The 2 Likely Reasons Silver Wheaton Corp. Tumbled 12% in February [The Motley Fool]
SILVER WHEATON (SLW)
US:NYSE Investor Relations:
wheatonpm.com/investors/default.aspx
Company Research
Source: The Motley Fool
This mine shutdown probably has investors on edge, but it shouldn't. What happened Shares of Silver Wheaton ( NYSE:SLW ) , a precious-metal royalty and asset streaming company, tumbled 12% in February, according to data from S&P Global Market Intelligence . The root cause of Silver Wheaton's weakness can likely be traced to two sources. So what Unlike most mining companies that have to handle the high expenses of day-to-day mining and maintenance, Silver Wheaton doesn't have those costs. It merely pays large amounts of capital upfront to fund the expansion of existing mines or the development of new mines. In return, it gains long-term or life-of-mine access to a percentage of that mine's production at a well below market rate. While this model can be quite profitable, production is ultimately out of Silver Wheaton's hands, which can sometimes be problematic. Image source: Getty Images. During February, one of Silver Wheaton's key long-term contracts e
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