1、2013 ANNUAL REPORTWE SEE MINING DIFFERENTLYSILVER WHEATON IS A PURE PRECIOUS METALS COMPANY WITH A GROWTH PROFILE DRIVEN BY LOW-COST AND LONG-LIFE ASSETS.WHILE OUR CAPITAL EXPENSES ARE FIXED,WE PROVIDE SHAREHOLDERS WITH EXPOSURE TO EXPLORATION AND EXPANSION SUCCESS.2013 WAS A STRONG YEAR FOR US,AND
2、WE CONTINUE TO SEE OPPORTUNITIES IN 2014 AND BEYOND.CORPORATE PROFILE 2 LETTER FROM THE PRESIDENT&CEO 4 GLOBAL ASSETS 8 CORNERSTONE ASSETS 9PERFORMANCE HIGHLIGHTS 12 PRECIOUS METALS STREAMING 13 THE PRECIOUS METALS MARKET 14 CORPORATE SOCIAL RESPONSIBILITY 15 MANAGEMENTS DISCUSSION AND ANALYSIS&FINA
3、NCIAL STATEMENTS 17From left to right:RANDY SMALLWOOD President&Chief Executive OfficerGARY BROWN Senior Vice President&Chief Financial OfficerCURT BERNARDI Senior Vice President,Legal&Corporate SecretaryHAYTHAM HODALY Senior Vice President,Corporate DevelopmentPATRICK DROUIN Senior Vice President,I
4、nvestor RelationsMAURICE TAGAMI Vice President,Mining OperationsBETTINA CHARPENTIER Vice President,TaxNEIL BURNS Vice President,Technical ServicesCORPORATEPROFILE2SILVER WHEATON IS THE LARGEST PRECIOUS METALS STREAMING COMPANY IN THE WORLD.OUR EXPERIENCED MANAGEMENT TEAM BRINGS TOGETHER DECADES OF E
5、XTENSIVE INDUSTRY KNOWLEDGE.WE HAVE A STRONG TRACK RECORD OF SUCCESS AND BELIEVE OUR CURRENT PORTFOLIO OF STREAMING AGREEMENTS POSITIONS US WELL FOR 2014 AND BEYOND.WE CONTINUE TO STRIVE TO BE THE PREMIER INVESTMENT VEHICLE FOR PRECIOUS METALS INVESTORS WORLDWIDE.SILVER WHEATON 2013 ANNUAL REPORT 30
6、100200300400500600700800SILVER PRICEPHLX GOLD AND SILVER INDEXPEER AVERAGE*SILVER WHEATONRELATIVE PRICE PERFORMANCE SINCE INCEPTION TO MARCH 14,2014:*Silver Wheatons inception is the date of closing of its first transaction*Includes senior North American listed silver producers10203040502010A2011A20