6.29		25,167		33,296		381,467
		7,034	7,347	$	231,226	$	31.47	$	4.12	$	3.46	$	175,575	$	210,002	$	1,917,916
Gold
	Minto	6,785	4,876	$	8,247	$	1,691	$	303	$	171	$	5,937	$	8,052	$	30,586
	777	19,615	28,084		47,768		1,701		400		773		14,813		40,507		332,732
		26,400	32,960	$	56,015	$	1,699	$	386	$	684	$	20,750	$	48,559	$	363,318
Silver equivalent ⁷		8,466	9,131	$	287,241	$	31.46	$	4.70	$	5.25	$	196,325	$	258,561	$	2,281,234
Corporate
	General and administrative											$	(9,159)
	Other												(9,422)
Total corporate												$	(18,581)	$	(4,535)	$	908,103
		8,466	9,131	$	287,241	$	31.46	$	4.70	$	5.25	$	177,744	$	254,026	$	3,189,337

1)		All figures in thousands except gold ounces produced and sold and per ounce amounts.
2)		Ounces produced represent the quantity of silver and gold contained in concentrate or doré prior to smelting or refining deductions. Production figures are based on information provided by the operators of the mining operations to which the silver or gold interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received.
3)		Refer to discussion on non-IFRS measures at the end of this press release.
4)		Results for San Dimas include 375,000 ounces received from Goldcorp in connection with Goldcorp's four year commitment to deliver to Silver Wheaton 1.5 million ounces of silver per annum resulting from their sale of San Dimas to Primero.
5)		Comprised of the operating Lagunas Norte, Pierina and Veladero silver interests in addition to the non-operating Pascua-Lama silver interest.
6)		Comprised of the operating Los Filos, Keno Hill, Mineral Park, Neves-Corvo, Stratoni, Campo Morado, Minto, 777 and Aljustrel silver interests in addition to the non-operating Rosemont silver and gold interest and Loma de La Plata and Constancia silver interests.
7)		Gold ounces produced and sold are converted to a silver equivalent basis on the ratio of the average silver price received to the average gold price received during the period from the assets that produce both gold and silver.

Three Months Ended December 31, 2011
		Ounces Produced ²	Ounces Sold	Sales		Average Realized Price ($'s Per Ounce)		Average Cash Cost ($'s Per Ounce) ³		Average Depletion ($'s Per Ounce)		Net Earnings		Cash Flow From Operations		Total Assets
Silver
	San Dimas ⁴	1,578	1,488	$	44,641	$	30.00	$	4.09	$	0.71	$	37,494	$	38,551	$	167,527
	Zinkgruvan	390	425		13,537		31.87		4.10		1.69		11,077		14,061		57,639
	Yauliyacu	583	655		22,270		34.00		4.02		5.02		16,350		19,637		230,012
	Peñasquito	1,633	851		27,374		32.17		3.96		2.41		21,954		24,004		504,973
	Cozamin	433	374		12,786		34.18		4.08		4.62		9,531		10,260		25,115
	Barrick ⁵	723	755		24,673		32.67		3.90		3.60		19,008		21,728		601,085
	Other ⁶	1,389	1,230		40,120		32.63		3.94		4.22		30,089		36,301		251,716
		6,729	5,778	$	185,401	$	32.09	$	4.01	$	2.90	$	145,503	$	164,542	$	1,838,067
Gold
	Minto	3,891	3,777		6,466		1,712		301		169		4,689		6,314		33,659
Silver equivalent ⁷		6,931	5,974	$	191,867	$	32.12	$	4.06	$	2.91	$	150,192	$	170,856	$	1,871,726
Corporate
	General and administrative											$	(6,115)
	Other												670
Total corporate												$	(5,445)	$	(7,142)	$	1,000,609
		6,931	5,974	$	191,867	$	32.12	$	4.06	$	2.91	$	144,747	$	163,714	$	2,872,335

1)	All figures in thousands except gold ounces produced and sold and per ounce amounts.
2)	Ounces produced represent the quantity of silver and gold contained in concentrate or doré prior to smelting or refining deductions. Production figures are based on information provided by the operators of the mining operations to which the silver or gold interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received.
3)	Refer to discussion on non-IFRS measures at the end of this press release.
4)	Results for San Dimas include 375,000 ounces received from Goldcorp in connection with Goldcorp's four year commitment to deliver to Silver Wheaton 1.5 million ounces of silver per annum resulting from their sale of San Dimas to Primero.
5)	Comprised of the operating Lagunas Norte, Pierina and Veladero silver interests in addition to the non-operating Pascua-Lama silver interest.
6)	Comprised of the operating Los Filos, Keno Hill, Mineral Park, Neves-Corvo, Stratoni, Campo Morado, Minto and Aljustrel silver interests in addition to the non-operating Rosemont silver and gold interest and Loma de La Plata silver interest.
7)	Gold ounces produced and sold are converted to a silver equivalent basis on the ratio of the average silver price received to the average gold price received during the period from the assets that produce both gold and silver.

Year Ended December 31, 2012
		Ounces Produced ²	Ounces Sold	Sales		Average Realized Price ($'s Per Ounce)		Average Cash Cost ($'s Per Ounce) ³		Average Depletion ($'s Per Ounce)		Net Earnings		Cash Flow From Operations		Total Assets
Silver
	San Dimas ⁴	5,905	5,803	$	181,906	$	31.35	$	4.11	$	0.79	$	153,469	$	158,060	$	162,936
	Zinkgruvan	2,502	2,124		65,914		31.03		4.14		1.68		53,553		55,855		54,075
	Yauliyacu	2,412	2,933		86,185		29.38		4.07		5.02		59,531		80,077		215,295
	Peñasquito	6,572	5,980		186,085		31.12		3.99		2.96		144,524		162,225		487,272
	Cozamin	1,576	1,478		46,601		31.54		4.11		4.05		34,552		40,143		19,135
	Barrick ⁵	2,696	2,480		78,359		31.60		3.90		4.34		57,926		69,504		597,736
	Other ⁶	5,231	4,052		126,118		31.12		4.10		4.72		90,381		108,208		381,467
		26,894	24,850	$	771,168	$	31.03	$	4.06	$	3.08	$	593,936	$	674,072	$	1,917,916
Gold
	Minto	18,600	18,010	$	30,624	$	1,700	$	303	$	171	$	22,094	$	25,059	$	30,586
	777	31,439	28,084		47,768		1,701		400		773		14,812		40,507		332,732
		50,039	46,094	$	78,392	$	1,701	$	362	$	538	$	36,906	$	65,566	$	363,318
Silver equivalent ⁷		29,571	27,328	$	849,560	$	31.09	$	4.30	$	3.70	$	630,842	$	739,638	$	2,281,234
Corporate
	General and administrative											$	(30,839)
	Other												(13,967)
Total corporate												$	(44,806)	$	(20,234)	$	908,103
		29,571	27,328	$	849,560	$	31.09	$	4.30	$	3.70	$	586,036	$	719,404	$	3,189,337

1)	All figures in thousands except gold ounces produced and sold and per ounce amounts.
2)	Ounces produced represent the quantity of silver and gold contained in concentrate or doré prior to smelting or refining deductions. Production figures are based on information provided by the operators of the mining operations to which the silver or gold interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received.
3)	Refer to discussion on non-IFRS measures at the end of this press release.
4)	Results for San Dimas include 1.5 million ounces received from Goldcorp in connection with Goldcorp's four year commitment to deliver to Silver Wheaton 1.5 million ounces of silver per annum resulting from their sale of San Dimas to Primero.
5)	Comprised of the operating Lagunas Norte, Pierina and Veladero silver interests in addition to the non-operating Pascua-Lama silver interest.
6)	Comprised of the operating Los Filos, Keno Hill, Mineral Park, Neves-Corvo, Stratoni, Campo Morado, Minto, 777 and Aljustrel silver interests in addition to the non-operating Rosemont silver and gold interest and Loma de La Plata and Constancia silver interests.
7)	Gold ounces produced and sold are converted to a silver equivalent basis on the ratio of the average silver price received to the average gold price received during the period from the assets that produce both gold and silver.

Year Ended December 31, 2011
		Ounces Produced ²	Ounces Sold	Sales		Average Realized Price ($'s Per Ounce)		Average Cash Cost ($'s Per Ounce) ³		Average Depletion ($'s Per Ounce)		Net Earnings		Cash Flow From Operations		Total Assets
Silver
	San Dimas ⁴	5,585	5,617	$	188,377	$	33.54	$	4.06	$	0.71	$	161,554	$	164,453	$	167,527
	Zinkgruvan	1,691	1,466		52,974		36.14		4.08		1.69		44,503		49,377		57,639
	Yauliyacu	2,548	1,257		43,911		34.93		4.02		5.02		32,555		38,863		230,012
	Peñasquito	5,284	4,135		143,069		34.61		3.93		2.41		116,855		126,812		504,973
	Cozamin	1,567	1,261		43,990		34.85		4.07		4.62		33,018		40,586		25,115
	Barrick ⁵	2,980	2,908		102,454		35.23		3.90		3.58		80,692		89,554		601,085
	Other ⁶	4,902	3,603		125,854		34.93		3.94		4.27		96,298		112,414		251,716
		24,557	20,247	$	700,629	$	34.60	$	3.99	$	2.69	$	565,475	$	622,059	$	1,838,067
Gold
	Minto	18,436	18,256		29,368		1,609		300		169		20,799		24,240		33,659
Silver equivalent ⁷		25,374	21,069	$	729,997	$	34.65	$	4.09	$	2.73	$	586,274	$	646,299	$	1,871,726
Corporate
	General and administrative											$	(25,180)
	Other												(11,066)
Total corporate												$	(36,246)	$	(19,872)	$	1,000,609
		25,374	21,069	$	729,997	$	34.65	$	4.09	$	2.73	$	550,028	$	626,427	$	2,872,335

1)	All figures in thousands except gold ounces produced and sold and per ounce amounts.
2)	Ounces produced represent the quantity of silver and gold contained in concentrate or doré prior to smelting or refining deductions. Production figures are based on information provided by the operators of the mining operations to which the silver or gold interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received.
3)	Refer to discussion on non-IFRS measures at the end of this press release.
4)	Results for San Dimas include 1.5 million ounces received from Goldcorp in connection with Goldcorp's four year commitment to deliver to Silver Wheaton 1.5 million ounces of silver per annum resulting from their sale of San Dimas to Primero.
5)	Comprised of the operating Lagunas Norte, Pierina and Veladero silver interests in addition to the non-operating Pascua-Lama silver interest.
6)	Comprised of the operating Los Filos, Keno Hill, Mineral Park, Neves-Corvo, Stratoni, Campo Morado, Minto and Aljustrel silver interests in addition to the non-operating Rosemont silver and gold interest and Loma de La Plata silver interest.
7)	Gold ounces produced and sold are converted to a silver equivalent basis on the ratio of the average silver price received to the average gold price received during the period from the assets that produce both gold and silver.

Non-IFRS Measures

		i.		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.
		ii.		Average cash cost of silver and gold on a per ounce basis is calculated by dividing the total 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.
		iii.		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.
		iv.		Adjusted net earnings and adjusted net earnings per share are calculated by removing the effects of the non-cash, fair value adjustment on the Company's previously issued and outstanding share purchase warrants, which had an exercise price denominated in Canadian dollars, from net earnings of the Company. These share purchase warrants are classified as a financial liability with any fair value adjustments being reflected as a component of net earnings. This accounting treatment was applicable to the share purchase warrants which expired or were exercised prior to December 22, 2010. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, the Company and certain investors use this information to evaluate the Company's performance.

Patrick Drouin
Vice President, Investor Relations
Silver Wheaton Corp.
Tel: 1-800-380-8687
Email: info@silverwheaton.com
Website: www.silverwheaton.com

New details provided for March 22, 2013 conference call; Silver Wheaton to release 2012 fourth quarter and full year results on March 21, 2013

Tue, 19 Mar 2013 18:29:00 -0400

TSX:SLW
NYSE:SLW

VANCOUVER, March 19, 2013 /CNW/ - Silver Wheaton Corp. (TSX:SLW) (NYSE:SLW) will release 2012 full year results on Thursday, March 21, 2013, after market close.

A conference call will be held Friday, March 22, 2013, starting at 11:00 am (Eastern Time) to discuss these results. Please note that the phone numbers and pass codes for this call have been updated. To participate in the live call, please now use one of the following methods:

Dial toll free from Canada or the US:	1-888-231-8191
Dial from outside Canada or the US:	1-647-427-7450
Pass code:	26000662
Live audio webcast:	www.silverwheaton.com

Participants should dial in five to ten minutes before the call.

The conference call will be recorded and you can listen to an archive of the call by one of the following methods:

Dial toll free from Canada or the US:	1-855-859-2056
Dial from outside Canada or the US:	1-416-849-0833
Pass code:	26000662
Archived audio webcast:	www.silverwheaton.com

Patrick Drouin
Vice President, Investor Relations
Silver Wheaton Corp.
Tel: 1-800-380-8687
Email: info@silverwheaton.com
Website: www.silverwheaton.com

Silver Wheaton reports over 1 billion ounces of attributable silver equivalent reserves

Tue, 19 Mar 2013 17:01:00 -0400

TSX: SLW
NYSE: SLW

VANCOUVER, March 19, 2013 /CNW/ - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW) (NYSE:SLW) is pleased to announce that attributable proven and probable reserves increased by over 38% in 2012¹ to a record total of 1,116.1 million silver equivalent ounces², consisting of 851.4 million ounces of silver and 4.96 million ounces of gold. Over the same period, attributable measured and indicated resources increased 28% to a record total of 603.2 million silver equivalent ounces, consisting of 529.1 million ounces of silver and 1.39 million ounces of gold. Attributable inferred resources totaled 341.4 million silver equivalent ounces, consisting of 294.7 million ounces of silver and 0.88 million ounces of gold.

Silver Wheaton's increase in attributable reserves was a result of both acquisition and organic growth, which, when combined, more than offset depletion resulting from strong production over the year. In 2012, the Company acquired from Hudbay Minerals Inc. ("Hudbay") a precious metals stream from its 777 mine and a silver stream from its Constancia project. Subsequent to 2012 year end, Silver Wheaton also acquired 25% of the gold from Vale S.A.'s ("Vale") Salobo mine for the life of mine and 70% of the gold from certain of its Sudbury operations for a 20-year period, with both these agreements effective as of January 1, 2013. In addition to these acquisitions, there was a substantial increase in reserves and resources at Augusta Resource Corp's ("Augusta") Rosemont mine based on an updated feasibility study released on July 24, 2012.

"Silver Wheaton has now reached yet another milestone with silver equivalent reserves exceeding well over one billion ounces," said Randy Smallwood, Silver Wheaton's President and Chief Executive Officer. "Silver equivalent reserves have grown by over 38% since the end of 2011 through both acquisition and organic growth, even after another year of strong production. On the acquisition front, we were able to add two new partners over the past year, which resulted in a significant increase to our gold reserves and resources. We now have almost five million ounces of gold reserves, over twenty times more than we had at the end of 2011. On the organic front, we saw substantial replacement of mined reserves in 2012 through our partners' exploration success. This once again highlights the strength of our partners and the high-quality, long-term nature of the mines underlying our streams."

"We are extremely pleased with the reserve and resource growth we have seen over the past year, and we continue to be excited about the prospect of adding additional high-quality ounces to our portfolio in 2013 given the strength and depth of the current opportunity pipeline. The foundation of any strong mining company is the quality of its mineral reserves and resources, and Silver Wheaton has one of the strongest and most active portfolios in the entire precious metals sphere."

---------------------------------------------------
¹ Includes reserves and resources from Vale's Sudbury and Salobo mines which were added subsequent to year end 2012 but which had production attributed to Silver Wheaton as of January 1, 2013.
² Silver equivalent reserves and resources assumes a gold/silver ratio of 53.3:1.

Salobo 43-101 Technical Report Filed

Silver Wheaton has filed a National Instrument 43-101 ("NI 43-101") compliant technical report in support of the Company's February 5, 2013, news release which included a reserve and resource estimate at Vale's Salobo Mine located in Brazil. The independent technical report, entitled "Silver Wheaton Corp. Technical Report on the Mineral Reserves and Mineral Resources of the Salobo Copper-Gold Mine, Carajas, Pará State,Brazil" (the "Technical Report") and dated March 19, 2013, was prepared by Micon International Ltd. and authored by Jason Ché Osmond, C.Geol, FGS, EurGeol, Barnard Foo, P.Eng., James Turner, CEng, MIMMM, and Christopher Jacobs, CEng MIMMM, all Qualified Persons as defined by NI 43-101, and independent of Silver Wheaton for the purposes of NI 43-101 requirements. The Technical Report is available on SEDAR at www.sedar.com and on the Company's website at www.silverwheaton.com.

The Technical Report details the December 31, 2012 resources and reserves for Salobo whereas the Company's February 5, 2013, press release detailed the December 31, 2011 resources and reserves. The 2011 Salobo resources and reserves were entirely contained within a reserve pit and did not include measured and indicated resources. Attributable proven and probable reserves are now estimated at 3.40 million ounces of gold versus 3.80 million ounces of gold as reported at year end 2011 (February 5, 2013 press release), due to changed estimation parameters in the block model and material mined during 2012. Attributable measured and indicated resources exclusive of reserves are now 0.77 million ounces of gold. Attributable inferred resources are now 0.37 million ounces of gold versus 0.13 million ounces of gold as originally reported.

The tables below set forth the estimated mineral reserves and mineral resources for the mines relating to which the Company has purchase agreements, adjusted where applicable to reflect the Company's percentage entitlement to silver and/or gold produced from such mines, as of December 31, 2012, unless otherwise noted. The tables are based on information available to the Company as of the date of this press release. The most current Mineral Reserves and Mineral Resources will be available on the Company's website.

ATTRIBUTABLE PROVEN AND PROBABLE RESERVES (1,2,3,8,15,16)
AS OF DECEMBER 31, 2012 UNLESS OTHERWISE NOTED (6)


As of December 31, 2012 unless otherwise noted⁽⁶⁾	Proven			Probable			Proven & Probable

	Tonnage	Grade	Contained	Tonnage	Grade	Contained	Tonnage	Grade	Contained	Process Recovery⁽⁷⁾
	Mt	g/t	Moz	Mt	g/t	Moz	Mt	g/t	Moz	%
SILVER
Peñasquito (25%)⁽¹⁴⁾
Mill	144.5	29.4	136.4	121.2	20.8	80.9	265.7	25.5	217.4	53-65%
Heap Leach	8.1	14.6	3.8	21.9	9.7	6.8	29.9	11.0	10.6	24%
San Dimas^{(10, 14)}	-	-	-	3.8	289.5	35.2	3.8	289.5	35.2	94%
Pascua-Lama (25%)⁽¹⁴⁾	9.9	59.5	18.9	86.3	54.1	150.2	96.2	54.7	169.1	82%
Lagunas Norte⁽¹¹⁾	3.4	3.2	0.4	38.6	3.2	4.0	42.1	3.2	4.3	22%
Pierina⁽¹¹⁾	2.8	9.0	0.8	20.6	9.0	6.0	23.3	9.0	6.8	37%
Veladero⁽¹¹⁾	4.7	10.6	1.6	62.4	10.6	21.2	67.1	10.6	22.8	6%
Yauliyacu^{(11, 12)}	1.1	96.0	3.3	2.9	100.0	9.4	4.0	98.9	12.7	85%
777^{(13, 14)}	4.9	26.8	4.2	7.5	27.9	6.7	12.4	27.4	10.9	64%
Neves-Corvo

Copper	6.1	40.0	7.8	18.0	40.0	23.2	24.1	40.0	31.0	35%
Zinc	11.5	72.0	26.7	11.2	67.0	24.0	22.7	69.5	50.7	20%
Rosemont⁽¹⁵⁾	279.5	4.1	37.0	325.8	4.1	43.1	605.3	4.1	80.1	80%
Constancia	359.0	3.3	38.3	91.0	3.6	10.6	450.0	3.4	48.8	72%
Mineral Park⁽¹⁵⁾	293.9	2.7	25.7	74.5	2.9	7.0	368.4	2.8	32.6	49%
Zinkgruvan
Zinc	8.4	95.0	25.8	2.4	54.0	4.2	10.9	85.9	30.0	70%
Copper	3.9	32.0	4.0	0.1	34.0	0.1	4.0	32.0	4.1	78%
Aljustrel

Copper	2.2	19.2	1.3	8.4	15.3	4.1	10.6	16.1	5.5	30%
Campo Morado (75%)	0.8	158.2	4.0	0.2	133.3	0.6	0.9	154.3	4.7	55%
Stratoni	1.7	174.0	9.3	0.1	225.0	0.7	1.8	177.0	10.0	84%
Minto	5.5	5.4	1.0	5.9	4.6	0.9	11.4	5.0	1.8	78%
Cozamin⁽¹¹⁾
Copper	0.9	63.0	1.7	4.9	50.7	8.0	5.8	52.5	9.8	74%
Los Filos	72.6	5.3	12.3	224.1	5.6	40.2	296.7	5.5	52.5	5%
TOTAL SILVER			364.2			487.1			851.4
GOLD
Salobo (25%)⁽¹⁶⁾	159.2	0.42	2.15	121.5	0.32	1.25	280.6	0.38	3.40	66%
Sudbury (70%)⁽¹¹⁾	34.8	0.29	0.33	26.5	0.49	0.42	61.3	0.38	0.75	81%
777 ^{(13, 14)}	3.9	1.90	0.24	5.9	1.90	0.36	9.8	1.90	0.60	73%
Minto	5.5	0.69	0.12	5.9	0.51	0.10	11.4	0.60	0.22	74%
TOTAL GOLD			2.91			2.20			4.96

ATTRIBUTABLE MEASURED & INDICATED RESOURCES ^{(1,2,3,4,5,9,15,16)}
AS OF DECEMBER 31, 2012 UNLESS OTHERWISE NOTED ⁽⁶⁾


As of December 31, 2012 unless otherwise noted⁽⁶⁾	Measured			Indicated			Measured & Indicated
	Tonnage	Grade	Contained	Tonnage	Grade	Contained	Tonnage	Grade	Contained
	Mt	g/t	Moz	Mt	g/t	Moz	Mt	g/t	Moz
SILVER
Peñasquito (25%)⁽¹⁴⁾
Mill	31.4	14.4	14.6	112.9	13.1	47.6	144.2	13.4	62.2

Heap Leach	0.9	5.0	0.1	5.4	4.2	0.7	6.4	4.3	0.9
Pascua-Lama (25%)⁽¹⁴⁾	5.3	24.5	4.2	55.9	23.4	42.1	61.2	23.5	46.3
Yauliyacu^{(11, 12)}	0.7	115.6	2.5	5.1	227.1	37.2	5.8	214.2	39.7
Neves-Corvo
Copper	4.1	49.3	6.4	23.1	50.7	37.6	27.1	50.5	44.1
Zinc	13.0	59.7	25.0	51.6	55.4	92.0	64.6	56.3	117.0
Rosemont⁽¹⁵⁾	38.5	3.0	3.7	197.7	2.7	17.1	236.2	2.7	20.8
Constancia	119.0	2.3	8.6	344.0	2.0	21.9	463.0	2.1	30.5
Mineral Park⁽¹⁵⁾	101.0	2.6	8.4	175.6	2.7	15.2	276.6	2.7	23.6
Zinkgruvan
Zinc	1.0	88.8	2.7	3.7	124.6	14.7	4.6	117.2	17.4
Copper	1.5	21.2	1.0	0.5	33.8	0.6	2.0	24.3	1.6
Aljustrel
Zinc	1.3	65.6	2.7	20.5	60.3	39.7	21.8	60.7	42.4
Copper	-	-	-	0.1	11.7	0.04	0.1	11.7	0.04
Campo Morado (75%)	5.0	128.9	20.6	2.4	123.5	9.7	7.4	127.1	30.2
Loma de La Plata (12.5%)	-	-	-	3.6	169.0	19.8	3.6	169.0	19.8
Minto	9.4	3.9	1.2	27.2	3.2	2.8	36.5	3.3	3.9
Keno Hill (25%)
Underground	-	-	-	0.6	506.0	10.4	0.6	506.0	10.4
Elsa Tailings	-	-	-	0.6	119.0	2.4	0.6	119.0	2.4
Los Filos	9.6	8.5	2.6	61.4	6.8	13.4	71.0	7.0	16.0
TOTAL SILVER			104.3			424.8			529.1
GOLD
Salobo (25%)⁽¹⁶⁾	12.3	0.47	0.19	48.8	0.37	0.58	61.1	0.39	0.77
Sudbury (70%)⁽¹¹⁾	-	-	-	23.3	0.33	0.25	23.3	0.33	0.25
Minto	9.4	0.44	0.13	27.2	0.28	0.24	36.5	0.32	0.38
TOTAL GOLD			0.32			1.07			1.39

ATTRIBUTABLE INFERRED RESOURCES ^{(1,2,3,4,5,9,15,16)}
AS OF DECEMBER 31, 2012 UNLESS OTHERWISE NOTED ⁽⁶⁾


As of December 31, 2012 unless otherwise noted⁽⁶⁾	Inferred
	Tonnage	Grade	Contained
	Mt	g/t	Moz
SILVER
Peñasquito (25%)⁽¹⁴⁾
Mill	31.7	9.1	9.3
Heap Leach	12.7	1.6	0.7
San Dimas^(10,14)	6.9	300.4	66.3
Pascua-Lama (25%)⁽¹⁴⁾	8.1	15.5	4.0
Yauliyacu^{(11, 12)}	-	-	-
777^{(13, 14)}	1.2	39.2	1.5
Neves-Corvo
Copper	25.4	47.2	38.6
Zinc	22.1	51.0	36.2
Rosemont⁽¹⁵⁾	104.5	3.3	11.1
Constancia	223.0	1.9	13.4
Mineral Park⁽¹⁵⁾	320.1	2.3	23.9
Zinkgruvan
Zinc	4.6	78.0	11.4
Copper	0.6	31.0	0.6
Aljustrel
Zinc	8.7	50.4	14.0
Copper	4.7	16.0	2.4
Campo Morado (75%)	1.7	128.9	7.1
Stratoni	0.7	217.0	4.7
Loma de La Plata (12.5%)	0.2	76.0	0.4
Minto	8.5	2.9	0.8
Keno Hill (25%)
Underground	0.2	340.8	1.9
Los Filos	239.2	6.0	46.5
TOTAL SILVER			294.7
GOLD
Salobo (25%)⁽¹⁶⁾	37.0	0.31	0.37
Sudbury (70%)⁽¹¹⁾	18.9	0.67	0.40
777 ^{(13, 14)}	0.59	1.96	0.04
Minto	8.5	0.24	0.07
TOTAL GOLD			0.88

Notes

1.	All Mineral Reserves and Mineral Resources have been calculated in accordance with the CIM Standards and NI 43-101, or the AusIMM JORC equivalent.
2.	Mineral Reserves and Mineral Resources are reported above in millions of metric tonnes ("Mt"), grams per metric tonne ("g/t") and millions of ounces ("Moz").
3.	Individual qualified persons ("QPs"), as defined by the NI 43-101, for the technical information contained in this document (including the Mineral Reserve and Mineral Resource estimates) for the following operations are as follows:
	a.	Salobo - Christopher Jacobs, CEng MIMMM (Vice President and Mining Economist), James Turner, BSc (Hons) MSc CEng MIMMM (Senior Mineral Process Engineer), Barnard Foo, P.Eng., MBA (Senior Mining Engineer) and Jason Ché Osmond (Senior Geologist) all of whom are employees of Micon International Ltd.
	b.	All other operations and development projects: the Company's QPs Neil Burns, M.Sc., P.Geo. (Vice President, Technical Services); Samuel Mah, M.A.Sc., P.Eng. (Senior Director, Project Evaluations), both employees of the Company (the "Company's QPs").
4.	The Mineral Resources reported in the above tables are exclusive of Mineral Reserves. The Minto, Campo Morado, Neves-Corvo, Zinkgruvan and Aljustrel mines report Mineral Resources inclusive of Mineral Reserves. The Company's QPs have made the exclusive Mineral Resource estimates for these mines based on average mine recoveries and dilution.
5.	Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.
6.	Other than as detailed below, Mineral Reserves and Mineral Resources are reported as of December 31, 2012 based on information available to the Company as of the date of this document, and therefore will not reflect updates, if any, after such date.
	a.	Resources and Reserves for 777, Sudbury, Cozamin and Minto are reported as of December 31, 2011.
	b.	Resources and Reserves for San Dimas, Neves-Corvo and Zinkgruvan are reported as of June 30, 2012.
	c.	Resources and Reserves for Rosemont are reported as of August 28, 2012.
	d.	Resources for the Constancia and Pampacancha deposits are reported as of August 23, 2011 and April 2, 2012, respectively. Reserves for both Constancia and Pampacancha deposits are reported as of August 8, 2012.
	e.	Resources for Mineral Park are reported as of December 29, 2006 and Reserves as of December 31, 2011.
	f.	Resources and Reserves for Aljustrel's Feitais and Moinho deposits are reported as of November 30, 2010, Resources for the Estaçao deposit are reported as of December 31, 2007.
	g.	Resources for Campo Morado's El Rey, Naranjo and Reforma deposits are reported as of October 13, 2005.
	h.	Resources and Reserves for Stratoni are reported as of August 10, 2010.
	i.	Resources for Keno Hill's Elsa Tailings are reported as of April 22, 2010, Lucky Queen and Onek deposits as of July 27, 2011, Bermingham as of June 27, 2012 and Flame and Moth as of January 30, 2013.
	j.	Resources for Loma de La Plata are reported as of May 20, 2009.
7.	Process recoveries are the average percentage of silver or gold in a saleable product (doré or concentrate) recovered from mined ore at the applicable site process plants as reported by the operators.
8.	Mineral Reserves are estimated using appropriate process recovery rates and the following commodity prices:
	a.	Penasquito and Los Filos -$24.00 per ounce silver.
	b.	San Dimas, Rosemont and Cozamin - $20.00 per ounce silver.
	c.	Pascua-Lama - $22.00 per ounce silver.
	d.	Lagunas Norte, Veladero, Pierina - $28.00 per ounce silver.
	e.	Yauliyacu - $30.00 per ounce silver.
	f.	777 - $22.00 per ounce silver and $1,100 per ounce gold.
	g.	Neves-Corvo - 1.4% Cu cut-off for the copper Reserve and 5.0% Zn cut-off for all the zinc Reserves except for Lombador which was reported above a cut-off of 6.0% Zn.
	h.	Constancia - $23.00 per ounce silver.
	i.	Mineral Park - $7.50 per ounce silver.
	j.	Zinkgruvan - 3.7% Zn equivalent cut-off for the zinc Reserve and 1.8% Cu cut-off for the copper Reserve.
	k.	Aljustrel - 1.5% Cu cut-off for all copper Reserves, 4.5% Zn cut-off for all zinc Reserves.
	l.	Campo Morado - $18.92 per ounce silver.
	m.	Stratoni - $15.00 per ounce silver.
	n.	Minto - $3.90 per ounce silver and $300 per ounce gold.
	o.	Salobo - $1,150 per ounce gold.
	p.	Sudbury - $975 per ounce gold.
9.	Mineral Resources are estimated using appropriate recovery rates and the following commodity prices:
	a.	Penasquito and Los Filos - $27.00 per ounce silver.
	b.	San Dimas - $25.00 per ounce silver.
	c.	Pascua-Lama, Lagunas Norte, Veladero and Pierina - $28.00 per ounce silver.
	d.	Yauliyacu - $30.00 per ounce silver.
	e.	777 - $25.00 per ounce silver and $1,250 per ounce gold.
	f.	Neves-Corvo - 1.0% Cu cut-off for the copper Resource and 3.0% Zn cut-off for the zinc Resource.
	g.	Rosemont and Cozamin - $20.00 per ounce silver.
	h.	Constancia - $22.00 per ounce silver.
	i.	Mineral Park - $7.50 per ounce silver.
	j.	Zinkgruvan - 3.1% Zn equivalent cut-off for the zinc Resource and 1.5% Cu cut-off for the copper Resource.
	k.	Aljustrel - 1.5% Cu cut-off for all copper Resources, 4.5% Zn cut-off for Feitais and Moinho zinc Resources and 4.0% for Estação zinc Resources.
	l.	Campo Morado - $18.92 per ounce silver for the G-9 zones and 5% Zn cut-off for the El Rey, Naranjo and Reforma deposits.
	m.	Stratoni - $15.00 per ounce silver.
	n.	Minto - 0.5% Cu cut-off.
	o.	Loma de La Plata - $12.50 per ounce silver.
	p.	Keno Hill - $15.25 per ounce silver for the Southwest and 99 Zones, $14.50 per ounce silver for the East Zone, $17.00 per ounce silver for the Elsa Tailings, $18.50 per ounce silver for the Lucky Queen and Onek deposits, $23.00 per ounce silver for Bermingham and $24.00 per ounce silver for Flame and Moth.
	q.	Salobo - $1,150 per ounce gold.
	r.	Sudbury - $975 per ounce gold.
10.	The San Dimas silver purchase agreement provides that from August 6, 2010 until August 5, 2014, Primero Mining Corp. ("Primero") will deliver to the Company a per annum amount equal to the first 3.5 million ounces of payable silver produced at San Dimas and 50% of any excess, plus the Company will receive an additional 1.5 million ounces of silver per annum to be delivered by Goldcorp Inc. ("Goldcorp"). Beginning August 6, 2014, Primero will deliver to the Company a per annum amount equal to the first 6.0 million ounces of payable silver produced at San Dimas and 50% of any excess, for the life of the mine.
11.	The Company's attributable Resources and Reserves for Pierina, Lagunas Norte, Veladero, Cozamin and Yauliyacu silver interests in addition to the Sudbury and 777 gold interests have been constrained to the production expected for the various contracts.
12.	The Company's Yauliyacu silver purchase agreement (March 2006) with Glencore International AG provides for the delivery of up to 4.75 million ounces of silver per year for 20 years. In the event that silver sold and delivered to Silver Wheaton in any year totals less than 4.75 million ounces, the amount sold and delivered to Silver Wheaton in subsequent years will be increased to make up for any cumulative shortfall, to the extent production permits. Depending upon production levels it is possible that the Company's current attributable tonnage may not be mined before the agreement expires.
13.	The 777 purchase agreement provides that Hudbay Minerals Inc. ("Hudbay") will deliver 100% of the payable silver for the life of the mine and 100% of the payable gold until completion of the Constancia project, after which the gold stream will reduce to 50%. The gold figures in this table represent the attributable Resources and Reserves constrained to the production expected for the 777 contract.
14.	In reliance upon Section 9.2 of NI 43-101, all technical information in this document regarding Penasquito, San Dimas, Pascua-Lama and 777 was sourced by the Company from the following SEDAR (www.sedar.com) filed documents:
	a. Penasquito - Goldcorp Annual Information Form filed on March 1, 2013;
	b. San Dimas - Primero MD&A filed on February 21, 2013;
	c. Pascua-Lama - Barrick Gold Corp. Fourth Quarter and Year-end Report -2012 filed on February 14, 2013; and
	d. 777 - Hudbay Annual Information Form filed on March 30, 2012.
	The Company QP's have approved the disclosure in this document in reliance on such documents.
15.	The Mineral Park and Rosemont Resources and Reserves do not include the SX/EW leach material since this process does not recover silver.
16.	The Company has filed a technical report for Salobo, which is available on SEDAR.
17.	Silver and gold are produced as by-product metal at all operations with the exception of silver at the Keno Hill mine and Loma de La Plata project; therefore, the economic cut-off applied to the reporting of silver and gold Resources and Reserves will be influenced by changes in the commodity prices of other metals at the time.

Mr. Neil Burns, Vice President of Technical Services, is a "qualified person" as such term is defined under National Instrument 43-101, and has reviewed and approved the contents of this news release.

About Silver Wheaton

Silver Wheaton is the largest precious metals streaming company in the world. Based upon its current agreements, forecast 2013 attributable production is approximately 33.5 million silver equivalent ounces³, including 145 thousand ounces of gold. By 2017, annual attributable production is anticipated to increase significantly to approximately 53 million silver equivalent ounces³, including 180 thousand ounces of gold. This growth is driven by the Company's portfolio of low-cost and long-life assets, including silver and precious metal streams on Barrick's Pascua-Lama project, Hudbay's Constancia project, and Vale's Salobo and Sudbury mines.

CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS

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³ Silver equivalent production forecast assumes a gold/silver ratio of 53.3:1

Patrick Drouin
Vice President, Investor Relations
Silver Wheaton Corp.
Tel: 1-800-380-8687
Email: info@silverwheaton.com
Website: www.silverwheaton.com

Silver Wheaton completes definitive agreement with Vale S.A. and definitive agreement on new credit facilities

Thu, 28 Feb 2013 17:00:00 -0500

TSX: SLW
NYSE: SLW

VANCOUVER, Feb. 28, 2013 /CNW/ - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX: SLW) (NYSE: SLW) is pleased to announce that, further to the press release dated February 5, 2013, Silver Wheaton has entered into a definitive agreement to acquire from a subsidiary of Vale S.A. ("Vale") (NYSE: VALE) an amount of gold equal to 25% of the life of mine gold production from its Salobo Mine, located in Brazil, as well as 70% of the gold production, for a 20-year term, from certain of its Sudbury Mines located in Canada. The transaction is no longer subject to Vale board approval, which has now been obtained.

The Company will pay Vale, within 10 business days of this press release, total cash consideration of US$1.90 billion, and has issued to Vale 10 million Silver Wheaton warrants with a strike price of US$65 and a term of 10 years¹. US$1.33 billion will be paid for 25% of the gold production from Salobo, while US$570 million, plus the 10 million Silver Wheaton warrants issued to Vale, will be the consideration for 70% of the Sudbury gold production. Silver Wheaton will make ongoing payments of the lesser of US$400 (subject to a 1% annual inflation adjustment from 2016 for Salobo) and the prevailing market price, for each ounce of gold delivered under the agreement.

In addition, Silver Wheaton has finalized the terms and entered into two new unsecured credit facilities, comprised of (1) a $1 billion revolving credit facility having a 5 year term (the "Revolving Facility"); and (2) a $1.5 billion bridge financing facility having a 1 year term (the "Bridge Facility"). The Revolving Facility and Bridge Facility replaced the $400 million Revolver Loan and the Term Loan, with the latter being repaid in full on February 22, 2013. For the Revolving Facility, Scotiabank and BMO Capital Markets acted as Co-Lead Arrangers and Joint Bookrunners, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto Dominion Bank acted as Co-Documentation Agents and Bank of Tokyo-Mitsubishi UFJ (Canada), HSBC Bank Canada and Export Development Canada acted as Senior Managers. For the Bridge Facility, Scotiabank and BMO Capital Markets acted as Co-Lead Arrangers and Joint Bookrunners, Canadian Imperial Bank of Commerce and Royal Bank of Canada acted as Co-Documentation Agents and The Toronto Dominion Bank and Export Development Canada acted as Senior Managers. Combined with cash on hand, the additional credit capacity offered by these new credit facilities provides Silver Wheaton with sufficient access to capital to fund the upfront payment to Vale, while continuing its pursuit of additional accretive growth opportunities.

ABOUT SILVER WHEATON

Silver Wheaton is the largest precious metals streaming company in the world. Based upon its current agreements, forecast 2013 attributable production is approximately 33.5 million silver equivalent ounces², including 145 thousand ounces of gold. By 2017, annual attributable production is anticipated to increase significantly to approximately 53 million silver equivalent ounces², including 180 thousand ounces of gold. This growth is driven by the Company's portfolio of low-cost and long-life assets, including silver and precious metal streams on Barrick's Pascua-Lama project, Hudbay's Constancia project, and Vale's Salobo and Sudbury mines.

CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS

CAUTIONARY LANGUAGE REGARDING RESERVES AND RESOURCES

For further information on Mineral Reserves and Mineral Resources and on Silver Wheaton more generally, readers should refer to Silver Wheaton's Annual Information Form for the year ended December 31, 2011, and other continuous disclosure documents filed by Silver Wheaton since January 1, 2012, available on SEDAR at www.sedar.com. Silver Wheaton's Mineral Reserves and Mineral Resources are subject to the qualifications and notes set forth therein. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.

Mr. Neil Burns, Silver Wheaton's Vice President, Technical Services, is a "qualified person" as such term is defined under National Instrument 43-101, and has reviewed and approved the technical disclosure in this news release.

¹ The issue of the warrants is subject to receipt of all requisite regulatory approvals including those from the Toronto Stock Exchange and the New York Stock Exchange.

² Silver equivalent production forecast assumes a gold/silver ratio of 53.3:1

Patrick Drouin
Vice President, Investor Relations
Silver Wheaton Corp.
Tel: 1-800-380-8687
Email: info@silverwheaton.com
Website: www.silverwheaton.com