SILVER WHEATON CORP. T.SLW

Metals & Mining Silver

"Silver Wheaton is a pure, unhedged paper proxy on silver prices with a unique business model. The company purchases silver for sale through long-term purchase contracts from counterparties. Currently, the company has long-term silver purchase contracts with more than a dozen mines. Silver Wheaton purchased and sold roughly 28 million silver-equivalent ounces in 2012 through its purchase sales contracts."

TSX:SLW - Post by User

SILVER WHEATON CORP.

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Post by IntoThinAiron Jul 07, 2015 1:43pm

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Post# 23899292

Silver Wheaton Corp shares slump 10% on possible tax reasses

https://business.financialpost.com/news/mining/silver-wheaton-corp-shares-slump-10-on-possible-tax-reassessment-payments-of-more-than-200m

“Management believes that the company has filed its tax returns and paid applicable taxes in compliance with Canadian tax law,” Silver Wheaton said in a statement.

RBC Capital Markets analyst Dan Rollins said in a note to clients that although Silver Wheaton’s stock price already reflects some potential for higher taxes, he would expect further weakness “as the market digests the news, the size of the potential tax liability and the impact of potential penalties/interest.”

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A junior copper-gold stock trading at a bargain of monumental proportions