Silver Wheaton Corp. is a no longer pure play silver mining company but still the largest in the business of silver streaming. It produces over 26 million ounces and sells over 29 million ounces of silver mined by other companies (including Barrick Gold and Goldcorp) as a by-product of their main operations.In 2016 Silver Wheaton reported attributable production totaling 30.4 million ounces of Ag and 353,700 ounces of Au. The Company also reported record silver and gold sales for the year, generating net earnings of US$195 million on operating cash flows of $584 million.
In Q1 2017 Silver Wheaton reported attributable production totaling 6.5 million ounces of silver and 84,900 ounces of gold, equal to 12.5 million silver equivalent ounces. The Company reported net earnings for the quarter of $61 million or $0.14 per share.
On May 10, 2017, Silver Wheaton says shareholders approved a company name change to Wheaton Precious Metals, effective immediately.