Tuesday, March 2, 2010

Silver Wheaton (NYSE: SLW) Doubles Reserves

Silver Wheaton Silver and Gold Reserves

Silver Wheaton Corp. (NYSE: SLW) announced it has doubled its probable and provable gold and silver reserves in 2009, bring them to record highs for the company.

Reserves increasing for silve came to 431 million ounces for the year, while gold reserves grew to 220,000 ounces.

Total silver reserves now stand at 875 million ounces.

Silver Wheaton attributed the increase in reserves to their acquisition of Silverstone Resources last year and also a number of new agreements they had entered into with silver mines.

Silver Wheaton Silver and Gold Reserves

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