Wheaton Precious Metals (Seite 9)

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Der Steuerstreit ist vom Tisch und das zugunsten der Firma

[KMST]

bämm...wichtige news

VANCOUVER, Dec. 13, 2018 /PRNewswire/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is very pleased to announce that it has reached a settlement with the Canada Revenue Agency ("CRA") which provides for a final resolution of Wheaton's tax appeal in connection with the reassessment under transfer pricing rules of the 2005 to 2010 taxation years (the "Reassessments") related to income generated by the Company's wholly-owned foreign subsidiaries ("Wheaton International") outside of Canada.

SETTLEMENT HIGHLIGHTS

Foreign income on earnings generated by Wheaton International will not be subject to tax in Canada.1
The service fee charged by Wheaton for the services provided to Wheaton International will be adjusted to:
include capital-raising costs associated with Wheaton for the purpose of funding streaming transactions entered into by Wheaton International; and
increase the mark-up applied to Wheaton's cost of providing services to Wheaton International, including the above capital-raising costs, from the current 20% to 30%.

This additional service fee will result in increased income generated by Wheaton in Canada that is subject to Canadian tax.

Transfer pricing penalties in the Reassessments will be reversed. Interest will be adjusted consequentially to the adjustments described above, subject to some minor adjustments.
These transfer pricing principles will also apply to all taxation years after 2010, including the 2011 to 2015 taxation years which are currently under audit and on a go forward basis. 1

After the application of non-capital losses, Wheaton does not anticipate any additional cash taxes will arise in respect of the 2005 to 2010 taxation years as a result of the settlement.

"The terms of the settlement are an excellent outcome for Wheaton and its shareholders," said Randy Smallwood, Wheaton's President and Chief Executive Officer. "This settlement removes uncertainty with the use of our business model going forward and puts the tax issue behind us so that we can continue to focus on what we do best: building and managing our high-quality portfolio both organically and by accretive acquisitions, as we did earlier this year with the transactions on Vale's Voisey's Bay Mine and Sibanye's Stillwater Mines. With the clarity provided by this settlement, I look forward to our company again being valued solely based on the virtues of its excellent portfolio of high-quality assets and strong growth profile over the coming years."

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https://seekingalpha.com/article/4222924-wheaton-precious-me…

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https://www.kitco.com/commentaries/mining/2018-11-14/Wheaton…

[morimori]

Es steigen die Mitbewerber aus dem Markt

Die Bank von Nova Scotia, die AKA Scotiabank

von Google
Mocatta ist der größte Finanzierer der globalen Wertschöpfungskette für Edelmetalle. Laut Angaben aus der Industrie entfallen 15 bis 20 Prozent der Kreditvergabe an Kunden, von Raffinerien und Juwelieren bis hin zu Automobilherstellern und petrochemischen Herstellern.

Diese Quellen stellen den Wert ihrer Leasing-, Kreditlinien- und Sendungsdarlehen für Edelmetalle auf 8 Milliarden Dollar fest.

Während Rivalen wahrscheinlich den größten Teil des Scotia-Geschäfts übernehmen werden, wird der Rückzug des Bargeldes für die Branche weiter abnehmen, nachdem Banken wie Barclays, Deutsche Bank und Commerzbank in den letzten Jahren den Markt reduziert oder verlassen haben.

https://uk.reuters.com/article/us-bank-nova-metals-restructu…

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Mal was auf Deutsch

White Gold trifft auf fast 140 g/t Gold und Panoro erhält weitere Zahlung

Freitag, 28.09.2018 05:02 von Jörg Schulte

https://www.ariva.de/news/kolumnen/white-gold-trifft-auf-fas…

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Clip von 27.09.2018:

This Is The Best Time To Invest In Projects – Wheaton CEO
https://www.youtube.com/watch?v=mIh22Cx8RLY

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aus: https://www.fool.com/investing/2018/09/27/why-cameco-corps-s…

>>
Sep 27, 2018 at 11:24AM
What happened

Shares of Cameco Corp. (NYSE:CCJ) shot up more than 16% by 10:30 a.m. EDT on Thursday after the Tax Court of Canada ruled in favor of the uranium miner.

So what

The Tax Court ruled that Cameco's marketing and trading structure, which involved "foreign subsidiaries and the related transfer pricing methodology used for certain intercompany uranium sale and purchase agreements," where in full compliance with Canadian laws. Because of that, the court referred the matter back to the Minister of National Revenue to issue new reassessments for the 2003, 2005, and 2006 tax years. That could result in the company getting a refund with interest. Furthermore, the company believes this ruling suggests that the other tax years in dispute will ultimately receive the same outcome. Because of the favorable ruling, Cameco plans to apply for the recovery of the costs it incurred during this process.
A judge holding gavel in courtroom.


The favorable ruling in Cameco's case could have far-reaching implications for other Canadian mining companies. That's why shares of Wheaton Precious Metals (NYSE:WPM) also surged on the news, rising about 5% by the mid-morning. That's after an analyst from Scotiabank sees a greater opportunity for a settlement in Wheaton Precious Metals' case in light of Cameco's positive outcome.

Now what

While the court ruling in Cameco's favor in this tax dispute is a positive development, it doesn't yet put an end to these proceedings. The Canada Revenue Agency has 30 days to appeal. If it does, that process could take two years before the Federal Court of Appeals decides on the matter. From there, it could go all the way to the Supreme Court, adding another two years. These appeals would add to the company's legal bills while increasing the risk of an adverse outcome. As a result, there's still a risk that the stock could melt down again in the future.<<

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Ich glaube es hat mit der Steuerproblematik zu tun. WPM hat scheinbar eine Lösung gefunden:

https://seekingalpha.com/news/3393449-wheaton-precious-metal…

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Ist das der Grund für den +5,46% ???