Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

  Exhibit 4.7    
    

 FORM 51-102F3

MATERIAL CHANGE REPORT

UNDER NATIONAL INSTRUMENT 51-102  

 
    Item 1    Name and Address of Company    
    

Silver
Wheaton Corp.

Suite 3150

666 Burrard Street

Vancouver, BC

V6C 2X8 

 
    Item 2    Date of Material Change    
    

March 2,
2015 

 
    Item 3    News Release    
    

News
releases with respect to the material changes referred to in this report were disseminated on March 2, 2015 through the facilities of Marketwired and subsequently filed on SEDAR at
www.sedar.com.  

 
    Item 4    Summary of Material Change    
    

On
March 2, 2015, Silver Wheaton Corp. ("Silver Wheaton" or the "Company") announced that its
wholly-owned subsidiary, Silver Wheaton (Caymans) Ltd. ("Silver Wheaton Caymans"), has agreed to acquire from a subsidiary of Vale S.A.
("Vale") (NYSE:VALE) an amount of gold equal to 25% of the life of mine gold production from its Salobo mine, located in Brazil. This acquisition is in
addition to the 25% of the Salobo gold production that Silver Wheaton acquired in 2013. The Company will pay Vale cash consideration of US$900 million for the increased gold stream. In
addition, Silver Wheaton will make ongoing payments of the lesser of US$400 (subject to a 1% annual inflation adjustment commencing in 2017) and the prevailing
market price for each ounce of gold delivered under the agreement. The original gold purchase agreement, dated February 28, 2013, has been amended to provide for the additional
25% stream. 

In
addition, on March 2, 2015 Silver Wheaton announced it has entered into an agreement with a syndicate of underwriters led by Scotia Capital Inc., pursuant to which they have agreed to
purchase, on a bought deal basis, 38,930,000 common shares of Silver Wheaton at a price of US$20.55 per share (the "Offering"), for
aggregate gross proceeds to Silver Wheaton of approximately US$800 million.  

 
    Item 5    Full Description of Material Change    
    

 TRANSACTION TERMS  

Silver
Wheaton Caymans has agreed to acquire from a subsidiary of Vale an additional 25% of the life of mine gold production from Vale's Salobo mine. Production will accrue retroactively to Silver
Wheaton Caymans as of January 1, 2015. 

Silver
Wheaton Caymans will pay Vale cash consideration of US$900 million for the increased gold stream. In addition, Silver Wheaton Caymans will make ongoing payments of the lesser of US$400
(subject to a 1% annual inflation adjustment commencing in 2017 for the Salobo stream) and the prevailing market price, for each ounce of gold delivered under the agreement. The terms of the existing
gold stream on Salobo were modified so that the annual inflation adjustment that was scheduled to start in 2016 will now start coincident with this stream in 2017. 

Vale
is in the process of ramping up mill throughput at the Salobo mine to 24 million tonnes per annum ("Mtpa"). If throughput capacity is
expanded within a predetermined period, Silver Wheaton Caymans will be required to make an additional payment to Vale, relative to the 50% stream, based on a set fee schedule that now ranges from
US$88 million if throughput is expanded beyond 28 Mtpa by January 1, 2036, up to US$720 million if throughput is expanded beyond 40 Mtpa by
January 1, 2018. 

 FINANCING THE ACQUISITION  

To
pay the initial upfront cash payment of US$900 million, Silver Wheaton intends to use cash on hand together with the net proceeds of the Offering. Silver Wheaton may also use amounts
borrowed under its existing revolving credit facility. 

 SILVER WHEATON ANNOUNCES NEW PRODUCTION GUIDANCE  

Silver
Wheaton is pleased to provide its updated one and five-year production guidance, which incorporates the additional 25% life of mine gold stream on the Salobo mine. In 2015, Silver Wheaton's
estimated attributable silver equivalent production is forecast to be 43.5 million silver equivalent ounces(1), including 230,000 ounces of gold. In 2019, estimated annual
attributable production is anticipated to increase over 40% compared to 2014 levels, growing to approximately 51 million silver equivalent ounces1, including 325,000 ounces
of gold. 

Mr. Neil
Burns, Vice President of Technical Services of Silver Wheaton, is a "qualified person" as such term is defined under National Instrument 43-101, and has reviewed and approved
the technical disclosure in this material change report announcing the above material changes, including information on mineral reserves and mineral resources. 

 US$800 MILLION BOUGHT DEAL FINANCING  

On
March 2, 2015, Silver Wheaton announced it has entered into an agreement with a syndicate of underwriters led by Scotia Capital Inc., pursuant to which they have agreed to purchase,
on a bought deal basis, 38,930,000 common shares of Silver Wheaton at a price of US$20.55 per share, for aggregate gross proceeds to Silver Wheaton of approximately US$800 million. In
addition, Silver Wheaton has agreed to grant to the underwriters an option to purchase up to an additional 5,839,500 common shares at a price of US$20.55 per share, on the same terms and
conditions as the Offering, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the Offering. In the event that the option is exercised in its
entirety, the aggregate gross proceeds of the Offering to Silver Wheaton will be approximately US$920 million. 

The
net proceeds of the Offering will be used to fund the Company's acquisition of an additional 25% gold stream from Vale's Salobo mine, located in Brazil. 

The
Offering is scheduled to close on or about March 17, 2015, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval
of the Toronto Stock Exchange, the New York Stock Exchange and the securities regulatory authorities.  

 
    Item 6    Reliance on subsection 7.1(2) of National Instrument 51-102    
    

N/A 

 
    Item 7    Omitted Information    
    

N/A 

 
    Item 8    Executive Officer    
    

For
further information: please contact Patrick Drouin, Vice President, Investor Relations of Silver Wheaton at 1-800-380-8687 or info @silverwheaton.com.  

 
    Item 9    Date of Report    
    

March 9,
2015 

   

   

	(1)
	Silver
equivalent production forecast assumes a gold/silver ratio of 72:1.

 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 Offering, including the terms, potential completion and expected closing date of the Offering and the intended use of proceeds of the Offering,
future price of commodities, the estimation of mineral reserves and mineral resources, the realization of mineral reserve estimates, the timing and amount of estimated future production (including
2015 and 2019 attributable annual 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 and resolution 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", "projects", "intends",
"anticipates" or "does not anticipate", or "believes", "potential", 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, 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: the Offering, closing of the
Offering and any specific risks relating to the satisfaction of each party's obligations in accordance with the terms of the Amended Salobo Purchase Agreement disclosed in the amended and restated
preliminary short form prospectus of Silver Wheaton dated March 3, 2015, fluctuations in the price of commodities; the absence of control over the mining operations from which Silver Wheaton
purchases silver or gold (the "Mining Operations") 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, risks relating to having to rely on the accuracy of the public disclosure and other information Silver Wheaton receives from the owners and operators of the
Mining Operations as the basis for its analyses, forecasts and assessments relating to its own business, differences in the interpretation or application of tax laws and regulations or accounting
policies and rules and Silver Wheaton's interpretation of, or compliance with, tax laws and regulations or accounting policies and rules, is found to be incorrect, risks relating to production
estimates from Mining Operations, credit and liquidity risks, hedging risk, competition in the mining industry, risks related to the Silver Wheaton's acquisition strategy, risks related to the market
price of the Silver Wheaton's shares, risks related to Silver Wheaton's holding of long-term investments in other exploration and mining companies, risks related to the declaration, timing and payment
of dividends, the ability of Silver Wheaton and the Mining Operations to retain key management employees or procure the services of skilled and experienced personnel, risks related to claims and legal
proceedings against Silver Wheaton or the Mining Operations, risks relating to unknown defects and impairments, risks related to the adequacy of internal control over financial reporting, risks
related to governmental regulations, including environmental regulations, risks related to international operations of Silver Wheaton and the Mining Operations, risks relating to exploration,
development and operations at the Mining Operations, the ability of Silver Wheaton
and the Mining Operations to obtain and maintain necessary permits, the ability of Silver Wheaton and the Mining Operations to comply with applicable laws, regulations and permitting requirements,
lack of suitable infrastructure and employees to support the Mining Operations, uncertainty in the accuracy of mineral reserves and mineral resources estimates, production estimates from Mining
Operations, inability to replace and expand mineral reserves, uncertainties related to title and indigenous rights with respect to the mineral properties of the Mining Operations, commodity price
fluctuations, the ability of Silver Wheaton and the Mining Operations to obtain adequate financing, the ability of Mining Operations to complete permitting, construction, development and expansion,
challenges related to global financial conditions, risks related to future sales or issuance of equity securities, as well as those factors discussed in the section entitled "Risk Factors" in the
amended and restated preliminary short form prospectus of Silver Wheaton dated March 3, 2015 available on SEDAR at www.sedar.com and in the US preliminary prospectus of Silver Wheaton dated
March 2, 2015 (the "US Prospectus") included in the Registration Statement on Form F-10 filed with the SEC. Forward-looking statements are based on assumptions management believes
to be reasonable, including but not limited to: the closing of the Offering by Silver Wheaton, the satisfaction of each party's obligations in accordance with the terms of the Amended Salobo Purchase
Agreement, the continued operation of the Mining Operations, 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 public statements and achieve their stated production estimates, 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, that Silver Wheaton will be successful in challenging any reassessment by the Canada Revenue Agency, the estimate of the
carrying value of the Precious Metal Purchase Agreements (as defined in the amended and restated preliminary short form prospectus of Silver Wheaton dated March 3, 2015) and such other
assumptions and factors as set out herein. Although Silver Wheaton has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ
materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially
realized, there can be no assurance that they will have the expected consequences to, or effects on, Silver Wheaton. Accordingly, readers should not place undue reliance on forward-looking statements
and are cautioned that actual outcomes may vary. The forward-looking statements included herein for the purpose of providing investors with information to assist them in understanding Silver Wheaton's
expected performance and may not be appropriate for other purposes. Any forward-looking statement speaks only as of the date on which it is made. 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.

QuickLinks

Exhibit 4.7

Item 1 Name and Address of Company

Item 2 Date of Material Change

Item 3 News Release

Item 4 Summary of Material Change

Item 5 Full Description of Material Change

Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102

Item 7 Omitted Information

Item 8 Executive Officer

Item 9 Date of ReportQuickLinks
 -- Click here to rapidly navigate through this document

 
 

  Exhibit 4.8    
    

Silver Wheaton Corp.

Offering of Common Shares  

 

			
	Term Sheet	 	March 2, 2015
	

  

 

 A preliminary short form prospectus containing important information relating to the securities described in this document has not yet been filed with the securities regulatory
authorities in each of the provinces of Canada. A copy of the preliminary short form prospectus, and any amendment, is required to be delivered with this document.

There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final short form prospectus has
been issued.

This document does not provide full disclosure of all material facts relating to the securities offered. Investors should read the preliminary short form prospectus, final
short form prospectus and any amendment, for disclosure of those facts, especially risk factors relating to the securities offered, before making an investment decision.

 

  

			
	Issuer:	 	 Silver Wheaton Corp. (the "Company")
	
Issue:	
 	
 Treasury offering of 38,930,000 common shares (the "Common Shares")
	
Issue Amount:	
 	
 US$800,011,500
	
Issue Price:	
 	
 US$20.55 per Common Share
	
Over-Allotment Option:	
 	
 The underwriters shall have the option, exercisable in whole or in part for a period of 30 days after Closing, to purchase up to an additional 5,839,500 Common Shares at the Issue Price and
on the same terms and conditions as set forth herein to cover over-allotments, if any, and for market stabilization.
	
Use of Proceeds:	
 	
 The net proceeds of the offering will be used fund the acquisition of an additional 25% of the payable gold from Vale S.A.'s Salobo copper asset in Brazil and for general corporate
purposes.
	
Dividends:	
 	
 Dividends are payable on a quarterly basis. The current policy of the board of directors is to declare a quarterly dividend per Common Share equal to 20% of the average cash generated by the Company's
operating activities in the previous four quarters divided by the then outstanding Common Shares and rounded to the nearest cent. The declaration, timing, amount and payment of dividends remains at the discretion of the Company's board of
directors.
	
Issue Type:	
 	
 Bought underwritten public issue, eligible for sale in all provinces of Canada pursuant to a short form prospectus, and in the United States pursuant to registration under the
Multi-Jurisdictional Disclosure System, and internationally as permitted.
	
Conditions:	
 	
 Subject to standard bought deal terms and conditions for cross-border transactions of this type.
	
Listing:	
 	
 The existing common shares of Silver Wheaton are listed on the TSX and the NYSE under the symbol "SLW".
	
Eligibility:	
 	
 Eligible under the usual statutes and for RRSPs, RRIFs, RESPs, DPSPs, RDSPs, and TFSAs.
	

 

 

 

 
  

Silver Wheaton Corp.

Offering of Common Shares  

 

			
	Term Sheet	 	March 2, 2015
	

  

 

 

  

			
	Sole Bookrunner:	 	 Scotia Capital Inc.
	
Underwriting Fee:	
 	
 3.75%, payable upon Closing.
	
Closing:	
 	
 On or about March 17, 2015

 

 The offering will be made in the United States pursuant to the Multi-Jurisdictional Disclosure System. A registration statement on
Form F-10 relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers
to buy be accepted prior to the time the registration statement becomes effective. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has
filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the
issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus or you may request it from Scotia Capital Inc. in Canada, Attention: Equity Capital
Markets (tel:416-862-5837), Scotia Plaza, 66th Floor, 40 King Street West, M5W 2X6, Toronto, Ontario; or in the U.S., Attention: Equity Capital Markets (tel:212-225-6853),
250 Vesey Street, 24th Floor, New York, New York, 10281.

 

   

   

 

  

QuickLinks

Exhibit 4.8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00241-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00241-of-00352.parquet"}]]