World Gold Council Adds Silver Wheaton Corp.

Silver Wheaton Corp. (SWC) recently became one of the newest members of the World Gold Council (WGC). Acceptance into this elite group was largely influenced by their ability to sustain their increase of current and future gold production levels. A large factor that has promoted this ability is the acquisitions of gold streams from Vale S.A. and Hudbay Minerals Inc. Another significant attribute that made SWC a winning choice for the WGC is their growing global mining assets and impressive portfolio diversification.

Silver Wheaton is the largest precious metals streaming company in the world. The company has a number of agreements where, in exchange for an upfront payment, it has the right to purchase all or a portion of the silver and/or gold production, at a low fixed cost, from high-quality mines located in politically stable regions around the globe.

The President and CEO of Silver Wheaton Corp., Randy Smallwood stated that they were very excited about joining the World Gold Council. The management was also looking forward to contributing to the principles of the Gold Council, which provides for industry leadership, as well as stimulating and sustaining the demand for gold worldwide.

World Gold Council Members

The World Gold Council currently consists of 20 members, priding itself on the embodiment of forward-thinking mining companies. The council is headquartered across the world and has mining operations in over 50 countries. The council’s members work together around the mission of promoting a sustainable gold mining industry, based on a deep understanding of gold’s role in society, now and in the future.