GREY:NEVDQ - Post by User
Comment by
Newstock44on Feb 16, 2020 10:12pm
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Post# 30698416
RE:RE:RE:RE:RE:RE:RE:Nice video about copper by the legend Ross Beatty
RE:RE:RE:RE:RE:RE:RE:Nice video about copper by the legend Ross BeattyNope! Silver Wheaton is a spin off from Wheaton River Minerals now known as Newmont. b. I looked a little deeper thought you might have had an answer this is what I found Not in the same business However, there's a big difference in the way Newmont and Wheaton approach the precious metals space. Newmont is a miner, which means it has to find gold, build a mine, dig up and sell the gold, and then shut the mine down when all the economic gold has been extracted. It's a risky and expensive business model, even though there's nothing particularly unique about the way Newmont operates in the mining world Wheaton, on the other hand, is a streaming company. That means it provides miners cash up front for the right to buy silver and gold at reduced rates in the future. It currently pays around $4 an ounce for silver and $400 an ounce for gold. These prices are contractually locked in, which allows Wheaton to achieve robust margins in good times and bad times because its costs are always low. Newmont has to cut costs, a time consuming and difficult task, to adjust to falling gold prices. Let me know if your wrong.. Just kidding Bogfit cheers NS44