Silver Wheaton
3-year average:
Revenue Growth: 76%
Profit Growth: 340%
Total Return: 49%
Revenue Growth: 76%
Profit Growth: 340%
Total Return: 49%
It’s a little-known fact that most
silver is produced as a by-product of something else -- meaning the
people who mine it don’t actually want it. As a “silver-streaming”
company, Silver Wheaton enters into silver-purchase agreements with
miners where the company contracts to buy all or part of the mined
silver. To date the company has signed 14 long-term silver-purchase
agreements at roughly $4 an ounce. It’s that simple – buy low, sell
high. Silver Wheaton posted record sales and revenues in the first and
second quarters and says it is on track for its “best year ever.” -- Niamh Sweeney, contributor
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