Wheaton Precious Metals Corporation (WPM) 2014年年度报告「NYSE」.pdf

1、2014 ANNUAL REPORTTHE FIRSTDECADE20SILVERSTREAMING COMPANYSILVERSTREAMING COMPANY04SILVER WHEATON WAS FORMED WITH THE GOAL OF UNLOCKING VALUE FOR SHAREHOLDERS BY PLACING FIXED-COST SILVER PRODUCTION INTO A PURE PRECIOUS METALS COMPANY.WE CREATED THE STREAMING BUSINESS MODEL IN 2004 AND ACQUIRED 100%

2、OF THE SILVER PRODUCTION FROM THE SAN DIMAS MINE,A CORNERSTONE ASSET.THE FIRSTSILVERSTREAMING COMPANYCORPORATE PROFILE 2 LETTER FROM THE PRESIDENT&CEO 4 GLOBAL ASSETS 6 CORNERSTONE&GROWTH ASSETS 7 PERFORMANCE HIGHLIGHTS 8 PRECIOUS METALS STREAMING 9 CORPORATE SOCIAL RESPONSIBILITY 10 MANAGEMENTS DIS

3、CUSSION AND ANALYSIS&FINANCIAL STATEMENTS 13SILVERSTREAMING COMPANY14WE ARE NOW THE LARGEST PURE PRECIOUS METALS STREAMING COMPANY IN THE WORLD.FROM ASSETS LOCATED THROUGHOUT THE AMERICAS AND EUROPE,SILVER WHEATON HAD ATTRIBUTABLE PRODUCTION OF OVER 35 MILLION SILVER EQUIVALENT OUNCES THIS YEAR.OUR

4、COMPANY HAS THE HIGHEST MARGINS OF ALL SENIOR PRECIOUS METALS PRODUCERS WORLDWIDE,AND STREAMING IS NOW CONSIDERED A MAINSTREAM SOURCE OF FUNDING FOR THE MINING INDUSTRY.CORPORATE PROFILE 2 LETTER FROM THE PRESIDENT&CEO 4 GLOBAL ASSETS 6 CORNERSTONE&GROWTH ASSETS 7 PERFORMANCE HIGHLIGHTS 8 PRECIOUS M

5、ETALS STREAMING 9 CORPORATE SOCIAL RESPONSIBILITY 10 MANAGEMENTS DISCUSSION AND ANALYSIS&FINANCIAL STATEMENTS 13THE FIRSTTENYEARSCORPORATEPROFILE2SILVER WHEATON IS THE WORLDS LARGEST PURE PRECIOUS METALS STREAMING COMPANY.THE COMPANY OFFERS INVESTORS COST CERTAINTY,LEVERAGE TO INCREASING SILVER AND

6、GOLD PRICES,AND A HIGH-QUALITY ASSET BASE.ITS BUSINESS MODEL IS BASED ON PAYING LOW,PREDICTABLE COSTS FOR PRECIOUS METALS STREAMS FROM A DIVERSE PORTFOLIO OF MINES,WITH ANY INCREASES IN PRECIOUS METAL PRICES FLOWING DIRECTLY TO THE BOTTOM LINE.Top row from left to right:RANDY SMALLWOOD President&Chi