Worthy Stocks Update: Vale SA (ADR) (VALE), Silver Wheaton Corp. (USA) (SLW)



Stock’s Trading Stats:

Vale SA (ADR) (NYSE:VALE) is trading up with a percentage change of 4.61% and is at $5.11 right now. The Company’s market capitalization stands at $25.55 Billion in the current trading Session whereas, its outstanding shares are 3.19 Billion.

Recent Press Release:

Vale S.A. (VALE) together with its auxiliaries, engages in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. Its Bulk Material segment produces and extracts iron ore and pellet. This segment is also involved in the production and extraction of manganese, ferroalloys, and others ferrous products and services; and extraction of coal, in addition to in the provision of railroad, port, and terminal logistics services. The company’s Base Metals segment produces and extracts non-ferrous minerals, counting nickel and copper. Its Fertilizers segment provides a group of nutrients, such as potash, phosphates, and nitrogen. The company also invests in energy generation through operating hydroelectric plants and centers, in addition to produces steel. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio de Janeiro, Brazil.

Silver Wheaton Corp. (USA) (NYSE:SLW)

Stock’s Trading Stats:

Silver Wheaton Corp. (USA) (NYSE:SLW) is surging 3.42% percent and is at $17.83 in the Real-Time trading session. The stock’s market capitalization stands at $8.11 Billion with outstanding shares of 435.66Million.

Recent Press Release:

Silver Wheaton Corp. (SLW) on April 11, 2016 declared that the syndicate of underwriters for the Company’s formerly accomplished bought deal public offering of 33,135,000 common shares of Silver Wheaton (the “Offering”) have elected to exercise their option in full to purchase an additional 4,970,250 common shares at a price of US$16.60 per share. The sale of the additional common shares is predictable to be accomplished on April 14, 2016 and will enhance the gross proceeds by an additional US$82.5 million, resulting in total gross proceeds from the Offering of US$632.5 million.

Silver Wheaton intends to use the net proceeds from the Offering, counting proceeds from the exercise of the over-allotment option, to repay a portion of the debt that was drawn on the Company’s US$2 billion revolving credit facility in November 2015 for the US$900 million purchase of the silver stream on the Antamina mine in Peru.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful preceding to registration or qualification under the securities laws of that jurisdiction.