WRM Wheaton River Minerals

[stolwyk]

25 April, 2004:
WHEATON RIVER MINERALS LTD.(TSX:WRM, AMEX:WHT):
http://www.wheatonriver.com/index.php

BigChart: http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=CA%3AWRM&time=&freq=

Shares and Warrants: Shares: 567.5 mill; fully diluted 768 mill. (So, the total warrants =200.5 mill):
http://www.wheatonriver.com/corporate_info/

Prices at TSX (Toronto, Canada):
Trading at TSX: http://www.tsx.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Language=en&QuoteSymbol_1=WRM&QuoteSymbol_2=NNO&QuoteSymbol_3=IMG&QuoteSymbol_4=&QuoteSymbol_5=&QuoteSymbol_6=&QuoteSymbol_7=&QuoteSymbol_8=&QuoteSymbol_9=&QuoteSymbol_10=&QuoteSymbol_11=&QuoteSymbol_12=&x=39&y=18

Four year summary of results.($US). (Current share price of WRM: $CAN.3.71). (Current AMEX price of WHT: $US 2.73 ). Total NPAT for 2003: $US 57.7 mill or US14 cents per share. Retrosp. P/E US: 273/14=19.5:

http://www.wheatonriver.com/financials/

Analyst Reports:
http://www.wheatonriver.com/analyst_reports/

GOLD PROJECTS:
The Company buys mines where the management or ouput can be improved or the mine can be run cheaper; thus it is interested in undervalued assets. Cash costs are low. WRM operates in South America, Mexico and Australia.

They hold 37.5 % of the massive Alumbrera operation (NNO holds 12.5%). Their main Mines: LOS FILOS, PEAK, ALUMBRERA, LUISMIN and AMAPARI:
http://www.wheatonriver.com/gold_projects/operations/
This excellent website lists: Operations, Exploration, Joint ventures, Reserves and Resources.


NOTE: WMR IS INVOLVED IN FRIENDLY TAKEOVER TALKS WITH "IAMGOLD" (TSX.IMG. OR AMEX.IAG).
I INTEND TO WRITE A POST ON "IAMGOLD" AND THEN SUMMARIZE THE TAKEOVER BY "IAMGOLD".

+++++++++++++++++++++++++++++++++++
"Gerbino on gold"-Gold Eagle.

GERBINO also referred to WMR:

"Wheaton River (WHT- AMEX, WRM-TSX) is an exceptional story. Sixth largest Canadian gold mining company.

They will double their gold production in the next 3 years without having to issue any new shares or borrow any funds. That is extraordinary. They have expanding production, low production costs of $100 per oz when you factor in base metal credits, solid cash flow, and an interesting business model.

They are like Starbucks … getting bigger by opening new stores… only Wheaton does it by buying good medium size mines or very advanced properties that are ready for production. The mines they make more efficient.

They have the right people who can raise lots of money and buy and manage these medium size mines. The big companies are too slow and the little companies don't have the cash…. so Wheaton has a great niche.

I believe they can go from 550,000 oz of gold production in 2004 to 2.5 million oz in the next 5 years which makes them a great growth story…one that will do well even if gold just stays in the $375-400 range.

They also have very nice copper and silver exposure. In the coming super-bull market in copper led by Asia, this will be very accretive to earnings.

By the end of 2007 with copper even as low as 80 cents (it's now at $1.30) they will be producing over one million oz of gold for less than $75 per ounce because of the copper credits. We own plenty. Fidelity owns 13% of the company…a good name to have on the shareholder list".

++++++++++++++++++++++++++++++++++++++

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.

[stolwyk]

Date 18 June 2004:

This concerns a possible merger with IAMGOLD:

http://www.wheatonriver.com/news_releases/

Gerry

[stolwyk]

July 7, US time: Merger voted out.

"Wheaton River Minerals Ltd. (“Wheaton”) announces that IAMGold Corporation (“IAMGold”) did not receive the required shareholder approval for the proposed business combination with Wheaton at the IAMGold shareholders’ meeting held today".

++++++++++++++++++++++++++++++

Comment: Although I am not a shareholder, I was much earlier against this merger-See previous posts.

It seems that Wheaton's Advisor had the same idea as well and advised against the merger.

Iamgold shot up by 86 cents, WRM lost 7 cents


Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.

[stolwyk]

Directors won't negotiate with Coeur d'Arlene.
http://www.marketwatch.com/news/yhoo/story.asp?
source=blq/yhoo&siteid=yhoo&dist=yhoo&guid=%7BE9939E9D%2D8A49%2D45BA%2D82D5%2DD3C4835538 91%7D

13 July:
Finally managed to get some overnight.

WRM is a stock which can produce well even if the price of gold is down somewhat.

However, the NG.WT warrant is a fast mover: 50% over a short time. Picked up another 5% overnight.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.

[stolwyk]

Wheaton in protection mode:

http://biz.yahoo.com/rc/040715/minerals_silverwheaton_3.html

Extract:
"Wheaton will receive C$262 million in cash and Chap Mercantile common shares, plus a payment of $3.90 for every ounce of silver produced, for the output sale.

Chap Mercantile, which will initially be run by Luismin president Eduardo Luna, will raise up to C$50 million to pay for the operations".

"Silver Wheaton, which Telfer said will be the world's only 100 percent pure silver play, is forecast to produce 6.8 million ounces of silver this year, rising to 7.5 million next year and 8.4 million in 2006".


Comment: A shrewd move with plenty of cash to buy gold mines/exploration territory.

I am happy with my 2 big Canadians: NG and MWR; holding Warrants only.
_____________________________________________

"Takeover proposition":
http://cbs.marketwatch.com/news/story.asp?guid=%7BF48A959C%2DFFB8%2D4F60%2DA101%2D 1B83F17D895D%7D&dist=rss&siteid=mktw

Extract:

"Iamgold and Wheaton River are "attractive targets," he said, and while he doesn't believe Golden Star and Coeur will end up owning them, "someone else will, and at a significantly higher price."

One reason why I have warrants in WRM

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.

[stolwyk]

Subject re: + wheaton river creating a new pure silver play
Posted 06/08/04 14:17 - 15 reads
Posted by stolwyk
Post #336956 - in reply to msg. #323227 - splitview

http://www.wheatonriver.com/index.php/str=9,mod=cnt,act=cnt,id=120

[stolwyk]

WHEATON RIVER (RWM) 90% incease in profit

http://www.wheatonriver.com/index.php

Extract:
"Net earnings for the six months ended June 30, 2004 amounted to US$55 million, more than triple the comparable 2003 earnings of US$15 million.

Earnings per share doubled to US$0.10 in 2004 from US$0.05 per share in 2003. For the six months, 305,200 gold equivalent ounces were sold at a total cash cost of minus US$26 per ounce (net of by-product copper sales), compared with 2003 sales of 168,000 gold equivalent ounces at a total cash cost of $119 per ounce.

Operating cash flows for the six months were US$101 million, or US$0.18 per share (2003 - US$31 million, or US$0.09 per share).

Wheaton is a leading gold producer and expects 2006 production from all of its mines to increase to approximately 900,000 gold equivalent ounces at a total cash cost of less than US$100 per ounce.

Current production exceeds 500,000 gold equivalent ounces (over 400,000 ounces of gold and 7 million ounces of silver) at a total cash cost of less than US$50 per ounce".


Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.

Ramping Again Gerry All posts on this thread are yours

[GB]

Distinct possibility of ramping aside - a nice little summary of a nice little company Gerry- i like Wheaton - then again i like all gold companies v-cheers

[stolwyk]

Thanks GB; Enigma has now become a stalker who doesn't produce a thing.

I am transferring data to this chatsite and look at the intolerance. Never mind, the bona fide reader will bypass any comments made by revengeful stalkers and study the facts.

Harassment is forbidden in the Share trader rules. Stalkers should study those carefully, as no doubt the Administrator may become interested.


GB, I like NCM but of course they have to finish that Telfer job, test it and operate it.


Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.

[Capitalist]

Right Stolwyk. So you should not be a hypocrite and support others who stalk, like Donner.

Gerry just because you post a disclaimer Does not mean you are not a ramper. Apparently the truth hurts. You even post a link to your hot copper post. If it so important post it here or is just keep your post numbers up. I think you just like to make out you are Gods gift to share investors.

[stolwyk]

Capitalist, I don't support anybody who stalks. Does she? The important point is that I don't and this matter here directly affects the readers and me.

Why didn't you raise this matter under "suggestions"

Gerry

[stolwyk]

Enigma,

I wrote that section about harassment so you know you do so at your own risk. I can't spell it out any better than that, can I?

Are you more important than the Administrator and Sharetrader rules?


Gerry

[Capitalist]

I did raise it Gerry, and ST support me. And 'she' is a 'he'.
It doesn't worry me too much, but slanderous comments do.
People on jihads do as well, and I don't support any against you
or anyone else.
Stalkers tend to be calm --WAY TOO CALM-- Enigma and Miner
are too emotive to fit the real profile.
Plus others here don't know what goes on off-list.

Carry on though, this is off-thread.

[stolwyk]

I wish you carry on this discussion on the "suggestions" thread or anywhere else, this is not a social thread is it? This stock thread gets rapidly ruined because readers have to bypass all the irrelevant stuff.

I am not going to discuss Enigma or Miner. As far as Donner is concerned, suggest you contact ST rather than discussing it here.


Gerry

[Capitalist]

Don't tell me what to do Stolwyk. I will post what I want, where I want. I have a large support base here. Who said "All pigs are equal but some are more equal than others"- George Orwell

Just because someone disagrees with you that does not make them a stalker. I said Carry on.

[stolwyk]

Bye Capitalist,

You haven't changed.

It has been nice talking to you.

Gerry

NO Gerry this is a ramping thread.

[Capitalist]

Don't bother Enigma. He is nothing. His opinion is nothing.

[GB]

i find this most intriguing - i can only add to this topic by saying coffee sounds good - and a little physical wouldnt hurt either -am i talking about silver :)

[stolwyk]

Cap, that is the way I want to be. I like to be underestimated and hence be more effective.

Gerry

[Capitalist]

quote:Originally posted by stolwyk

Cap, that is the way I want to be. I like to be underestimated and hence be more effective.

Gerry


Gotcha!! You fell right into that one -- hoist with your own petard.

PS It is flattering that you seem to feel the need to reform my character at intervals, despite the fact that I've indicated quite clearly I'm not interested in reforming. Forget it.

[stolwyk]

Cap, please stop that charade. Now you are back to talk to a "nobody", as you put it. Still fishing?

You wanted me to support you against Donner. Then you tell me that Sharetrader supports you.

If so, why then haven't they done anything about it? You can't very well take Donner to court, because you both have Aliases, unlike me.

Sharetrader will know that too. So, is there something which stops them from taking action? I can't answer that. Why not ask them.

No, I don't want to reform you because that is useless. ST is only a small site where it easy to become dominant. Try Hotc. Don't you dare?

For starters, you need to perform there. If you don't it wouldn't matter but if you want to recognized by making a lot of noise but not perform, then you will be out as some have found out.

But there is plenty of room for social posters, of course. We have 3 massive sites for those. Then there is the main site which deals with stocks only.

As to your reference to "pigs", it is not that important to be dominant at Sharetrader level, not once you are posting at HC with its 1000 posts on its main site on a working day.

You seem to think that the answer is in the ST "Suggestion" box. Is there? Or is there more to it? Guess.

So yes, I am not worried about being a "nobody" as you put it. I can only smile at your ignorance. I don't care being rated by you at all.

Gerry

[stolwyk]

8 Aug:
WHEATON ENTERS INTO US$300 MILLION ACQUISITION FACILITY
http://www.wheatonriver.com/news_releases/index.php/str=9,mod=cnt,act=cnt,id=134

29 Sept:
WHEATON RECEIVES US$86 MILLION CASH DISTRIBUTION FROM ALUMBRERA

http://www.wheatonriver.com/index.php/str=9,mod=cnt,act=cnt,id=140

Extract:
“This represents an 83% return on Wheaton’s investment in Alumbrera of US$270 million, in a period of 18 months,” said Ian Telfer, Chairman and CEO of Wheaton. “By any measure, this represents a phenomenal return.”

"Alumbrera is now debt free and all cashflows will be available for distribution to its shareholders"

+++++++++++++++++++++++++++++++++++++++++
Comment: With some $US200 mill cash and $300 mill standby from the Bank, the total of $US500 mill is a formidable war chest.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks. To visit archived posts, please use the Search button.

[stolwyk]

Interesting article about trading:

http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=MTFH8777 0_2004-10-08_19-55-09_N085946_NEWSML

[stolwyk]

SILVER WHEATON TRANSACTION COMPLETED

http://www.wheatonriver.com/index.php/str=9,mod=cnt,act=cnt,id=141

[donner]

quote:Originally posted by Capitalist

I did raise it Gerry, and ST support me. And 'she' is a 'he'.
It doesn't worry me too much, but slanderous comments do.
People on jihads do as well, and I don't support any against you
or anyone else.
Stalkers tend to be calm --WAY TOO CALM-- Enigma and Miner
are too emotive to fit the real profile.
Plus others here don't know what goes on off-list.

Carry on though, this is off-thread.


seems like I am being referred to as calm, then a monumental leap is made so as to equate this to a stalker.

Well calm I may be but perhaps thats just because I don't give a toss. I recognize a bunny boiler when I see one.

Also, the inference is that I am up to something outside this forum that involves Capitalist. Well that is news to me. And if there is something going on it certainly doesn't include me. Show us the proof Capitalist otherwise you are a liar -bold faced- a fraud in other words, if the inference is to be understood correctly. Fancy, Citibank employing an out and out liar. If she is representative of this venerable organization then what does that say about what goes on behind those tinted windows?

All in all its just another clue to those who know a little about psychology that we are dealing with a paranoid schizophrenic who has obsessive compulsive tendencies.

To be fair though, I am sure after she has had her meds she is a very nice person.

And just what do ST support you in? Counselling.

What makes you so sure I am male? If the truth be known, I am an ex-Russian shotput champion who, when behind the Iron Curtain was barred from doing anything except throwing steel, taking steroids, reproducing genetically superior beings for the cause, and learning English. But that reminds me of times less wonderful.[V] At least in this wonderful country I have free speech[:p] and I changed my name to David Rob.[:p]I chose a male name because of the thick moustache and deep baritone voice the steroids left.

Thank goodness for democracy. You can run Capitalist but you cannot hide!

[Capitalist]

Why are you always mentioning me? Get help. It's called obsessive/compulsive disorder.

[donner]

If anyone is to know it will be you won't it?

What is the prescription these days?

[stolwyk]

Sorry guys but this is an important thread concerning a company worth $CAN 2.5 bil.

Why don't you shift the conversation to that "other thread" in use now. All you need to do is to transfer that post or point at this thread.

So, would you please take note.


Gerry

[Capitalist]

I agree.Wasn't me who brought it up.

[donner]

Noted Stolwyk. Also noted is the fact that your opinion does matter when its convenient.

Changes nothing though. Ruth is a liar. So much for the integrity she thinks she has to protect.

[stolwyk]

Yes I know that Capitalist has offended on this site before--see previous posts.

Gerry

[stolwyk]

Wheaton’s Third Quarter Earnings More Than Double to US$31 Million :

http://www.wheatonriver.com/index.php

Extract:

"A conference call will be held Wednesday, November 10th at 11:00 am (ET) to discuss these results. You may join the call by dialing toll free 1-888-789-0150, or 416-695-6140 for calls from outside of Canada and the US.

The conference call will be recorded and you can listen to a playback of the call after the event by dialling 1-888-509-0081 or 416-695-5275. A live and archived audio webcast will be available on the website at www.wheatonriver.com.

Wheaton currently produces 600,000 gold equivalent ounces annually at a total cash cost of less than US$50 per ounce, and expects 2006 production to increase to 900,000 gold equivalent ounces at a total cash cost of less than US$100 per ounce".

[stolwyk]

Thanks Miningnews.net



Iamgold claims other suitors possible

Thursday, November 11, 2004
CANADIAN gold producer Iamgold Corp is confident previous suitors will pursue the company if its marriage with South African company Gold Fields fails due to Harmony Gold's aggressive takeover bid.

But Iamgold has warned a new deal might not be so rich for its shareholders.

Reuters reported Iamgold chief executive Joe Conway as saying there had been multiple bids for Iamgold earlier this year and that it was conceivable that those (unnamed) other parties could renew their interest.

"But obviously they would not be as attractive as the Gold Fields transaction for a variety of reasons, financial clearly being one of them," he said.

Shareholders of Harmony and Gold Fields will vote in the next month on whether to support Harmony's bid. A successful vote will mean the death of the Iamgold and Gold Fields merger.

Harmony has alleged the deal is value destroying for Gold Fields and a condition of its takeover vetoes any possible merger.

Iamgold blamed a US$900,000 loss in the third quarter on US$3.3 million in merger and acquisition expenses.

++++++++++++++++++++++++++++++++++
Comment:

IMG is not as profitable as once thought and profitable WRM needs to take that into account should merger proposals start up again.

Gerry

[stolwyk]

December 05, 2004 06:05 PM US Eastern Timezone

Goldcorp and Wheaton River to Create World's Lowest Cost, Million Ounce Gold Producer

TORONTO & VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 5, 2004--Goldcorp Inc. (TSX:G) (NYSE:GG) and Wheaton River Minerals Ltd. (TSX:WRM) (AMEX:WHT) announce that they have reached an agreement in principle to combine to create the world's lowest cost, million ounce gold producer.

The combination would be effected through a share exchange take-over bid where Goldcorp would offer 1 common share of Goldcorp for every 4 common shares of Wheaton River.

Highlights of the combined company would include:

- Production - 2005 gold production expected to be in excess of 1.1 million ounces at a total cash cost of less than US$60 per ounce.

- Growth - production expected to grow to 1.5 million ounces of gold by 2007.

- Balance Sheet - strong balance sheet with over US$500 million in cash and gold bullion, with no debt.

- Reserves - proven and probable reserves of 10.5 million ounces plus additional measured and indicated resources of 9.5 million ounces as of December 31, 2003, all of which are unhedged.

- Liquidity - combined daily average trading liquidity of over US$60 million.

- Market Capitalization - expected to be approximately US$5 billion.

Goldcorp's offer represents:

- a value of Cdn$4.29 for each Wheaton River common share based on the December 3, 2004 closing price (Cdn$17.15) of Goldcorp common shares on the Toronto Stock Exchange.

- a premium of approximately 7% to Wheaton River's average closing market price for the previous 30 days on the Toronto Stock Exchange.

The making of the offer is subject to board approval of a definitive agreement between Goldcorp and Wheaton River, the satisfactory completion of due diligence investigations and the receipt by Wheaton River of an opinion from its financial advisor that the consideration offered under the offer is fair, from a financial point of view, to its shareholders.

Goldcorp and Wheaton River have agreed to negotiate exclusively with each other for 21 days and to exchange confidential information with a view to completing their due diligence investigations and settling a definitive agreement as soon as possible.

"This is a great combination! It achieves our strategic goals for production growth, diversification, financial strength and senior management. I am confident that the new Goldcorp will be uniquely positioned in the gold industry to accelerate the growth of value for our shareholders" said Robert R. McEwen, Chairman and Chief Executive Officer of Goldcorp.

"Goldcorp owns one of the richest gold mines in the world. The combination of Wheaton River and Goldcorp doubles gold production, maintains the lowest costs in the industry and provides a strong platform for future growth" said Ian W. Telfer, Chairman and Chief Executive Officer of Wheaton River.

Under the agreement in principle, Mr. McEwen would remain the Chairman of the Board and Mr. Telfer would become Chief Executive Officer of the combined company upon completion of the offer. The board of directors would be comprised of ten members, of which five would be current directors of Wheaton River.

If a definitive agreement is reached and the offer is made, it would be conditional on Goldcorp acquiring at least 66-2/3% of Wheaton River's common shares calculated on an undiluted basis and other customary conditions. In addition, Goldcorp would be entitled to a termination fee of US$35 million upon the occurrence of customary termination fee events, including the termination of the definitive agreement by Wheaton River in order to enter into a superior proposal with a third party.

Upon the closing of the combination, Wheaton River's outstanding warrants would become Goldcorp warrants on the basis of the exchange ratio under the offer.

Goldcorp has retained GMP Securities Ltd. to act as Goldcorp's financial advisor and Fraser Milner Casgrain LLP to act as Goldcorp's legal advisor.

Wheaton Rive

[stolwyk]

Wheaton signs definitive merger agreement with Goldcorp:

http://new.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=B-408713-C:WRM&symbol=WRM&news_region=C

[stolwyk]

Wheaton Reports Record Gold Production in 2004:
http://www.wheatonriver.com/index.php

Extract:
A 34% increase in production to 621,000 gold equivalent ounces (513,000 ounces of gold and 6.7 million ounces of silver) in 2004, compared to 464,000 gold equivalent ounces in 2003.


2004 cash costs of less than zero US dollars per gold equivalent ounce, compared to US$61 in 2003.


Production projected to increase to 675,000 gold equivalent ounces in 2005 and 955,000 in 2006, as Wheaton’s new mines are brought on stream.


Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.

[stolwyk]

Goldcorp shareholders favor Wheaton not Glamis - CEO:

http://www.reuters.com/financeNewsArticle.jhtml;WF14DDDAFGORUCRBAEKSFFA?t ype=mergersNews&storyID=7503250§ion=investing

Goldcorp Gerry that crashed in the eighties

[stolwyk]

Goldcorp Offer for Wheaton Successful Goldcorp Offer Extended to Give Shareholders More Time:

http://www.wheatonriver.com/news_releases/index.php?mod=cnt&act=cnt&id=162

[stolwyk]

Wheaton has been taken over by GoldCorp and this WMR thread has now been closed.

Here is GoldCorp's thread:
http://www.sharetrader.co.nz/topic.asp?TOPIC_ID=21027&SearchTerms=Goldcorp