The World Gold Council, the market development organisation for the gold industry, has welcomed Silver Wheaton to its Board of Members. Silver Wheaton is the largest precious metals streaming company in the world and has recently expanded its gold streams with acquisitions from Vale SA and Hudbay Minerals Inc.
World Gold Council Chief Executive, Aram Shishmanian, commented; “We are delighted that Silver Wheaton has become a member of our organisation. The streaming model used by Silver Wheaton is becoming increasingly important in the gold mining industry to attract investment and fund gold and precious metal projects. With the addition of Silver Wheaton to our Board, the World Gold Council now represents a substantial proportion of this important element of the gold business.”
“During 2013, Silver Wheaton significantly increased the amount of gold production within our portfolio. We are proud to be joining the World Gold Council and look forward to contributing to its vision of providing industry leadership, whilst stimulating and sustaining the worldwide demand for gold,” said Randy Smallwood, President & Chief Executive Officer of Silver Wheaton.
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For further information please contact:
Melissa McVeigh
World Gold Council
T +44 20 7826 4707
E [email protected]
Patrick Drouin
Silver Wheaton Corp.
T +1 800 380 8687
E [email protected]
Note to editors:
World Gold Council
The World Gold Council is the market development organisation for the gold industry. Working within the investment, jewellery and technology sectors, as well as engaging in government affairs, our purpose is to provide industry leadership, whilst stimulating and sustaining demand for gold.
We develop gold-backed solutions, services and markets, based on true market insight. As a result, we create structural shifts in demand for gold across key market sectors.
We provide insights into the international gold markets, helping people to better understand the wealth preservation qualities of gold and its role in meeting the social and environmental needs of society.
Based in the UK, with operations in India, the Far East, Europe and the US, the World Gold Council is an association whose members include the world’s leading and most forward thinking gold mining companies.
About Silver Wheaton
Silver Wheaton is the largest precious metals streaming company in the world. Based upon its current agreements, forecast 2014 annual attributable production is approximately 36 million silver equivalent ounces[1], including 155,000 ounces of gold. By 2018, annual attributable production is anticipated to increase significantly to approximately 48 million silver equivalent ounces1, including 250,000 ounces of gold. This growth is driven by the Company’s portfolio of low-cost and long-life assets, including precious metal and gold streams on Hudbay’s Constancia project and Vale’s Salobo and Sudbury mines.
[1] Silver equivalent production forecast assumes a gold/silver ratio of 60:1.
