The world’s largest precious metals streaming firm Silver Wheaton said Wednesday it expected to produce 15% more gold this year than previously expected, as production is boosted by strong performance from its key asset, Vale’s Salobo mine, on which it had just picked up a further gold stream.
For 2016, Silver Wheaton’s estimated attributable gold production would be 305 000 oz, up from 265 000 oz previously forecasted. The estimated average yearly attributable gold output over the next five years (including 2016), was likely to be about 330 000 oz/y of gold, up from 260 000 oz, the Vancouver-based company advised.
