NYSE:SLW

VANCOUVER, Nov. 11, 2013 /PRNewswire/ - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW) (NYSE:SLW) is pleased to announce that its Board of Directors has declared its fourth quarterly cash dividend payment for 2013 of US$0.09 per common share. The quarterly dividend will be paid to holders of record of its common shares as of the close of business on November 27, 2013, and will be distributed on or about December 11, 2013.

Under the Company's dividend policy which was amended on May 10, 2013, the quarterly dividend per common share will be equal to 20% of the average cash generated by operating activities in the previous four quarters divided by the Company's outstanding common shares at the time the dividend is approved, all rounded to the nearest cent.

The declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors. This dividend qualifies as an 'eligible dividend' for Canadian income tax purposes.

About Silver Wheaton

Silver Wheaton is the largest precious metals streaming company in the world. Based upon its current agreements, forecast 2013 attributable production is approximately 33.5 million silver equivalent ounces(1), including 145,000 ounces of gold. By 2017, annual attributable production is anticipated to increase significantly to approximately 42.5 million silver equivalent ounces(1), including 210,000 ounces of gold. This growth is driven by the Company's portfolio of low-cost and long-life assets, including precious metal and gold streams on Hudbay's Constancia project and Vale's Salobo and Sudbury mines.

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(1) Silver equivalent production forecast assumes a gold/silver ratio of 53.3:1 






    CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS

    The information contained herein contains "forward-looking statements"
    within the meaning of the United States Private Securities Litigation
    Reform Act of 1995 and "forward-looking information" within the meaning
    of applicable Canadian securities legislation.  Forward-looking
    statements, which are all statements other than statements of
    historical fact, include, but are not limited to, statements with
    respect to the future price of silver or gold, the estimation of
    mineral reserves and resources, the realization of mineral reserve
    estimates, the timing and amount of estimated future production, costs
    of production, reserve determination, reserve conversion rates,
    statements as to any future dividends, the ability to fund outstanding
    commitments and continue to acquire accretive precious metal stream
    interests and assessments of the impact of various legal and tax
    matters.  Generally, these forward-looking statements can be identified
    by the use of forward-looking terminology such as "plans", "expects" or
    "does not expect", "is expected", "budget", "scheduled", "estimates",
    "forecasts", "intends", "anticipates" or "does not anticipate", or
    "believes", or variations of such words and phrases or statements that
    certain actions, events or results "may", "could", "would", "might" or
    "will be taken", "occur" or "be achieved".  Forward-looking statements
    are subject to known and unknown risks, uncertainties and other factors
    that may cause the actual results, operations, level of activity,
    performance or achievements of Silver Wheaton to be materially
    different from those expressed or implied by such forward-looking
    statements, including but not limited to: fluctuations in the price of
    silver or gold; the absence of control over mining operations from
    which Silver Wheaton purchases silver and gold and risks related to
    these mining operations including risks related to fluctuations in the
    price of the primary commodities mined at such operations, actual
    results of mining and exploration activities, environmental, economic
    and political risks of the jurisdictions in which the mining operations
    are located and changes in project parameters as plans continue to be
    refined; differences in the interpretation or application of tax laws
    and regulations; and the Company's interpretation of, or compliance
    with, tax laws, is found to be incorrect; as well as those factors
    discussed in the section entitled "Description of the Business - Risk
    Factors" in Silver Wheaton's Annual Information Form available on SEDAR
    at www.sedar.com and in Silver
    Wheaton's Form 40-F on file with the U.S. Securities and Exchange
    Commission in Washington, D.C.  Forward-looking statements are based on
    assumptions management believes to be reasonable, including but not
    limited to: the continued operation of the mining operations from which
    Silver Wheaton purchases silver and gold, no material adverse change in
    the market price of commodities, that the mining operations will
    operate and the mining projects will be completed in accordance with
    their public statements and achieve their stated production outcomes,
    the continuing ability to fund or obtain funding for outstanding
    commitments, the ability to source and obtain accretive precious metal
    stream interests, expectations regarding the resolution of legal and
    tax matters, and such other assumptions and factors as set out herein. 
    Although Silver Wheaton has attempted to identify important factors
    that could cause actual results to differ materially from those
    contained in forward-looking statements, there may be other factors
    that cause results not to be as anticipated, estimated or intended. 
    There can be no assurance that forward-looking statements will prove to
    be accurate. Accordingly, readers should not place undue reliance on
    forward-looking statements and are cautioned that actual outcomes may
    vary.  Silver Wheaton does not undertake to update any forward-looking
    statements that are included or incorporated by reference herein,
    except in accordance with applicable securities laws.

SOURCE Silver Wheaton Corp.