Business Context and Reporting Period
This Form 6-K filing by Silver Wheaton Corp. (now Wheaton Precious Metals Corp.) covers the month of February 2007. The registrant is a Canadian foreign issuer reporting pursuant to Rule 13a-16 of the Securities Exchange Act of 1934. The company describes itself as the only public mining company with 100% of its revenue derived from silver production.
Key Financial Metrics
The filing text does not provide specific financial values for revenue, profit, cash flow, margins, debt, or liquidity. This document serves solely as a notice regarding the upcoming release of financial results.
Material Changes
No material changes to financial performance or operations are reported in this filing. The document contains no comparative data against prior periods.
Guidance, Outlook, and Risks
Outlook and Events: The company announced it will release its 2006 year-end financial results on February 19, 2007, after market close. A conference call to discuss these results is scheduled for February 20, 2007, at 11:00 am ET.
Management Commentary: Management states the company is unhedged and well-positioned for further growth.
Risks and Contingencies: The filing includes a cautionary note regarding forward-looking statements. Identified risks include:
- Future price of silver.
- Estimation and realization of mineral reserves and resources.
- Timing and amount of estimated future production.
- Costs of production and reserve conversion rates.
- Integration of acquisitions.
- Absence of control over mining operations from which silver is purchased.
- Risks related to international operations, exploration, and reclamation activities.
Investor Verification Checklist
- Verify the release of the 2006 year-end financial results on February 19, 2007.
- Confirm the company's status as unhedged regarding silver production.
- Review the detailed risk factors in the annual information form for the year ended December 31, 2004, referenced in the filing.
- Monitor the conference call on February 20, 2007, for specific guidance on production and costs.