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Wheaton Precious Metals Corp WPM


Primary Symbol: T.WPM

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company. The Company is primarily engaged in the sale of precious metals, including gold, silver, palladium, and cobalt. It has streaming agreements for about 19 operating mines and 13 development stage projects. Its operating assets include Salobo mine (Salobo), Antamina, Penasquito, Constancia, Sudbury, Stillwater, San Dimas, Voisey’s Bay, Other Gold, and Other Silver. Its development assets include Blackwater Project, Marmato Mine, Copper World Complex, Goose Project, and Curipamba Project, and others. The Salobo is the copper deposit located in Brazil. Salobo is an integrated operation of open pit mining, mineral processing beneficiation, concentrate loading and transportation. The Antamina mine is a copper mine. The Antamina mine is located in the Andes Mountain range of Peru at an average elevation of 4,200 meters. The Penasquito is a gold mine and silver mine as well as the producers of zinc and lead.


TSX:WPM - Post by User

Comment by mousermanon Aug 11, 2020 11:10am
129 Views
Post# 31392685

RE:LOading more from dumpers

RE:LOading more from dumpers
mouserman wrote: Not sure if the sellers are getting shaken out by short sellers, or they believe the precious metals bull rocket ride is done.
eithe way than for the cheap shares right ahead of the q report. I suspect we will we a special dividend on top of the regular one this q.
WPM making money like never before at current gold and silver prices, never mind the palladium stream which  is likely the most profitable % wise even if it’s not a huge streaming deal. Still worth millions to them , as palladium still more precious than gold at current prices.

Appears i was overly optimistic about the precious metals prices here, and a pullback/correction was overdue, just on a technical basis. But i still do like WPM 's profitability even at the prices we are seeing today. IF silver averages 25$ an oz for this Q , that will be over 50% above the preceding Q to june 30th, and those numbers we will see tomorrow. Gold also up considerable from last Q , so numbers will be quite good for the next Q. Market is not really looking ahead tho, right now.
Traders see a big pullback today, but longs still see the bigger picture.
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