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« Silver Bullion ETF in Switzerland: SIVR | Main | Hecla Mining Company in the Overbought Zone »

George Brack joins Silver Wheaton Corporation

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Silver Wheaton Corporation (SLW) one of our largest holdings in the precious metals sector so it is pleasing to receive this missive from them today announcing that George Brack has joined the board of directors. His CV is impressive so it appears that he is a heavyweight which should make him a good addition to the team.

VANCOUVER, Nov. 24 /CNW/ - Silver Wheaton Corp. (TSX, NYSE:SLW) ("Silver Wheaton" or the "Company") is pleased to announce the appointment of Mr. George L. Brack to the Company's Board of Directors. Mr. Brack is a mining industry veteran with extensive experience in the areas of investment banking and corporate development. Most recently Mr. Brack acted as the Managing Director and Industry Head, Mining Group, of Scotia Capital where he led a team responsible for the identification, evaluation and execution of strategic mergers and acquisitions, as well as the provision of equity financing.

"We are very pleased to welcome Mr. Brack to Silver Wheaton's Board of Directors," said Douglas Holtby, Chairman of Silver Wheaton. "The Company has witnessed significant growth in 2009, and Mr. Brack's extensive knowledge of the mining industry, coupled with his background in the field of mergers and acquisitions, is extremely well suited to Silver Wheaton's continued focus on growth through acquisition. We are confident that his depth of experience will benefit Silver Wheaton in its future plans."

Director Biography
Mr. Brack's 25-year career in the mining industry has focused on investment banking and corporate development, specifically identifying, evaluating and executing strategic mergers and acquisitions, and the provision of equity financing. Most recently Mr. Brack acted as the Managing Director and Industry Head, Mining Group, of Scotia Capital. Prior to joining Scotia Capital in 2006, Mr. Brack spent seven years as President of Macquarie North America Ltd., an investment banking firm specializing in merger and acquisition advice. Previous to that, Mr. Brack was Vice-President, Corporate Development at Placer Dome Inc., was Vice-President of the investment banking group at CIBC Wood Gundy, and worked in Rio Algom's Corporate Development department. Mr. Brack holds an MBA from York University, a BASc in Geological Engineering from the University of Toronto and the CFA designation.

About Silver Wheaton
Silver Wheaton is the largest silver streaming company in the world. Forecast 2009 production is 16 million ounces of silver and 17,000 ounces of gold, for total production of 17 million silver equivalent ounces. By 2013, annual production is anticipated to more than double to approximately 39 million ounces of silver and 20,000 ounces of gold, for total production of approximately 40 million silver equivalent ounces. This growth is driven by the Company's portfolio of world-class assets, including silver streams on Goldcorp's Penasquito mine and Barrick's Pascua-Lama project.

Silver Wheaton Corporation trades on the New York Stock Exchange and the Toronto Stock Exchange under the symbol of SLW and is currently trading at $16.12. The Company has a market capitalization of $5.50 billion, with 341.28 million shares outstanding.

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